




310 W Superior St, Alma, MI, 48801
About This Home
Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.
Getting Around
Schools
Construction
Condition
- Year built: 1967
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- None,Cable TV,High Speed Internet
- Fireplace features: None
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 5134478400
- Attached to another structure: Yes
- Zoning description: Residential,Multi-Family
- Other equipment: Dish TV
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Waterfront features: None
Lot
- Lot size: 10,018 sqft
- Lot size dimensions: 91 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
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Inland Flooding
- Hail
- Ice Storm
- Lightning
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 | $955 | $11,460 |
| Home Insurance * | $156 | $1,872 |
| Property Taxes | $173 | $2,076 |
| Electricity | $188 | $2,259 |
| Total | $1,472 | $17,664 |
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 |
|---|---|---|
| 2026-07-29 | Listed for sale | $189,000 |
| 1998-03-10 | Sold | $85,000 |
For Sale by Agent
