Property details
About 426 N State St
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Highlights
Summary
- Appliances: Oven, Refrigerator, Range
- Basement: No
- Fireplace: Wood Burning Stove
- Parking: Attached, Garage
- Architectural Style: Victorian
- Heating: Natural Gas, Steam
- List Price: $169,000
- Annual Tax Amount: $4,266
- Tax Year: 2024
- Year Built: 1970
- Lot Size: 0.18 Acres
- MLS Number: 79080053164
- MLS Name: Central Michigan Association of REALTORS
- Office Name: 43 NORTH REALTY
- Office Phone: (989) 463-1219
- Listing Agent: Micah Kemler
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Last updated on: 7/16/2025, 9:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $86,200 | $4,266 |
| 2023 | $80,100 | $- |
| 2022 | $70,000 | $- |
| 2021 | $65,400 | $- |
| 2020 | $63,200 | $- |
| 2019 | $56,400 | $- |
| 2018 | $62,800 | $- |
| 2017 | $45,800 | $- |
History based on county public records data.
Nearby schools
3
Pine Avenue Elementary School
Public District 4-5
0.6 mi
•1025 Pine Ave
4
Hillcrest Elementary School
Public District 2-3
0.7 mi
•515 E Elizabeth St
3
Eugene M Nikkari Elementary School
Public District 3-5
3.0 mi
•301 W State St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,083. The most common annual income of people living in Alma, MI is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
College Football
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Express/Express For Men
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Country
Oldies
New Country
Frequently asked questions
About 426 N State St
The listing price of 426 N State St property is $169,000.
The property 426 N State St is a multi located in Alma, Michigan, 48801.
Active Listing: 426 N State St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 426 N State St are: Pine Avenue Elementary School (GreatSchools Rating 3/10), Hillcrest Elementary School (GreatSchools Rating 4/10), Eugene M Nikkari Elementary School (GreatSchools Rating 3/10), Donald L Pavlik Middle School (GreatSchools Rating 5/10), Ts Nurnberger Middle School (GreatSchools Rating 5/10), Shepherd Middle School (GreatSchools Rating 7/10), Alma Senior High School (GreatSchools Rating 6/10), Link Learning St Louis (GreatSchools Rating 2/10), St Louis High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $4,266 (source: MLS/based on county public records data).
The year of construction for 426 N State St is 1970.
This home is located at 426 N State St in Alma, MI and zip code 48801. Features: 0 bathroom. It has been listed on Rocket Homes since December 21, 2024 and is currently priced at $169,000.
In June 2025 more than 11 listings in Alma, MI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below. Between May and June 2025, Alma, MI real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in June 2025 was $160,000, while the average time on the real estate market was 50 days.