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
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.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 9% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 9%
108 Grove Ave Alma, MI This home has been so loved and is move-in ready for it's new family! Lots of updates thr...	3 beds \| 2 baths \| 1,689 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.81% Airbnb Rental Income: $null Traditional Rental Income: $2132 Airbnb ROI: N/A Traditional ROI: 8.81%
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%
1215 Rosedale St Alma, MI YOUR WAIT IS OFFICIALLY OVER!! Come see this freshly remodeled ranch style home nestled in...	2 beds \| 1 baths \| 927 sq.ft.	$124,043	Airbnb cash on cash: N/A Traditional cash on cash: 7.69% Airbnb Rental Income: $null Traditional Rental Income: $1311 Airbnb ROI: N/A Traditional ROI: 7.69%
321 S State St Alma, MI BURSTING WITH POTENTIAL ON A GIGANTIC LOT!! Located in a quaint neighborhood on the southe...	2 beds \| 1 baths \| 2,053 sq.ft.	$139,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.94% Airbnb Rental Income: $null Traditional Rental Income: $1223 Airbnb ROI: N/A Traditional ROI: 5.94%
258 Ruby Ct Alma, MI Beautifully built ranch in the highly sought-after Gemstone Fields subdivision of Alma. Si...	3 beds \| 2 baths \| 2,716 sq.ft.	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.38% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 4.38%
1519 Eastward St Alma, MI Very convenient location on a corner lot. Original wood floors through most of the house....	2 beds \| 1 baths \| 1,192 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1425 Airbnb ROI: N/A Traditional ROI: 6.31%
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.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.9% Airbnb Rental Income: $null Traditional Rental Income: $1855 Airbnb ROI: N/A Traditional ROI: 1.9%
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.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.64% Airbnb Rental Income: $null Traditional Rental Income: $1571 Airbnb ROI: N/A Traditional ROI: 7.64%
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 \| 1,870 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%
422 W Center Alma, MI Rarely available 4-bedroom ranch in a highly desirable neighborhood near Alma College and ...	4 beds \| 1 baths \| 1,602 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.78% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 8.78%
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 \| 2,347 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.52% Airbnb Rental Income: $null Traditional Rental Income: $1841 Airbnb ROI: N/A Traditional ROI: 10.52%
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 \| 5,312 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.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $2305 Airbnb ROI: N/A Traditional ROI: 3.85%
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 \| 1,276 sq.ft.	$126,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.43% Airbnb Rental Income: $null Traditional Rental Income: $1307 Airbnb ROI: N/A Traditional ROI: 7.43%
5383 N Rich Rd Alma, MI Country living couldn't get much better than this 5-bedroom 3 bath 1400 sq ft home on almo...	5 beds \| 3 baths \| 2,800 sq.ft.	$354,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.4% Airbnb Rental Income: $null Traditional Rental Income: $3068 Airbnb ROI: N/A Traditional ROI: 6.4%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.96% Airbnb Rental Income: $null Traditional Rental Income: $3008 Airbnb ROI: N/A Traditional ROI: 9.96%
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.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $2670 Airbnb ROI: N/A Traditional ROI: 6.02%
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 \| 3,166 sq.ft.	$282,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.26% Airbnb Rental Income: $null Traditional Rental Income: $2161 Airbnb ROI: N/A Traditional ROI: 5.26%
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 \| 1,104 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.	$144,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.32% Airbnb Rental Income: $null Traditional Rental Income: $604 Airbnb ROI: N/A Traditional ROI: 1.32%
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.	$314,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.4% Airbnb Rental Income: $null Traditional Rental Income: $2441 Airbnb ROI: N/A Traditional ROI: 5.4%
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.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.8% Airbnb Rental Income: $null Traditional Rental Income: $1878 Airbnb ROI: N/A Traditional ROI: 9.8%
424 Center St Alma, MI Welcome to this stunning character-filled home offering approximately 3,000 square feet of...	5 beds \| 2 baths \| 3,560 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.34% Airbnb Rental Income: $null Traditional Rental Income: $2607 Airbnb ROI: N/A Traditional ROI: 9.34%
115 Golfside Dr Alma, MI 115 Golfside Dr, Alma, MI 48801 \| Single Family Residential	6 beds \| 5 baths \| 5,646 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.74% Airbnb Rental Income: $null Traditional Rental Income: $4760 Airbnb ROI: N/A Traditional ROI: 3.74%
509 Liberty St Alma, MI 509 Liberty St, Alma, MI 48801 \| Single Family Residential	4 beds \| 3 baths \| 2,780 sq.ft.	$174,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.71% Airbnb Rental Income: $null Traditional Rental Income: $2119 Airbnb ROI: N/A Traditional ROI: 9.71%
TBD N Luce Rd Alma, MI TBD N Luce Rd, Alma, MI 48801 \| Other	N/A beds \| N/A baths \| N/A	$49,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.65% Airbnb Rental Income: $null Traditional Rental Income: $649 Airbnb ROI: N/A Traditional ROI: 8.65%
310 W Superior St Alma, MI 310 W Superior St, Alma, MI 48801 \| Multi Family	N/A beds \| N/A baths \| 560 sq.ft.	$184,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.98% Airbnb Rental Income: $null Traditional Rental Income: $361 Airbnb ROI: N/A Traditional ROI: -0.98%
111 Penrith Ave Alma, MI 111 Penrith Ave, Alma, MI 48801 \| Single Family Residential	3 beds \| 2 baths \| 1,358 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.98% Airbnb Rental Income: $null Traditional Rental Income: $1710 Airbnb ROI: N/A Traditional ROI: 6.98%
4996 N Alger Rd Alma, MI 4996 N Alger Rd, Alma, MI 48801 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $1389 Airbnb ROI: N/A Traditional ROI: 3.84%

Real Estate investment in Alma, MI

There are 91 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 $91. In October 2026, the average monthly cash on cash return in Alma is 8.00%. The average monthly rental income in Alma is $1,747.

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

There are 91 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

913 Pine Ave

Alma, MI

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

$170,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9%

Airbnb Rental Income: $null

Traditional Rental Income: $1748

Airbnb ROI: N/A

Traditional ROI: 9%

108 Grove Ave

Alma, MI

3 beds | 2 baths | 1,689 sq.ft.

$205,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.81%

Airbnb Rental Income: $null

Traditional Rental Income: $2132

Airbnb ROI: N/A

Traditional ROI: 8.81%

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%

1215 Rosedale St

Alma, MI

2 beds | 1 baths | 927 sq.ft.

$124,043

Airbnb cash on cash: N/A

Traditional cash on cash: 7.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1311

Airbnb ROI: N/A

Traditional ROI: 7.69%

321 S State St

Alma, MI

2 beds | 1 baths | 2,053 sq.ft.

$139,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.94%

Airbnb Rental Income: $null

Traditional Rental Income: $1223

Airbnb ROI: N/A

Traditional ROI: 5.94%

258 Ruby Ct

Alma, MI

3 beds | 2 baths | 2,716 sq.ft.

$309,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2170

Airbnb ROI: N/A

Traditional ROI: 4.38%

1519 Eastward St

Alma, MI

2 beds | 1 baths | 1,192 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1425

Airbnb ROI: N/A