316 Euclid Ave, Alma, MI, 48801
About This Home
Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1949
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Frame,Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
Features
- None,Cable TV,High Speed Internet
- Window features: Blinds
- Fireplace features: None
Heating
- Heating features: Forced Air,Wall Furnace,Natural Gas
Interior Area
- Total structure area: 1,290
- Total interior livable area: 1,290 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 5103202300
- Attached to another structure: Yes
- Zoning description: Multi-Family,Rental History
Features
- Levels: Two
- Stories: 2
- Patio & porch: Screened
- Waterfront features: None
Lot
- Lot size: 0.25 Acres
- Lot size dimensions: 66 x 165
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Strong Wind
- Tornado
- Cold Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Gratiot County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $753 | $9,036 |
| Home Insurance * | $123 | $1,476 |
| Property Taxes | $136 | $1,632 |
| Electricity | $188 | $2,259 |
| Total | $1,200 | $14,400 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-03 | Listed for sale | $149,000 |
| 2012-06-22 | Sold | $175,000 |
| 2004-05-17 | Sold | $66,000 |
For Sale by Agent
View on Zillow