Real Estate Investment Properties for Sale in Alma, MI

Looking for investment property in Alma, MI with high ROI ?

Explore a variety of short-term homes & houses in Alma, MI. Invest wisely with VRBO & Alma, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Alma, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3134 N State Road Alma, MI Welcome to this beautifully remodeled 3-bedroom, 1.5-bath home on a spacious 2-acre lot. T...	3 beds \| 2 baths \| 1,400 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.01% Airbnb Rental Income: $null Traditional Rental Income: $2076 Airbnb ROI: N/A Traditional ROI: 9.01%
7925 N Luce Road Alma, MI All new and ready for you! Enjoy the wide open spaces of this completely remodeled home on...	4 beds \| 3 baths \| 2,000 sq.ft.	$329,700	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2656 Airbnb ROI: N/A Traditional ROI: 6.46%
238 Purdy Drive Alma, MI Welcome to this beautifully maintained 3 (possibly 4) bedroom, 2.5 bath split level home o...	3 beds \| 3 baths \| 2,740 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.37% Airbnb Rental Income: $null Traditional Rental Income: $2835 Airbnb ROI: N/A Traditional ROI: 9.37%
727 Wright Avenue Alma, MI Conveniently located near Mid-Michigan Medical Center-Alma, Alma College, and the Fred Mei...	4 beds \| 2 baths \| 2,520 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $2508 Airbnb ROI: N/A Traditional ROI: 8.96%
117 Republic Avenue Alma, MI Welcome to this beautifully updated 3-bedroom, 2-bathroom home with a basement, located in...	3 beds \| 2 baths \| 1,222 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.57% Airbnb Rental Income: $null Traditional Rental Income: $1865 Airbnb ROI: N/A Traditional ROI: 7.57%
5705 N State Road Alma, MI This 3.45-acre mixed-use property offers a unique investment opportunity with both steady ...	N/A beds \| N/A baths \| 2,579 sq.ft.	$645,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $1855 Airbnb ROI: N/A Traditional ROI: 0.36%
781 E Harrison Road Alma, MI Charming Country Home with Modern Updates and Outdoor Oasis. Discover the perfect blend of...	2 beds \| 2 baths \| 2,202 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $2560 Airbnb ROI: N/A Traditional ROI: 6.49%
929 Mill Street Alma, MI Welcome to the neighborhood! This 4 bedroom 2.5 bath home is located close to Alma Colleg...	4 beds \| 3 baths \| 2,460 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.79% Airbnb Rental Income: $null Traditional Rental Income: $2886 Airbnb ROI: N/A Traditional ROI: 8.79%
936 Iowa Street Alma, MI This beautifully updated 3-bedroom home is located less than a mile from Alma College, mak...	3 beds \| 2 baths \| 1,560 sq.ft.	$209,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.53% Airbnb Rental Income: $null Traditional Rental Income: $2223 Airbnb ROI: N/A Traditional ROI: 8.53%
4575 W Jackson Road Alma, MI Beautifully updated home just west of Alma (a stones throw), offers a stunning new (2022) ...	4 beds \| 2 baths \| 2,400 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2543 Airbnb ROI: N/A Traditional ROI: 5.22%
715 Pine Avenue Alma, MI Four bedroom, two bath home in one of the best locations - close to schools, shopping, and...	4 beds \| 2 baths \| 1,504 sq.ft.	$169,999	Airbnb cash on cash: N/A Traditional cash on cash: 10.69% Airbnb Rental Income: $null Traditional Rental Income: $2176 Airbnb ROI: N/A Traditional ROI: 10.69%
5667 N Winans Road Alma, MI Built-in 2015, this clean well maintained 4 bedroom 3 bath home is sure to check off a lot...	4 beds \| 3 baths \| 1,964 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.46% Airbnb Rental Income: $null Traditional Rental Income: $2635 Airbnb ROI: N/A Traditional ROI: 7.46%
7465 E South County Line Road Alma, MI This is a unique and wonderful opportunity. Two homes on 10 aces with possibilities! Thi...	3 beds \| 1 baths \| 1,350 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $1624 Airbnb ROI: N/A Traditional ROI: 3.33%
726 Pennsylvania Avenue Alma, MI This beautifully updated 2-bedroom, 1-bathroom home offers modern living just minutes from...	2 beds \| 1 baths \| 1,050 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $1352 Airbnb ROI: N/A Traditional ROI: 6.15%
224 Crystal Court Alma, MI This home was constructed in 2019 by Deshano Construction and is incredibly energy efficie...	3 beds \| 3 baths \| 3,158 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.95% Airbnb Rental Income: $null Traditional Rental Income: $3038 Airbnb ROI: N/A Traditional ROI: 5.95%
178 Jade Court Alma, MI Nearly brand new 3 bedroom 2.5 bath 2 story home in the very desirable Gemstone Fields nei...	3 beds \| 3 baths \| 1,676 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.07% Airbnb Rental Income: $null Traditional Rental Income: $2555 Airbnb ROI: N/A Traditional ROI: 6.07%
426 N State Street Alma, MI Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment op...	N/A beds \| N/A baths \| 2,800 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $1760 Airbnb ROI: N/A Traditional ROI: 6.06%
4125 W Harrison Road Alma, MI Welcome to this charming 4 bedroom home nestled on 3 beautiful acres located 2 miles south...	4 beds \| 1 baths \| 1,450 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $1653 Airbnb ROI: N/A Traditional ROI: 3.84%
236 Grafton Alma, MI Welcome to Alma! Home of Alma College and the mighty Pine River! This roomy ranch style ho...	3 beds \| 2 baths \| 1,552 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.71% Airbnb Rental Income: $null Traditional Rental Income: $2253 Airbnb ROI: N/A Traditional ROI: 11.71%
119 W Elizabeth Street Alma, MI Discover the perfect blend of comfort and practicality in this charming home! Featuring tw...	2 beds \| 1 baths \| 960 sq.ft.	$111,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.66% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 5.66%
418 Rockingham Avenue Alma, MI Welcome home to this delightful property in the heart of Alma! Boasting a cozy bedroom, th...	2 beds \| 1 baths \| 1,000 sq.ft.	$123,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 4.89%

Real Estate investment in Alma, MI

There are 21 properties for sale in the city of Alma . The median list price in Alma is $189,000 and the average price per square foot is $110. In January 2025, the average monthly cash on cash return in Alma is 9.00%. The average monthly rental income in Alma is $1,968.

Alma, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 21 investment properties available for sale in Alma.

The ROI for Short-Term is higher than the Long-Term in Alma with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Alma, MI

3134 N State Road

Alma, MI

3 beds | 2 baths | 1,400 sq.ft.

$199,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.01%

Airbnb Rental Income: $null

Traditional Rental Income: $2076

Airbnb ROI: N/A

Traditional ROI: 9.01%

7925 N Luce Road

Alma, MI

4 beds | 3 baths | 2,000 sq.ft.

$329,700

Airbnb cash on cash: N/A

Traditional cash on cash: 6.46%

Airbnb Rental Income: $null

Traditional Rental Income: $2656

Airbnb ROI: N/A

Traditional ROI: 6.46%

238 Purdy Drive

Alma, MI

3 beds | 3 baths | 2,740 sq.ft.

$239,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.37%

Airbnb Rental Income: $null

Traditional Rental Income: $2835

Airbnb ROI: N/A

Traditional ROI: 9.37%

727 Wright Avenue

Alma, MI

4 beds | 2 baths | 2,520 sq.ft.

$230,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2508

Airbnb ROI: N/A

Traditional ROI: 8.96%

117 Republic Avenue

Alma, MI

3 beds | 2 baths | 1,222 sq.ft.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.57%

Airbnb Rental Income: $null

Traditional Rental Income: $1865

Airbnb ROI: N/A

Traditional ROI: 7.57%

5705 N State Road

Alma, MI

N/A beds | N/A baths | 2,579 sq.ft.

$645,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.36%

Airbnb Rental Income: $null

Traditional Rental Income: $1855

Airbnb ROI: N/A

Traditional ROI: 0.36%

781 E Harrison Road

Alma, MI

2 beds | 2 baths | 2,202 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.49%

Airbnb Rental Income: $null

Traditional Rental Income: $2560

Airbnb ROI: N/A

Traditional ROI: 6.49%

929 Mill Street

Alma, MI

4 beds | 3 baths | 2,460 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2886

Airbnb ROI: N/A