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.

Single Family Homes for Sale in Alma, MI

Search for Single Family Residential for Sale in Alma, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 49 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
247 Gemstone Drive Alma, MI New construction in the City of Alma. This 3-bedroom home offers an open layout designed f...	3 beds \| 3 baths \| 1,325 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 3.47%
516 Yale Ave 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%
5340 Blue Heron Dr Alma, MI Welcome to this beautifully remodeled riverfront retreat, tucked at the end of a quiet cul...	3 beds \| 2 baths \| 2,880 sq.ft.	$364,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.16% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 3.16%
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 \| 1,152 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 6.78%
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 Ave Alma, MI Step into this charming turn-of-the-century two-story home offering nearly 1,900 square fe...	4 beds \| 1 baths \| 1,891 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.25% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 10.25%
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 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%
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: 10.14% Airbnb Rental Income: $null Traditional Rental Income: $1954 Airbnb ROI: N/A Traditional ROI: 10.14%
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 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: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $2170 Airbnb ROI: N/A Traditional ROI: 3.93%
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.	$109,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 6.38%
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%
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%
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%
916 N River Ave Alma, MI Great news! Back on the market and ready for its next owner--here's your second chance. Mo...	3 beds \| 1 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%
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.	$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.	$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%
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%
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: 7.73% Airbnb Rental Income: $null Traditional Rental Income: $1670 Airbnb ROI: N/A Traditional ROI: 7.73%
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: 8.25% Airbnb Rental Income: $null Traditional Rental Income: $1486 Airbnb ROI: N/A Traditional ROI: 8.25%
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 Ave 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 \| 1 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: 8.83% Airbnb Rental Income: $null Traditional Rental Income: $2211 Airbnb ROI: N/A Traditional ROI: 8.83%
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: 7.12% Airbnb Rental Income: $null Traditional Rental Income: $2723 Airbnb ROI: N/A Traditional ROI: 7.12%
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.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.25% Airbnb Rental Income: $null Traditional Rental Income: $2102 Airbnb ROI: N/A Traditional ROI: 10.25%
548 E Van Buren Rd Alma, MI Welcome home! This farm house sits quietly on almost two acres tucked away from the busy w...	3 beds \| 1 baths \| 1,854 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.75% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 8.75%
218 Fleming Dr Alma, MI Beautifully appointed 5-bedroom, 2-bath residence offering an exceptional blend of space, ...	5 beds \| 2 baths \| 2,233 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $2571 Airbnb ROI: N/A Traditional ROI: 5.8%
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.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.79% Airbnb Rental Income: $null Traditional Rental Income: $1387 Airbnb ROI: N/A Traditional ROI: 7.79%
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: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 4.97%
8221 N Rich Rd Alma, MI This home has been extensively updated and thoughtfully improved over the years. Major ext...	3 beds \| 2 baths \| 1,750 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.13% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 6.13%
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%
905 Iowa Street Alma, MI Welcome home to this well-cared-for tri-level offering space, comfort, and a prime locatio...	5 beds \| 3 baths \| 2,235 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.04% Airbnb Rental Income: $null Traditional Rental Income: $2921 Airbnb ROI: N/A Traditional ROI: 9.04%
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%
901 Riverview Alma, MI EXCEPTIONALLY MAINTAINED SINGLE OWNER HOME WITH PRIVATE RIVER FRONTAGE. PROFESSIONALY LAND...	4 beds \| 3 baths \| 2,449 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.88% Airbnb Rental Income: $null Traditional Rental Income: $3364 Airbnb ROI: N/A Traditional ROI: 9.88%
121 E End Street Alma, MI Step into timeless elegance with this charming Victorian home in Alma, where classic chara...	4 beds \| 2 baths \| 1,907 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.15% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 3.15%
1154 Woodmere Street Alma, MI Spacious and well-maintained 3-bedroom, 1 1/2 bath home offering 1,570 sq ft on the main l...	3 beds \| 2 baths \| 1,953 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $2498 Airbnb ROI: N/A Traditional ROI: 6.82%

Your search for investment property begins and ends here

Single Family Homes for Sale in Alma, MI

247 Gemstone Drive

Alma, MI

3 beds | 3 baths | 1,325 sq.ft.

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 3.47%

516 Yale Ave

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%

5340 Blue Heron Dr

Alma, MI

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

$364,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.16%

Airbnb Rental Income: $null

Traditional Rental Income: $1824

Airbnb ROI: N/A

Traditional ROI: 3.16%

913 Pine Ave

Alma, MI

3 beds | 1 baths | 1,152 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1748

Airbnb ROI: N/A

Traditional ROI: 6.78%

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 Ave

Alma, MI

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

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2377

Airbnb ROI: N/A

Traditional ROI: 10.25%

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 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