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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1030 Eastward St Alma, MI This Spacious 3 Bedroom 2 Bath home just might be the one for you.... Located on a very la...	3 beds \| 2 baths \| 1,240 sq.ft.	$134,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.34% Airbnb Rental Income: $null Traditional Rental Income: $1835 Airbnb ROI: N/A Traditional ROI: 11.34%
739 California Street Alma, MI Welcome to 739 California! This home is set up currently as a 3 Bedroom 1.5 Bath home, but...	3 beds \| 2 baths \| 1,687 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.82% Airbnb Rental Income: $null Traditional Rental Income: $2218 Airbnb ROI: N/A Traditional ROI: 10.82%
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%
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.	$337,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.86% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 3.86%
5811 N Luce Rd Alma, MI Discover 2,200 sq. ft. of luxurious, single-level living in this fully renovated brick exe...	3 beds \| 2 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%
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.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 5.48%
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%
1310 Rosedale St 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 Rd 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.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 3.79%
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.	$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%
990 Glencoe Rd Alma, MI Welcome home to this charming 3-bedroom, 1.5-bath ranch in the City of Alma offering 1,475...	3 beds \| 1 baths \| 1,000 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.82% Airbnb Rental Income: $null Traditional Rental Income: $2084 Airbnb ROI: N/A Traditional ROI: 7.82%
726 Pennsylvania Ave Alma, MI This beautifully updated 2-bedroom, 1-bathroom home offers modern living just minutes from...	2 beds \| 1 baths \| 1,050 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $1352 Airbnb ROI: N/A Traditional ROI: 7.16%
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.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.22% Airbnb Rental Income: $null Traditional Rental Income: $1760 Airbnb ROI: N/A Traditional ROI: 7.22%
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.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $1533 Airbnb ROI: N/A Traditional ROI: 8.72%
4893 N Winans Rd Alma, MI Vintage Centennial Farmstead with unique buildings. This property is a diamond in the rou...	3 beds \| 1 baths \| 1,750 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 9.16%
916 N River Ave Alma, MI Step into this move-in ready 3 bedroom, 1.5 bath Dutch Colonial that blends charm with con...	3 beds \| 1 baths \| 1,238 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.15% Airbnb Rental Income: $null Traditional Rental Income: $1883 Airbnb ROI: N/A Traditional ROI: 10.15%
131 Moyer Ave Alma, MI Back available with new updates installed! Welcome to this charming 3-bedroom, 1-bathroom ...	3 beds \| 1 baths \| 1,444 sq.ft.	$134,000	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%
1035 Eastward St Alma, MI This cozy 2-bedroom, 1-1/2 bathroom home is the perfect opportunity for anyone looking for...	2 beds \| 1 baths \| 1,134 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.78% Airbnb Rental Income: $null Traditional Rental Income: $1803 Airbnb ROI: N/A Traditional ROI: 10.78%
804 Hannah Avenue Alma, MI Charming 3-Bedroom Home Just Steps from Downtown Alma! Discover this inviting 3-bedroom, ...	3 beds \| 1 baths \| 1,060 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.7% Airbnb Rental Income: $null Traditional Rental Income: $1507 Airbnb ROI: N/A Traditional ROI: 9.7%
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.	$244,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $1877 Airbnb ROI: N/A Traditional ROI: 5.93%
520 Moyer Ave 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.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.15% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 9.15%
706 S Lincoln Ave Alma, MI Looking for an updated home on almost three acres with picturesque country sunsets. Great,...	3 beds \| 2 baths \| 1,573 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.45% Airbnb Rental Income: $null Traditional Rental Income: $2137 Airbnb ROI: N/A Traditional ROI: 6.45%
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%
5390 Pheasant Ct Alma, MI Set on a scenic waterfront parcel along the Pine River Channel in a highly sought-after Ar...	5 beds \| 3 baths \| 5,330 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $4554 Airbnb ROI: N/A Traditional ROI: 6.53%
1028 Euclid Alma, MI This 2-bedroom home sits on two spacious lots that back up to the Euclid ballfields, offer...	2 beds \| 1 baths \| 713 sq.ft.	$109,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.6% Airbnb Rental Income: $null Traditional Rental Income: $1332 Airbnb ROI: N/A Traditional ROI: 9.6%
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%
421 E Hillcrest Street Alma, MI Welcome to 421 Hillcrest..... You may not find another home that is this well-kept and mai...	4 beds \| 2 baths \| 2,200 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 5.76%
107 Moyer Avenue Alma, MI Welcome home to this charming 3-bedroom, 1-bath just outside of downtown Alma. Recently up...	3 beds \| 1 baths \| 924 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.38% Airbnb Rental Income: $null Traditional Rental Income: $1470 Airbnb ROI: N/A Traditional ROI: 8.38%
602 N Mill St Alma, MI Welcome to a unique opportunity in the heart of Alma! This charming 2-bedroom, 1-bath home...	2 beds \| 1 baths \| 1,068 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $1010 Airbnb ROI: N/A Traditional ROI: 3.09%
346 N Grover Street Alma, MI This well-maintained 1-bedroom, 1-bath home offers efficient living with pride of ownershi...	1 beds \| 1 baths \| 560 sq.ft.	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $792 Airbnb ROI: N/A Traditional ROI: 5.77%
512 S Grover Ave Alma, MI This inviting 3 bedroom, 1 bath home offers a comfortable main floor layout with great nat...	3 beds \| 1 baths \| 1,500 sq.ft.	$164,730	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $1603 Airbnb ROI: N/A Traditional ROI: 8.52%
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%
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%
124 S State St Alma, MI Charming 1.5 Story Home in the Heart of Alma! Discover this beautifully maintained 1.5 st...	2 beds \| 1 baths \| 938 sq.ft.	$157,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.39% Airbnb Rental Income: $null Traditional Rental Income: $1506 Airbnb ROI: N/A Traditional ROI: 7.39%
755 Mill Street Alma, MI 4 bedroom ranch remodeled home near downtown and Alma College. Full finished walk out bas...	4 beds \| 3 baths \| 2,100 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 8% Airbnb Rental Income: $null Traditional Rental Income: $2653 Airbnb ROI: N/A Traditional ROI: 8%
201 Grafton Avenue Alma, MI Welcome home to this well-maintained three-bedroom ranch with a finished basement, situate...	3 beds \| 2 baths \| 1,332 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.5% Airbnb Rental Income: $null Traditional Rental Income: $1972 Airbnb ROI: N/A Traditional ROI: 9.5%
421 Prospect Ave Alma, MI With life changes comes great opportunities. This amazing 3 unit that's generating almost ...	5 beds \| 4 baths \| 3,900 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.74% Airbnb Rental Income: $null Traditional Rental Income: $2473 Airbnb ROI: N/A Traditional ROI: 11.74%
822 N River Ave Alma, MI Check out this listing on Alma's north side! This 4-bedroom home was completely remodeled ...	4 beds \| 1 baths \| 1,499 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.25% Airbnb Rental Income: $null Traditional Rental Income: $1747 Airbnb ROI: N/A Traditional ROI: 10.25%

Real Estate investment in Alma, MI

There are 55 properties for sale in the city of Alma . The median list price in Alma is $149,900 and the average price per square foot is $87. In March 2026, the average monthly cash on cash return in Alma is 8.00%. The average monthly rental income in Alma is $1,771.

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

There are 55 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

1030 Eastward St

Alma, MI

3 beds | 2 baths | 1,240 sq.ft.

$134,900

Airbnb cash on cash: N/A

Traditional cash on cash: 11.34%

Airbnb Rental Income: $null

Traditional Rental Income: $1835

Airbnb ROI: N/A

Traditional ROI: 11.34%

739 California Street

Alma, MI

3 beds | 2 baths | 1,687 sq.ft.

$164,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.82%

Airbnb Rental Income: $null

Traditional Rental Income: $2218

Airbnb ROI: N/A

Traditional ROI: 10.82%

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%

258 Ruby Ct

Alma, MI

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

$337,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2170

Airbnb ROI: N/A

Traditional ROI: 3.86%

5811 N Luce Rd

Alma, MI

3 beds | 2 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%

214 N Grover Ave

Alma, MI

2 beds | 1 baths | 936 sq.ft.

$119,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1056

Airbnb ROI: N/A

Traditional ROI: 5.48%

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

Traditional ROI: 2.44%

1310 Rosedale St

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