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
750 Pennsylvania Avenue Alma, MI Welcome to this delightful 3-bedroom, 1.5-bathroom home that blends comfort, convenience, ...	3 beds \| 2 baths \| 1,400 sq.ft.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.94% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 7.94%
8208 N Grafton Road Alma, MI Looking for the perfect blend of convenience and comfort? Well then, LOOK NO FURTHER! This...	3 beds \| 2 baths \| 1,298 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.38% Airbnb Rental Income: $null Traditional Rental Income: $2063 Airbnb ROI: N/A Traditional ROI: 9.38%
704 Republic Avenue Alma, MI Step inside this beautifully maintained home featuring 3 bedrooms and 1.5 bathrooms. The u...	3 beds \| 2 baths \| 1,044 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $1765 Airbnb ROI: N/A Traditional ROI: 8.72%
534 Iowa Street Alma, MI Looking for a well-maintained ranch in Alma?! Look no further, 534 Iowa is here! Located r...	2 beds \| 2 baths \| 1,436 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $1961 Airbnb ROI: N/A Traditional ROI: 7.33%
625 Slater Street Alma, MI Check out this adorable 2-bedroom, 1-bath home right in the heart of the city! Youâll lo...	2 beds \| 1 baths \| 806 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.03% Airbnb Rental Income: $null Traditional Rental Income: $1437 Airbnb ROI: N/A Traditional ROI: 9.03%
214 Philadelphia Avenue Alma, MI Welcome home! This beautifully updated 4-bedroom, 2-bath residence offers comfort, style, ...	4 beds \| 2 baths \| 2,149 sq.ft.	$238,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $1800 Airbnb ROI: N/A Traditional ROI: 5.43%
130 Grafton Avenue Alma, MI Updated Duplex - Live in One, Rent the Other! This well-maintained duplex offers both comf...	3 beds \| 2 baths \| 1,475 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.31% Airbnb Rental Income: $null Traditional Rental Income: $1800 Airbnb ROI: N/A Traditional ROI: 11.31%
204 Hawthorne Street Alma, MI 4 bedroom 2 bath house with a 2 car garage, not far from Alma Fairgrounds! This home is fi...	4 beds \| 2 baths \| 1,140 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $1902 Airbnb ROI: N/A Traditional ROI: 9.3%
5811 N Luce Road Alma, MI Discover 2,200 sq. ft. of luxurious, single-level living in this fully renovated brick exe...	3 beds \| 3 baths \| 2,200 sq.ft.	$412,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.38% Airbnb Rental Income: $null Traditional Rental Income: $2611 Airbnb ROI: N/A Traditional ROI: 4.38%
1510 Luce Court Alma, MI This charming, authentic log cabin, built in 1999 and offers over 1,700 square feet of liv...	3 beds \| 2 baths \| 1,780 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.09% Airbnb Rental Income: $null Traditional Rental Income: $1771 Airbnb ROI: N/A Traditional ROI: 2.09%
1310 Rosedale Street Alma, MI Charming 4-bedroom, 1-bath ranch-style home featuring a cozy fireplace in the spacious liv...	4 beds \| 1 baths \| 1,660 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.57% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 8.57%
3927 W Tyler Road Alma, MI Fully renovated home just 5 miles from town, new everything! Move in and not worry about ...	3 beds \| 2 baths \| 1,320 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 3.67%
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.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $1855 Airbnb ROI: N/A Traditional ROI: 0.75%
929 Mill Street Alma, MI Welcome home to this beautifully updated two-story residence offering 4 bedrooms, 2.5 bath...	4 beds \| 3 baths \| 2,460 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.64% Airbnb Rental Income: $null Traditional Rental Income: $2886 Airbnb ROI: N/A Traditional ROI: 8.64%
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.	$148,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.9% Airbnb Rental Income: $null Traditional Rental Income: $1352 Airbnb ROI: N/A Traditional ROI: 6.9%
426 N State Street Alma, MI Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment op...	4 beds \| 5 baths \| 2,800 sq.ft.	$169,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.88% Airbnb Rental Income: $null Traditional Rental Income: $1760 Airbnb ROI: N/A Traditional ROI: 6.88%
4125 W Harrison Road Alma, MI Welcome to your new country escape! This 4-bedroom, 1-bath, 1.5-story home offers 1,836 sq...	4 beds \| 1 baths \| 1,836 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.44% Airbnb Rental Income: $null Traditional Rental Income: $1653 Airbnb ROI: N/A Traditional ROI: 4.44%
3468 Kali Lane Alma, MI Have you thought about building your forever home, but found out that the required down pa...	5 beds \| 3 baths \| 3,544 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $3406 Airbnb ROI: N/A Traditional ROI: 5.75%
4888 W Jackson Alma, MI Tucked away on 1.81 secluded acres with 225 feet of private waterfront has serene views fr...	2 beds \| 1 baths \| 1,221 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.55% Airbnb Rental Income: $null Traditional Rental Income: $1691 Airbnb ROI: N/A Traditional ROI: 3.55%
147 Valley Avenue Alma, MI Cute 2-bedroom house in Alma! This home is well-maintained and all on one level! The layou...	2 beds \| 1 baths \| 718 sq.ft.	$114,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.97% Airbnb Rental Income: $null Traditional Rental Income: $1322 Airbnb ROI: N/A Traditional ROI: 8.97%
1113 Euclid Avenue Alma, MI Updated agent comment. Welcome to a rare opportunity in the heart of Alma! Nestled in a ...	3 beds \| 2 baths \| 1,100 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $1849 Airbnb ROI: N/A Traditional ROI: 8.51%
730 N River Alma, MI 3-Bedroom, 1-Bath Home with Strong Rental History â Turnkey & Move-In Ready Excellent op...	3 beds \| 1 baths \| 1,094 sq.ft.	$139,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.41% Airbnb Rental Income: $null Traditional Rental Income: $1533 Airbnb ROI: N/A Traditional ROI: 8.41%
111 Wheeler Street Alma, MI You will love this 2 bed, 1 bath home that also has bonus space upstairs! This space would...	2 beds \| 1 baths \| 832 sq.ft.	$134,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.49% Airbnb Rental Income: $null Traditional Rental Income: $1403 Airbnb ROI: N/A Traditional ROI: 8.49%
714 N Court Alma, MI Great home on Alma's North side. The home has great bones and very spacious rooms, giving ...	3 beds \| 1 baths \| 1,606 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.12% Airbnb Rental Income: $null Traditional Rental Income: $1689 Airbnb ROI: N/A Traditional ROI: 9.12%
511 Fairlane Drive Alma, MI This classic two-story home has four bedrooms, two full bathrooms and two half bathrooms, ...	4 beds \| 3 baths \| 3,693 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $3046 Airbnb ROI: N/A Traditional ROI: 6.15%
4658 N Croswell Road Alma, MI Escape the hustle and bustle and enjoy the peace of country living in this welcoming home ...	2 beds \| 2 baths \| 1,633 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.94% Airbnb Rental Income: $null Traditional Rental Income: $2122 Airbnb ROI: N/A Traditional ROI: 10.94%
4893 N Winans Road Alma, MI Vintage Centennial Farmstead with unique buildings. This property is a diamond in the rou...	3 beds \| 1 baths \| 1,750 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.32% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 8.32%
1700 Tartan Trail #B Alma, MI Are you looking for a slower pace, less stressful type of life? Where there is no need to ...	2 beds \| 2 baths \| 1,674 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.87% Airbnb Rental Income: $null Traditional Rental Income: $2077 Airbnb ROI: N/A Traditional ROI: 7.87%
916 N River Avenue Alma, MI Step into this move-in ready 3 bedroom, 1.5 bath Dutch Colonial that blends charm with con...	3 beds \| 2 baths \| 1,238 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.8% Airbnb Rental Income: $null Traditional Rental Income: $1883 Airbnb ROI: N/A Traditional ROI: 9.8%
131 Moyer Avenue Alma, MI Welcome to this charming 3-bedroom, 1-bathroom home in the heart of Alma, MI! Featuring sp...	3 beds \| 1 baths \| 1,444 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.01% Airbnb Rental Income: $null Traditional Rental Income: $1704 Airbnb ROI: N/A Traditional ROI: 10.01%
812 W Center Alma, MI Beautiful 4-bedroom, 3-bathroom home located in a highly sought-after neighborhood! This s...	4 beds \| 3 baths \| 2,876 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.08% Airbnb Rental Income: $null Traditional Rental Income: $3213 Airbnb ROI: N/A Traditional ROI: 11.08%

Real Estate investment in Alma, MI

There are 31 properties for sale in the city of Alma . The median list price in Alma is $165,000 and the average price per square foot is $99. In October 2025, the average monthly cash on cash return in Alma is 9.00%. The average monthly rental income in Alma is $1,800.

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

There are 31 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

750 Pennsylvania Avenue

Alma, MI

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

$154,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.94%

Airbnb Rental Income: $null

Traditional Rental Income: $1561

Airbnb ROI: N/A

Traditional ROI: 7.94%

8208 N Grafton Road

Alma, MI

3 beds | 2 baths | 1,298 sq.ft.

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2063

Airbnb ROI: N/A

Traditional ROI: 9.38%

704 Republic Avenue

Alma, MI

3 beds | 2 baths | 1,044 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1765

Airbnb ROI: N/A

Traditional ROI: 8.72%

534 Iowa Street

Alma, MI

2 beds | 2 baths | 1,436 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1961

Airbnb ROI: N/A

Traditional ROI: 7.33%

625 Slater Street

Alma, MI

2 beds | 1 baths | 806 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.03%

Airbnb Rental Income: $null

Traditional Rental Income: $1437

Airbnb ROI: N/A

Traditional ROI: 9.03%

214 Philadelphia Avenue

Alma, MI

4 beds | 2 baths | 2,149 sq.ft.

$238,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $1800

Airbnb ROI: N/A

Traditional ROI: 5.43%

130 Grafton Avenue

Alma, MI

3 beds | 2 baths | 1,475 sq.ft.

$130,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1800

Airbnb ROI: N/A

Traditional ROI: 11.31%

204 Hawthorne Street

Alma, MI

4 beds | 2 baths | 1,140 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.3%

Airbnb Rental Income: $null

Traditional Rental Income: $1902

Airbnb ROI: N/A