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 NEW ROOF on the house! NEWLY AVAILABLE ONCE AGAIN! Welcome to this delightful 3-bedroom, 1...	3 beds \| 2 baths \| 1,400 sq.ft.	$168,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.26% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 7.26%
811 N River Avenue Alma, MI Spacious 5-bedroom, 2-bath home conveniently located in town. This property features recen...	5 beds \| 2 baths \| 1,948 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.43% Airbnb Rental Income: $null Traditional Rental Income: $850 Airbnb ROI: N/A Traditional ROI: 2.43%
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.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.78% Airbnb Rental Income: $null Traditional Rental Income: $1800 Airbnb ROI: N/A Traditional ROI: 11.78%
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.	$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%
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 Totally new inside and out just 5 miles from town!! Move in and not do a thing for years t...	3 beds \| 2 baths \| 1,320 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 3.81%
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.	$146,900	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $1352 Airbnb ROI: N/A Traditional ROI: 7%
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.	$169,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.74% Airbnb Rental Income: $null Traditional Rental Income: $1760 Airbnb ROI: N/A Traditional ROI: 6.74%
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%
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%
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.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.95% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 8.95%
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.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.15% Airbnb Rental Income: $null Traditional Rental Income: $2077 Airbnb ROI: N/A Traditional ROI: 8.15%
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%
421 Prospect Avenue Alma, MI With life changes comes great opportunities. This amazing 3 unit that's generating almost ...	5 beds \| 4 baths \| 3,900 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.43% Airbnb Rental Income: $null Traditional Rental Income: $2473 Airbnb ROI: N/A Traditional ROI: 10.43%
1035 Eastward Street Alma, MI This cozy 2-bedroom, 1-1/2 bathroom home is the perfect opportunity for anyone looking for...	2 beds \| 2 baths \| 1,134 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 4.35%
302 E Marshall Street Alma, MI This cozy and efficient tiny home sits perched on a gentle hill on a desirable corner lot,...	2 beds \| 1 baths \| 750 sq.ft.	$127,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.18% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 5.18%
127 S State Street Alma, MI Welcome to this 3-bedroom, 1-bath home in the heart of Alma, offering approximately 1,470 ...	3 beds \| 1 baths \| 1,470 sq.ft.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.06% Airbnb Rental Income: $null Traditional Rental Income: $1657 Airbnb ROI: N/A Traditional ROI: 9.06%
256 Rockingham Avenue Alma, MI Completely Renovated from Top to Bottom. This stunning home was taken down to the studs an...	2 beds \| 1 baths \| 880 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 3.91%
520 Moyer Avenue Alma, MI Welcome home to 520 Moyer. Featuring 4 bedrooms and 2 bathrooms, this home offers ample sp...	4 beds \| 2 baths \| 1,296 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.99% Airbnb Rental Income: $null Traditional Rental Income: $1594 Airbnb ROI: N/A Traditional ROI: 8.99%
205 Westview Drive Alma, MI Here's your second chance! (Buyer's financing fell through shorlty before closing). Gorge...	4 beds \| 3 baths \| 2,436 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.43% Airbnb Rental Income: $null Traditional Rental Income: $1594 Airbnb ROI: N/A Traditional ROI: 3.43%
256 Ely Street Alma, MI Great Investment Opportunity in Alma! This 2-story triplex offers a total of approximatel...	5 beds \| 3 baths \| 2,080 sq.ft.	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.34% Airbnb Rental Income: $null Traditional Rental Income: $760 Airbnb ROI: N/A Traditional ROI: 3.34%
535 Hayes Avenue Alma, MI Step into charm and comfort with this beautifully updated two-story home just minutes from...	2 beds \| 2 baths \| 850 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.53% Airbnb Rental Income: $null Traditional Rental Income: $969 Airbnb ROI: N/A Traditional ROI: 5.53%
126 Holiday Alma, MI GREAT STARTER INVESTMENT PROPERTY!! Here's where it makes sense to begin building equity a...	4 beds \| 2 baths \| 1,320 sq.ft.	$87,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $760 Airbnb ROI: N/A Traditional ROI: 4.88%
706 S Lincoln Avenue Alma, MI Looking for an updated home on almost three acres with picturesque country sunsets. Great,...	3 beds \| 2 baths \| 1,573 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $2137 Airbnb ROI: N/A Traditional ROI: 6.31%
424 Fairlane Drive Alma, MI Check out this fantastic 3-bedroom, 2-bathroom brick ranch that is walking distance to Alm...	3 beds \| 2 baths \| 2,381 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $2539 Airbnb ROI: N/A Traditional ROI: 5.69%
224 Rockingham Avenue Alma, MI This lovingly-maintained, move-in ready home combines the warmth of old-house charm with t...	3 beds \| 1 baths \| 1,560 sq.ft.	$154,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.27% Airbnb Rental Income: $null Traditional Rental Income: $1735 Airbnb ROI: N/A Traditional ROI: 9.27%
313 E Hillcrest Street Alma, MI 3 bed 1.5 bath home with a 2-car garage with finished office or yoga studio. Home feature...	3 beds \| 2 baths \| 1,104 sq.ft.	$146,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.18% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 10.18%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $1691 Airbnb ROI: N/A Traditional ROI: 4%
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 36 properties for sale in the city of Alma . The median list price in Alma is $155,000 and the average price per square foot is $96. In December 2025, the average monthly cash on cash return in Alma is 8.00%. The average monthly rental income in Alma is $1,766.

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

There are 36 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.

$168,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1561

Airbnb ROI: N/A

Traditional ROI: 7.26%

811 N River Avenue

Alma, MI

5 beds | 2 baths | 1,948 sq.ft.

$180,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.43%

Airbnb Rental Income: $null

Traditional Rental Income: $850

Airbnb ROI: N/A

Traditional ROI: 2.43%

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.

$125,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1800

Airbnb ROI: N/A

Traditional ROI: 11.78%

5811 N Luce Road

Alma, MI

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

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%

1310 Rosedale Street

Alma, MI

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