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
1030 Eastward Street 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%
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.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.85% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 8.85%
217 W End Street Alma, MI This 4 bedroom, 2 bath home is located close to downtown, Alma College, and parks. The fen...	4 beds \| 2 baths \| 1,700 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.1% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 8.1%
5340 Blue Heron Drive Alma, MI Welcome to this beautifully remodeled riverfront retreat, tucked at the end of a quiet cul...	3 beds \| 3 baths \| 2,880 sq.ft.	$374,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.05% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 3.05%
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.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.69% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 10.69%
309 S State Street Alma, MI Located in Alma, this move-in-ready home offers 3 bedrooms and a bath with a tiled walk-in...	3 beds \| 1 baths \| 1,023 sq.ft.	$172,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.65% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 8.65%
623 N State Street Alma, MI Large Victorian home in Alma featuring many modern updates and awaiting your finishing tou...	4 beds \| 3 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%
615 Wright Avenue Alma, MI Located right in the heart of Alma, walking distance from downtown and right on the doorst...	3 beds \| 2 baths \| 1,344 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.29% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 9.29%
115 S State Street Alma, MI You will love the character of this home from the moment you step inside. Abundant natural...	3 beds \| 1 baths \| 2,144 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.41% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 9.41%
258 Ruby Court 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: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 3.93%
214 N Grover Avenue Alma, MI Available via XOME online auction! Charming 2-bedroom corner-lot home in the City of Alma...	2 beds \| 1 baths \| 936 sq.ft.	$114,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 6.02%
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%
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%
990 Glencoe Road Alma, MI Welcome home to this charming 3-bedroom, 1.5-bath ranch in the City of Alma offering 1,475...	3 beds \| 2 baths \| 1,475 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.28% Airbnb Rental Income: $null Traditional Rental Income: $2084 Airbnb ROI: N/A Traditional ROI: 8.28%
267 W Lincoln Road 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.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $1890 Airbnb ROI: N/A Traditional ROI: 4.97%
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%
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.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.22% Airbnb Rental Income: $null Traditional Rental Income: $1803 Airbnb ROI: N/A Traditional ROI: 11.22%
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%
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.	$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%
5390 Pheasant Court Alma, MI Set on a scenic waterfront parcel along the Pine River Channel in a highly sought-after Ar...	5 beds \| 4 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%
124 S State Street Alma, MI Charming 1.5 Story Home in the Heart of Alma! Discover this beautifully maintained 1.5 st...	2 beds \| 2 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%
920 Ely Street Alma, MI Well-maintained 3-bedroom, 1-bath home featuring a bonus loft that offers flexible space f...	3 beds \| 1 baths \| 1,178 sq.ft.	$144,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.04% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 10.04%
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.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.87% Airbnb Rental Income: $null Traditional Rental Income: $1010 Airbnb ROI: N/A Traditional ROI: 0.87%
4820 W Lincoln Road Alma, MI This country one-story home sits on a peaceful half acre but is less than two minutes from...	3 beds \| 1 baths \| 1,592 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 8.68%
711 Mechanic Street Alma, MI Located walking distance to Alma College and Downtown Alma is 711 Mechanic. This 3 Bedroom...	3 beds \| 1 baths \| 1,000 sq.ft.	$134,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.86% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 10.86%
711 Rockingham Avenue Alma, MI Fully remodeled and move-in ready! This clean, all main-level home sits on the quiet edge ...	2 beds \| 1 baths \| 780 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $1010 Airbnb ROI: N/A Traditional ROI: 4.37%
348 N Grover Avenue 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: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $1010 Airbnb ROI: N/A Traditional ROI: 4.73%
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.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 6.61%
720 Wright Avenue Alma, MI Comfort, updates, and space to enjoyâinside and out. This well-maintained 2-bedroom, 2-b...	2 beds \| 2 baths \| 2,301 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.5% Airbnb Rental Income: $null Traditional Rental Income: $1010 Airbnb ROI: N/A Traditional ROI: 2.5%
980 Glencoe Road Alma, MI Welcome to this beautifully updated home in one of Almaâs most desirable, family-friendl...	3 beds \| 3 baths \| 2,252 sq.ft.	$299,043	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 3.93%
3927 W Tyler Road Alma, MI Totally new inside and out just 3 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: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 3.91%
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.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 9.3%
916 N River Avenue Alma, MI	3 beds \| 2 baths \| 1,302 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.14% Airbnb Rental Income: $null Traditional Rental Income: $1883 Airbnb ROI: N/A Traditional ROI: 10.14%
131 Moyer Avenue 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: 10.41% Airbnb Rental Income: $null Traditional Rental Income: $1704 Airbnb ROI: N/A Traditional ROI: 10.41%
421 Prospect Avenue Alma, MI With life changes comes great opportunities. This amazing 3 unit that's generating almost ...	5 beds \| N/A baths \| N/A	$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%
303 Elizabeth Street Alma, MI Great Multifamily Investment Opportunity! Fully remodeled gorgeous white farmhouse style ...	N/A beds \| N/A baths \| 1,710 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.38% Airbnb Rental Income: $null Traditional Rental Income: $781 Airbnb ROI: N/A Traditional ROI: 1.38%
404 W Center Street Alma, MI Century-old character with charm and comfort. This 3-bedroom, 1.5-bath home offers the wa...	3 beds \| 2 baths \| 1,440 sq.ft.	$152,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.56% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 9.56%

Real Estate investment in Alma, MI

There are 38 properties for sale in the city of Alma . The median list price in Alma is $139,000 and the average price per square foot is $83. In April 2026, the average monthly cash on cash return in Alma is 9.00%. The average monthly rental income in Alma is $1,641.

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

There are 38 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

1030 Eastward Street

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%

516 Yale Avenue

Alma, MI

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

$170,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 8.85%

217 W End Street

Alma, MI

4 beds | 2 baths | 1,700 sq.ft.

$150,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.1%

Airbnb Rental Income: $null

Traditional Rental Income: $1521

Airbnb ROI: N/A

Traditional ROI: 8.1%

5340 Blue Heron Drive

Alma, MI

3 beds | 3 baths | 2,880 sq.ft.

$374,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 3.05%

800 Ely Street

Alma, MI

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

$139,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 10.69%

309 S State Street

Alma, MI

3 beds | 1 baths | 1,023 sq.ft.

$172,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.65%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 8.65%

623 N State Street

Alma, MI

4 beds | 3 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%

615 Wright Avenue

Alma, MI

3 beds | 2 baths | 1,344 sq.ft.

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.29%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A