230 Ely St, Alma, MI 48801
Property image
Property image
FOR SALE

230 Ely St
Alma, MI 48801

  • Studio
  • 3,720 sqft

$50,043

Est. Mortgage $378/mo*
Get Pre-Qualified

$50,043

Est. Mortgage $378/mo*
Get Pre-Qualified
Studio
3,720 sqft

Local Information

  • Map ViewExplore the area around 230 Ely St.
  • Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Investor opportunity on Alma’s south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate—perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650–$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!

Home Highlights

Parking
None
Outdoor
Yes
A/C
Heating & Cooling
HOA
None
Price/Sqft
$13
Listed
28 days ago

Home Details for 230 Ely St

Interior Features

Interior Details
Basement: Crawl Space
Dimensions and Layout
Living Area: 3720 Square Feet
Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Multi UnitsHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo FireplaceNo Spa
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt MetalPatio / Porch: CoveredOther Structures: NoneExterior: SidewalkNo Private Pool
Parking & Garage
No CarportNo GarageNo Open ParkingParking: None
Frontage
Waterfront: NoneResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 4Days on Market: 28

Property Information

Year Built
Year Built: 1959
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Frame, Vinyl SidingNot a New ConstructionAttached To Another StructureDoes Not Include Home Warranty
Property Information
Condition: FixerParcel Number: 5103154700

Price & Status

Price
List Price: $50,043Price Per Sqft: $13
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: AlmaCommunity: City of Alma
School Information
Elementary School District: Alma Public SchoolsJr High / Middle School District: Alma Public SchoolsHigh School District: Alma Public Schools

Agent Information

Listing Agent
Listing ID: 1946299

Building

Building Area
Building Area: 3720 Square Feet

Community

Community Features: None

Lot Information

Lot Area: 5662.8 sqft

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash

Rental Terms, Policies & Fees

Rent Includes: Not For Lease

Miscellaneous

Mls Number: 1946299

Additional Information

None
Last check for updates: about 6 hours ago
Listing courtesy of Micah Kemler
43 NORTH REALTY, (989) 463-1219
Source: NGLRMLS, MLS#1946299
Also Listed on Realcomp II, NGLRMLS, Realcomp II.

Market trends in Alma

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
52
1MoM

Price History for 230 Ely St

DatePriceEventSource
06/08/2026$50,043Listed For SaleNGLRMLS #1946299
03/20/2025$53,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$2,640
Assessment$118,200
Home facts updated by county records

Comparable Sales for 230 Ely St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
256 Ely St, Alma, MI
0.06
Multi-Family Home
$110,000
01/14/26
5
3
2,080
126 Holiday St, Alma, MI
0.34
Multi-Family Home
$76,000
12/18/25
4
2
1,320
130 Grafton Ave, Alma, MI
0.13
Multi-Family Home
$125,000
11/19/25
3
2
1,475
426 N State St, Alma, MI
0.42
Multi-Family Home
$150,000
04/21/26
3
5
2,800
421 Prospect Ave, Alma, MI
0.46
Multi-Family Home
$165,000
03/04/26
5
4
3,900
303 W Elizabeth St, Alma, MI
0.41
Multi-Family Home
$162,000
04/14/26
4
2
1,710
5661 Golfridge Rd, Alma, MI
1.45
Multi-Family Home
$320,000
07/22/25
5
3
2,405
302 N Pine River St, Ithaca, MI
6.09
Multi-Family Home
$120,000
04/30/26
6
4
2,550
501 N Pine River St, Ithaca, MI
5.90
Multi-Family Home
$80,000
04/27/26
5
3
1,400

Nearby homes

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Assigned Schools

These are the assigned schools for 230 Ely St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Alma

At least 54 Trulia users voted on each feature.

  • 86 % Say it's dog friendly

  • 81 % Say parking is easy

  • 81 % Say kids play outside

  • 80 % Say car is needed

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 77 % Say there are sidewalks

  • 75 % Say people would walk alone at night

  • 66 % Say it's walkable to restaurants

  • 66 % Say it's quiet

  • 59 % Say there's wildlife

  • 59 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 49 % Say it's walkable to grocery stores

  • 39 % Say they plan to stay for at least 5 years

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kipp Perdue
    "Quiet, peaceful and secluded area that many don’t even know exists. One of the few condominiums in Alma. "
    0
    Flag
  • Michael Gibson
    "homecoming parades, farmers markets, the yearly fair, downtown activities, decent school district also! great little small town "
    0
    Flag
  • Cynthia
    "scotsdale trailer park is a large park with different areas of single wide and double wide homes. It is just across the road from Meijer & Walmart, & other businesses, a gas station & Taco Bell at the entrance to the park "
    0
    Flag
  • Leroyrichards856
    "good stores and nice restaurants and nice shops and nice cops on the road good churches nice things to do like the parks "
    1
    Flag
  • Leroyrichards856
    "nice place to take kids have good places to eat at and good things all over here others talk to you and ask how are you doing today "
    1
    Flag
  • Leroyrichards856
    "dogs are outside all the time with others people walking with them people talk to you when walking by ur house "
    1
    Flag
  • Tarynjackson
    "Dog owners would like that their are sidewalks and that it is safe to walk dogs at night or early in the morning. During the winter the sidewalks are not salted though so walking in the street may be a better option. People are pretty good at slowing down and giving my dog and I time to walk past them. "
    0
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  • Bjfrench2011
    "Alma has a great atmosphere in regards to feeling safe in the city. Crime rate is low and crime itself seems very basic and non eventful compared to Saginaw or Flint areas just an hour East."
    0
    Flag
  • Bjfrench2011
    "Highland Festival happens annually every memorial weekend in May. This is the biggest event Alma hosts and people come from all over. The schools here are phenomenal as well as preschool options. I would say the only thing Alma is missing is descent outdoor social space for kids and teens. There is a golf course for older folks but as far as a community center or splash park, Alma is definitely lacking."
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  • Bjfrench2011
    "I have lived in this area for three years now and don't mind it. Main street gets crowded on weekends, and there are only 2 parades a year that I have noticed. There is a Dominos Pizza being built so things are looking up for this town. "
    1
    Flag
  • Fred P.
    "This is a great area with everything close by. Very safe, very family friendly."
    0
    Flag

LGBTQ Local Legal Protections

Micah Kemler, 43 NORTH REALTY, (989) 463-1219
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
230 Ely St, Alma, MI 48801 is a studio, 3,720 sqft multi-family built in 1959. This property is currently available for sale and was listed by NGLRMLS on Jun 8, 2026. The MLS # for this home is MLS# 1946299.