316 Euclid Street, Alma, MI 48801 (MLS # 80070643)
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Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
| DAYS ON MARKET | 0 | LAST UPDATED | 10/24/2026 |
|---|---|---|---|
| TRACT | N/A | YEAR BUILT | 1949 |
| COMMUNITY | Alma (29017) | COUNTY | Gratiot |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Alma Public Schools |
|---|
| PRICE HISTORY | |
| Prior to Aug 30, '26 | $149,000 |
|---|---|
| Aug 30, '26 - Oct 24, '26 | $144,000 |
| Oct 24, '26 - Today | $136,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Oven, Range, Refrigerator |
| AREA | Alma (29017) |
| BASEMENT | Yes |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 66 x 165 |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | 2 Levels |
| SUBDIVISION | N/A |
| TAXES | 2024 |
| UTILITIES | Natural Gas Available, Cable Available |
| WATER | Public |
| ZONING | Multi-Family |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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