256 Ely Street

Alma MI 48801

750 sq. ft.

0.23 ac.

Multi-Family

Last sold for $110,000

Micah Kemler, last sold this property on 14 January 2026 after 82 days on market.

Overview

Great Investment Opportunity in Alma! This 2-story triplex offers a total of approximately 2,080 square feet and is conveniently located near the river, local parks, and downtown Almaâ€”just steps away from shopping, dining, and entertainment. Unit #1 features 2 bedrooms, 1 bath, and around 750 sq. ft. of living space, currently rented for $675 per month. Unit #2 is another 2-bedroom, 1-bath layout with approximately 700 sq. ft., bringing in $625 per month. Unit #3 offers 1 bedroom, 1 bath, and about 600 sq. ft., with rent at $525 per month. This property provides steady rental income with reliable tenants already in place. Whether youâ€™re looking to expand your investment portfolio or start with your first rental property, this triplex delivers both value and location.

Features

750 sq. ft. floor area

0.23 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Alma over the last 12 months, the estimated median property value of 256 Ely Street is $125k.

Median value

$125k

Estimated value range

$76k - $165k

Median days on market

Estimated value trend

39%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Alma. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 256 Ely Street

2026

Sold

$110,000

14 Jan 2026 by Micah Kemler, of 43 NORTH REALTY

Happy sellers in Alma

We have insufficient information to provide an overview of customer satisfaction for Alma. Viewing the agent profiles, reviews and sales for Alma can provide insights for this location.