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%
516 Yale Avenue Alma, MI Charming ranch home in a highly desirable location just one block from Alma College! This ...	3 beds \| 1 baths \| 1,060 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1542 Airbnb ROI: N/A Traditional ROI: 7.35%
913 Pine Ave Alma, MI Brand new construction in the City of Alma! 3 bedroom/1 bath home built with quality and e...	3 beds \| 1 baths \| 1,166 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.46% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 8.46%
800 Ely Street Alma, MI This charming 3 bedroom, 1.5 bathroom home offers comfortable living in a quaint neighborh...	3 beds \| 2 baths \| 1,070 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.63% Airbnb Rental Income: $null Traditional Rental Income: $1832 Airbnb ROI: N/A Traditional ROI: 11.63%
804 Woodworth Avenue Alma, MI Step into this charming turn-of-the-century two-story home offering nearly 1,900 square fe...	4 beds \| 2 baths \| 1,891 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.86% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 10.86%
523 Liberty Alma, MI Welcome to this charming 3 bedroom, 2 bath home on a corner lot in Alma. From the inviting...	3 beds \| 2 baths \| 1,246 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.93% Airbnb Rental Income: $null Traditional Rental Income: $1885 Airbnb ROI: N/A Traditional ROI: 7.93%
623 N State St Alma, MI Large Victorian home in Alma featuring many modern updates and awaiting your finishing tou...	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%
937 Riverview Dr Alma, MI This inviting, move-in ready 3-bedroom, 2-bath riverfront home with an attached garage and...	3 beds \| 1 baths \| 1,954 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.04% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 7.04%
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.	$336,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 3.95%
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.	$102,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.83% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 6.83%
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%
730 N River Alma, MI Welcome home to this well-maintained 3-bedroom, 1-bath property thatâs truly ready for y...	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%
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%
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.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $1877 Airbnb ROI: N/A Traditional ROI: 6.22%
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.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $2305 Airbnb ROI: N/A Traditional ROI: 3.53%
0 Kali Ln #30 Alma, MI 0 Kali Ln #30, Alma, MI 48801 \| Single Family Residential	3 beds \| 2 baths \| 1,932 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.11% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 3.11%
0 Lakeside Dr #19 Alma, MI 0 Lakeside Dr #19, Alma, MI 48801 \| Single Family Residential	3 beds \| 2 baths \| 1,634 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $2046 Airbnb ROI: N/A Traditional ROI: 2.44%
277 Gemstone Dr #6 Alma, MI 277 Gemstone Dr #6, Alma, MI 48801 \| Single Family Residential	3 beds \| 2 baths \| 1,428 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $1981 Airbnb ROI: N/A Traditional ROI: 3.95%
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%
1700 Piper Place #E Alma, MI Enjoy low-maintenance living with high-end amenities in this well-kept two-bedroom condo i...	2 beds \| 2 baths \| 1,060 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $1542 Airbnb ROI: N/A Traditional ROI: 4.66%
1700 Piper Pl Alma, MI 1700 Piper Pl, Alma, MI 48801 \| Condo/Coop	2 beds \| 1 baths \| 1,060 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.21% Airbnb Rental Income: $null Traditional Rental Income: $1091 Airbnb ROI: N/A Traditional ROI: 2.21%
348 N Grover Ave Alma, MI Welcome home to this charming 2-bedroom, 1-bathroom home in Alma thatâs truly move-in re...	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%
309 Grant Avenue Alma, MI As you head up a short Â½ block from Alma College Campus on Grant Ave, you'll find a 2 sto...	3 beds \| 2 baths \| 1,458 sq.ft.	$188,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.48% Airbnb Rental Income: $null Traditional Rental Income: $2058 Airbnb ROI: N/A Traditional ROI: 8.48%
526 Hannah Ave Alma, MI This updated 4-bedroom, 2-bath home has recently been flipped and is move-in ready. Major ...	4 beds \| 2 baths \| 1,448 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.05% Airbnb Rental Income: $null Traditional Rental Income: $2102 Airbnb ROI: N/A Traditional ROI: 11.05%
218 Fleming Drive Alma, MI Beautifully appointed 5-bedroom, 2-bath residence offering an exceptional blend of space, ...	5 beds \| 2 baths \| 2,233 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.05% Airbnb Rental Income: $null Traditional Rental Income: $2571 Airbnb ROI: N/A Traditional ROI: 6.05%
3500 Kali Ln Alma, MI New construction on a spacious half-acre lot just outside of Alma. This thoughtfully desig...	3 beds \| 2 baths \| 1,634 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2846 Airbnb ROI: N/A Traditional ROI: 5.01%
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.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.42% Airbnb Rental Income: $null Traditional Rental Income: $1387 Airbnb ROI: N/A Traditional ROI: 8.42%
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%
604 S Rockingham Ave Alma, MI Welcome home to this beautifully remodeled bi-level in a great neighborhood in the City of...	4 beds \| 2 baths \| 1,380 sq.ft.	$219,043	Airbnb cash on cash: N/A Traditional cash on cash: 7.46% Airbnb Rental Income: $null Traditional Rental Income: $2038 Airbnb ROI: N/A Traditional ROI: 7.46%
158 Jade Court Alma, MI Welcome to this beautifully built 2022 home located in one of Almaâs growing and develop...	3 beds \| 3 baths \| 1,514 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.86% Airbnb Rental Income: $null Traditional Rental Income: $2472 Airbnb ROI: N/A Traditional ROI: 4.86%
1700 Piper Pl #E Alma, MI 1700 Piper Pl #E, Alma, MI 48801 \| Condo/Coop	2 beds \| 1 baths \| 1,060 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $1088 Airbnb ROI: N/A Traditional ROI: 2.19%
6410 W Madison Rd Alma, MI Fully Remodeled Country Home on 2 Acres â Near Alma! First time on the market in decades...	3 beds \| 2 baths \| 2,163 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 6.43%
7818 N Luce Road Alma, MI Located just minutes outside Alma, in a very desirable stretch on Luce road is this 3 Bedr...	3 beds \| 3 baths \| 2,649 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.98% Airbnb Rental Income: $null Traditional Rental Income: $2984 Airbnb ROI: N/A Traditional ROI: 8.98%
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.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $3008 Airbnb ROI: N/A Traditional ROI: 8.84%
133 Allen Avenue Alma, MI This beautiful 4-bedroom, 2-bathroom home is perfectly nestled in a serene neighborhood, p...	4 beds \| 2 baths \| 1,364 sq.ft.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.92% Airbnb Rental Income: $null Traditional Rental Income: $2061 Airbnb ROI: N/A Traditional ROI: 10.92%
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.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.86% Airbnb Rental Income: $null Traditional Rental Income: $2309 Airbnb ROI: N/A Traditional ROI: 6.86%
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.	$332,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.51% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 7.51%

Real Estate investment in Alma, MI

There are 56 properties for sale in the city of Alma . The median list price in Alma is $141,450 and the average price per square foot is $85. In June 2026, the average monthly cash on cash return in Alma is 10.00%. The average monthly rental income in Alma is $1,728.

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

There are 56 investment properties available for sale in Alma.

In 2026, the best neighborhood to buy investment property is 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

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%

516 Yale Avenue

Alma, MI

3 beds | 1 baths | 1,060 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1542

Airbnb ROI: N/A

Traditional ROI: 7.35%

913 Pine Ave

Alma, MI

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

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.46%

Airbnb Rental Income: $null

Traditional Rental Income: $1748

Airbnb ROI: N/A

Traditional ROI: 8.46%

800 Ely Street

Alma, MI

3 beds | 2 baths | 1,070 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1832

Airbnb ROI: N/A

Traditional ROI: 11.63%

804 Woodworth Avenue

Alma, MI

4 beds | 2 baths | 1,891 sq.ft.

$179,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2377

Airbnb ROI: N/A

Traditional ROI: 10.86%

523 Liberty

Alma, MI

3 beds | 2 baths | 1,246 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.93%

Airbnb Rental Income: $null

Traditional Rental Income: $1885

Airbnb ROI: N/A

Traditional ROI: 7.93%

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%

937 Riverview Dr

Alma, MI

3 beds | 1 baths | 1,954 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2715

Airbnb ROI: N/A