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
247 Gemstone Dr Alma, MI New construction in the City of Alma. This 3-bedroom home offers an open layout designed f...	3 beds \| 2 baths \| 1,325 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.36% Airbnb Rental Income: $null Traditional Rental Income: $2399 Airbnb ROI: N/A Traditional ROI: 5.36%
913 Pine Ave Alma, MI Back on the market due to previous Buyer had timing and cost concerns with exterior sewer ...	3 beds \| 1 baths \| 1,166 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.21% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 8.21%
135 Riverside Drive Alma, MI Relaxing on Riverside! This move in ready 2-bedroom, 1-bathroom home features a bay window...	2 beds \| 1 baths \| 1,409 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.87% Airbnb Rental Income: $null Traditional Rental Income: $1644 Airbnb ROI: N/A Traditional ROI: 8.87%
623 N State St Alma, MI Large American Foursquare home in Alma featuring many modern updates and awaiting your fin...	4 beds \| 2 baths \| 3,516 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $3161 Airbnb ROI: N/A Traditional ROI: 5.24%
104 Grove Ave Alma, MI This is the first time this home has been listed in over 55 years! This well-loved home h...	3 beds \| 1 baths \| 1,280 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.99% Airbnb Rental Income: $null Traditional Rental Income: $1457 Airbnb ROI: N/A Traditional ROI: 6.99%
258 Ruby Ct Alma, MI Beautifully built ranch in the highly sought-after Gemstone Fields subdivision of Alma. Si...	3 beds \| 2 baths \| 1,358 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 4.06%
214 N Grover Ave Alma, MI Charming 2-bedroom corner-lot home in the City of Alma, is ready for its next chapter. Ste...	2 beds \| 1 baths \| 936 sq.ft.	$88,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 8.04%
1510 Luce Ct 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.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $1771 Airbnb ROI: N/A Traditional ROI: 2.44%
5705 N State Rd Alma, MI This 3.45-acre mixed-use property offers a unique investment opportunity with both steady ...	N/A beds \| N/A baths \| 741 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.14% Airbnb Rental Income: $null Traditional Rental Income: $1855 Airbnb ROI: N/A Traditional ROI: 1.14%
313 Pleasant Ave Alma, MI REMODELED 1.5 STORY DUPLEX FOR SALE! This investment opportunity is located on the Southea...	N/A beds \| N/A baths \| 640 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.38% Airbnb Rental Income: $null Traditional Rental Income: $1571 Airbnb ROI: N/A Traditional ROI: 7.38%
267 W Lincoln Rd Alma, MI Located in the heart of Alma, this home offers a great opportunity for buyers looking to a...	3 beds \| 1 baths \| 1,220 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $1890 Airbnb ROI: N/A Traditional ROI: 6.89%
730 N River Alma, MI Welcome home to this well-maintained 3-bedroom, 1-bath property that's truly ready for you...	3 beds \| 1 baths \| 1,094 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.15% Airbnb Rental Income: $null Traditional Rental Income: $1533 Airbnb ROI: N/A Traditional ROI: 9.15%
3515 N Bliss Road Alma, MI Experience country living at its best with this spacious 5-bedroom, 1-bath farmhouse offer...	5 beds \| 1 baths \| 2,240 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $1877 Airbnb ROI: N/A Traditional ROI: 7.45%
711 Francisco Ave Alma, MI The Sellers just finished some projects, now it's ready for new owners. Inside, you'll app...	4 beds \| 1 baths \| 1,537 sq.ft.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.09% Airbnb Rental Income: $null Traditional Rental Income: $1841 Airbnb ROI: N/A Traditional ROI: 10.09%
430 Bridge Ave Alma, MI This home has been privately owned and not offered to the public for many years, presentin...	8 beds \| 5 baths \| 4,288 sq.ft.	$305,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2549 Airbnb ROI: N/A Traditional ROI: 6.46%
3495 Kali Ln Alma, MI 3495 Kali Ln, Alma, MI 48801 \| Single Family Residential	3 beds \| 2 baths \| 1,880 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $2305 Airbnb ROI: N/A Traditional ROI: 3.76%
TBD Riverview Alma, MI TBD Riverview, Alma, MI 48801 \| Other	N/A beds \| N/A baths \| N/A	$29,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.67% Airbnb Rental Income: $null Traditional Rental Income: $548 Airbnb ROI: N/A Traditional ROI: 11.67%
TBD Heather Ln Alma, MI TBD Heather Ln, Alma, MI 48801 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $543 Airbnb ROI: N/A Traditional ROI: 6.39%
348 N Grover Ave Alma, MI Welcome home to this charming 2-bedroom, 1-bathroom home in Alma that's truly move-in read...	2 beds \| 1 baths \| 776 sq.ft.	$132,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.07% Airbnb Rental Income: $null Traditional Rental Income: $1307 Airbnb ROI: N/A Traditional ROI: 7.07%
5526 N State Rd Alma, MI Move-in ready 2-bed 1-bath. This home is just out of town on a little piece of land. Enjoy...	2 beds \| 1 baths \| 884 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.14% Airbnb Rental Income: $null Traditional Rental Income: $1387 Airbnb ROI: N/A Traditional ROI: 9.14%
535 Yale Ave Alma, MI This ranch style 4 bedroom, 3 bathroom home sits on a beautifully landscaped corner lot ju...	4 beds \| 3 baths \| 2,029 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $3008 Airbnb ROI: N/A Traditional ROI: 9.16%
742 E Van Buren Rd Alma, MI Great country location with easy access to US-127 and just a short drive off the paved roa...	3 beds \| 2 baths \| 1,820 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $2309 Airbnb ROI: N/A Traditional ROI: 7.15%
5142 N State Rd Alma, MI 3 bed 2 bath ranch home with a partially finished basement.5050 N State RD Alma MI is Incl...	4 beds \| 3 baths \| 3,600 sq.ft.	$301,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.45% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 8.45%
158 Moyer Avenue Alma, MI Welcome to 158 Moyer Ave, 4-bedrooms and 2-bathroom home. Lots of room for whatever your f...	4 beds \| 2 baths \| 3,000 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.29% Airbnb Rental Income: $null Traditional Rental Income: $2616 Airbnb ROI: N/A Traditional ROI: 11.29%
1006 Falkirk Rd Alma, MI Welcome home to this beautifully updated 4-bedroom, 3-bath ranch offering space, style, an...	4 beds \| 3 baths \| 3,290 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.79% Airbnb Rental Income: $null Traditional Rental Income: $2670 Airbnb ROI: N/A Traditional ROI: 5.79%
894 Riverview Dr Alma, MI 894 Riverview Dr, Alma, MI 48801 \| Single Family Residential	3 beds \| N/A baths \| 1,606 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $1708 Airbnb ROI: N/A Traditional ROI: 4.19%
540 Fairlane Dr Alma, MI As they say " Location, Location, Location! Ideally situated between Alma College and the ...	3 beds \| 2 baths \| 2,166 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $2161 Airbnb ROI: N/A Traditional ROI: 4.93%
230 Ely St Alma, MI Investor opportunity on Alma's south side! This top/bottom duplex offers strong potential ...	N/A beds \| N/A baths \| 3,720 sq.ft.	$50,043	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $577 Airbnb ROI: N/A Traditional ROI: 3.61%
612 Liberty St Alma, MI Needs Your Lovin' to Become Your Darling Home! Located on a quiet street, this charming 2-...	2 beds \| 1 baths \| 773 sq.ft.	$134,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.61% Airbnb Rental Income: $null Traditional Rental Income: $1321 Airbnb ROI: N/A Traditional ROI: 7.61%
173 Crystal Court Alma, MI Welcome to 173 Crystal Ct in Alma! Tucked away at the end of a quiet cul-de-sac, this 4-be...	4 beds \| 4 baths \| 1,700 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.81% Airbnb Rental Income: $null Traditional Rental Income: $2712 Airbnb ROI: N/A Traditional ROI: 5.81%
316 Euclid St Alma, MI Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a f...	N/A beds \| N/A baths \| 1,290 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $604 Airbnb ROI: N/A Traditional ROI: 1.25%
125 Cedar Ave Alma, MI Welcome to 125 Cedar! This beautifully maintained 4-bedroom, 2 bath home offers the perfec...	4 beds \| 2 baths \| 2,205 sq.ft.	$169,043	Airbnb cash on cash: N/A Traditional cash on cash: 10.31% Airbnb Rental Income: $null Traditional Rental Income: $2159 Airbnb ROI: N/A Traditional ROI: 10.31%
173 Crystal Ct Alma, MI 173 Crystal Ct, Alma, MI 48801 \| Single Family Residential	4 beds \| 3 baths \| 1,700 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $2441 Airbnb ROI: N/A Traditional ROI: 5.04%
1232 E Superior St Alma, MI If you're looking for something affordable that will require little maintenance, this is t...	4 beds \| 2 baths \| 1,456 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.18% Airbnb Rental Income: $null Traditional Rental Income: $1878 Airbnb ROI: N/A Traditional ROI: 8.18%
424 Center St Alma, MI Welcome to this stunning character-filled home offering approximately 3,000 square feet of...	5 beds \| 2 baths \| 2,530 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.83% Airbnb Rental Income: $null Traditional Rental Income: $2607 Airbnb ROI: N/A Traditional ROI: 7.83%
618 Mechanic St Alma, MI Whether you're searching for your first home, looking to downsize, or wanting an affordabl...	1 beds \| 1 baths \| 700 sq.ft.	$114,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 6.81% Airbnb Rental Income: $863 Traditional Rental Income: $1008 Airbnb ROI: 2.51% Traditional ROI: 6.81%
622 Mechanic St Alma, MI Welcome home to this well-maintained 2-bedroom, 1-bath home that's perfect for first-time ...	2 beds \| 1 baths \| 736 sq.ft.	$124,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.02% Airbnb Rental Income: $null Traditional Rental Income: $1225 Airbnb ROI: N/A Traditional ROI: 8.02%

Real Estate investment in Alma, MI

There are 57 properties for sale in the city of Alma . The median list price in Alma is $164,851 and the average price per square foot is $99. In July 2026, the average monthly cash on cash return in Alma is 9.00%. The average monthly rental income in Alma is $1,878.

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

There are 57 investment properties available for sale in Alma.

In 2026, the best neighborhood to buy investment property is Alma.

The ROI for Long-Term is higher than the Short-Term in Alma with average rental income of $1,878.

Your search for investment property begins and ends here

Investment Property for Sale in Alma, MI

247 Gemstone Dr

Alma, MI

3 beds | 2 baths | 1,325 sq.ft.

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2399

Airbnb ROI: N/A

Traditional ROI: 5.36%

913 Pine Ave

Alma, MI

3 beds | 1 baths | 1,166 sq.ft.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.21%

Airbnb Rental Income: $null

Traditional Rental Income: $1748

Airbnb ROI: N/A

Traditional ROI: 8.21%

135 Riverside Drive

Alma, MI

2 beds | 1 baths | 1,409 sq.ft.

$145,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1644

Airbnb ROI: N/A

Traditional ROI: 8.87%

623 N State St

Alma, MI

4 beds | 2 baths | 3,516 sq.ft.

$435,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.24%

Airbnb Rental Income: $null

Traditional Rental Income: $3161

Airbnb ROI: N/A

Traditional ROI: 5.24%

104 Grove Ave

Alma, MI

3 beds | 1 baths | 1,280 sq.ft.

$150,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.99%

Airbnb Rental Income: $null

Traditional Rental Income: $1457

Airbnb ROI: N/A

Traditional ROI: 6.99%

258 Ruby Ct

Alma, MI

3 beds | 2 baths | 1,358 sq.ft.

$329,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2170

Airbnb ROI: N/A

Traditional ROI: 4.06%

214 N Grover Ave

Alma, MI

2 beds | 1 baths | 936 sq.ft.

$88,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.04%

Airbnb Rental Income: $null

Traditional Rental Income: $1056

Airbnb ROI: N/A

Traditional ROI: 8.04%

1510 Luce Ct

Alma, MI

3 beds | 2 baths | 1,780 sq.ft.

$350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.44%

Airbnb Rental Income: $null

Traditional Rental Income: $1771

Airbnb ROI: N/A