$4,249,000

629 W Maple Rd Clawson, MI 48017

Estimated payment $25,177/month

-- Bed
-- Bath
25,000 Sq Ft
$170 Price per Sq Ft

About This Home

Turnkey investment opportunity in the heart of Clawson! Z on Maple Apartments is a well-maintained 25-unit multifamily asset featuring 24 spacious 2-bedroom units and 1 oversized 3-bedroom unit, with unit sizes ranging from approximately 925–1,200 square feet. The property is currently operating at ~92% occupancy and offers immediate upside through rental increases to market rates. Recent capital improvements include new roofs (within the last 2 years), updated electrical panels, parking lot reseal, and approximately 90% of units renovated over the past decade, minimizing near-term capital expenditures. Tenants enjoy updated interiors with vinyl flooring, granite countertops, modern cabinetry, and on-site laundry, along with ample parking and strong in-place demand. The property benefits from a highly desirable location along Maple Road with convenient access to Troy, Royal Oak, and Birmingham, placing it in one of Metro Detroit’s strongest rental corridors. With projected NOI growth and below-market rents compared to surrounding properties, this asset presents a compelling value-add opportunity with strong cash flow and long-term appreciation potential. Sale Includes 8 Townhomes located at 649 W. Maple, adjacent to subject property.

Listing Agent

Mark Zawaideh

EXP Z Real Estate License #6506043253 Listed on: 03/27/2026

EXP Z Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

Year Built

  • Built in 1958

Lot Details

  • 16,117 Sq Ft Lot
  • Lot Dimensions are 340 x 167
  • Zoning described as Commercial

Home Design

  • 25,000 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Asphalt Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Basement

Community Details

  • 25 Units
  • Assrs 3 Clawson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2033201064

Property Details

Property Type

Other

Est. Annual Taxes

$28,328

Year Built

Built in 1958

Lot Details

0.37 Acres

Listing Details

  • Property Type: CommercialSale
  • Year Built: 1958
  • Current Use: MultiFamily
  • State Equalized Value: 604810.00
  • Property Sub Type: RealEstateOnly
  • LotSizeAcres: 0.37
  • Co List Office Mls Id: 411894
  • Above Grade Finished Sq Ft: 25000.00
  • Living Area: 25000.00
  • ClassName: CommercialSale
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block, Poured
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Roof: Asphalt

Garage/Parking

  • Garage: No

Utilities

  • Cooling: WallWindowUnits
  • Heating: Baseboard, HotWater
  • Sewer: PublicSewer
  • Water Source: Public

Fee Information

  • Operating Expense: 166709.00

Schools

  • Junior High Dist: Clawson

Lot Info

  • Lot Dimensions: 340 x 167
  • Parcel Number: 2033201064
  • Land Lease Expiration Date: 2026-12-31
  • Zoning Description: Commercial

Rental Info

  • Percent Leased: 92
  • Monthly Rental Income: 34545.00

Tax Info

  • Tax Amount Summer: 27465.00
  • Tax Amount Winter: 863.00
  • Tax Annual Amount: 28328.00

Multi Family

  • Gross Scheduled Income: 439361.00
  • Number Of Units Total: 25
  • Above Grade Finished Area Units: SquareFeet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,465 $604,810 $0 $0
2024 $25,955 $554,550 $0 $0
2023 $24,836 $513,730 $0 $0
2022 $24,640 $447,690 $0 $0
2021 $24,056 $407,060 $0 $0
2020 $23,420 $397,560 $0 $0
2019 $23,865 $367,440 $0 $0
2017 $20,168 $318,410 $0 $0
2015 -- $285,470 $0 $0
2014 -- $279,040 $0 $0
2011 -- $294,920 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/27/2026 03/27/26 For Sale $4,249,000 0.0% $170 / Sq Ft
06/04/2018 06/04/18 Rented $1,100 0.0% --
05/30/2018 05/30/18 Under Contract -- -- --
05/18/2018 05/18/18 For Rent $1,100 -- --
Source: Realcomp

Source: Realcomp

MLS Number: 20261019861

Realcomp
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