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310 W Superior St, Alma, MI, 48801

3beds
3baths
1,700sqft
$189,000
$111price/sqft
$1,472/moest. monthly cost
$58,880/yrincome needed

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

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

8/10
6/10
4/10
Alma Senior High SchoolGrades 9-121.0 mi

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
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Cold Wave
Inland Flooding
Hail
Ice Storm
Lightning

FEMA Declared Disasters in Gratiot County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $955$11,460
Home Insurance *$156$1,872
Property Taxes $173$2,076
Electricity $188$2,259
Total$1,472$17,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,468/yr
40% on housing$44,160/yr
45% on housing$39,253/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$111This listing

vs Other Active Listings

Avg $/sqft

ZIP 48801$101
Gratiot County$109

vs Homes Sold Last Month

Median $/sqft

ZIP 48801$138
Gratiot County$109

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

DateEventPrice
2026-07-29Listed for sale$189,000
1998-03-10Sold$85,000

For Sale by Agent

AgentMicah Kemler
Brokerage43 NORTH REALTY

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