# 230 Ely Street, Alma, MI 48801 > **TL;DR:** multi-family, $50,043 ($13/sqft), built 1959, 3,720 sqft. Est. $268/mo. Listed 143 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $50,043 | | Price/sqft | $13 | | Square Feet | 3,720 | | Year Built | 1959 | | Lot Size | 5,663 sqft (0.13 acres) | | Stories | 2 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 143 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $253 | | Estimated Insurance | $15 | | **Total** | **$268** | ## Property Highlights - Built in 1959 - 0.13 acre lot - 2 stories ## Description ### Agent 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! ## Location - **Address:** 230 Ely Street, Alma, MI 48801 - **County:** Gratiot - **Coordinates:** 43.374135, -84.659281 - **Google Maps:** https://www.google.com/maps?q=43.374135,-84.659281 ## Listing Agent - **Name:** Micah Kemler - **Brokerage:** 43 NORTH REALTY - **Broker Phone:** 9894631219 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/230-Ely-St_Alma_MI_48801_M47418-44151?f=listhub&s=TAAR&m=1946299&c=propsimple) ## Photos ![230 Ely Street - Photo 1](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f339994713r.jpg) ![230 Ely Street - Photo 2](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f2596537968r.jpg) ![230 Ely Street - Photo 3](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f3285648601r.jpg) ![230 Ely Street - Photo 4](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f4094471302r.jpg) ![230 Ely Street - Photo 5](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f197489962r.jpg) ![230 Ely Street - Photo 6](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f2684022534r.jpg) ![230 Ely Street - Photo 7](http://lh.rdcpix.com/1827256e4c15aafe8633e5e1a45c802dl-f2923465309r.jpg) --- **MLS#:** 1946299 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/230-ely-street-alma-mi-48801-84ce56118c844712a99bda1aa6a669cb) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/230-ely-street-alma-mi-48801-84ce56118c844712a99bda1aa6a669cb#listing", "url": "https://staging.propertysimple.ai/listing/230-ely-street-alma-mi-48801-84ce56118c844712a99bda1aa6a669cb", "name": "230 Ely Street, Alma, MI 48801", "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. 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