$4,249,000 for Sale
629 w maple, commerce twp, MI 48017
Property Description
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 925â??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.
General Information
Sale Price: $4,249,000
Price/SqFt: $266
Status: Active
MLS#: 269
City: clawson
Post Office: commerce twp
County: Oakland
Acres: 0.37
Lot Dim: 340 x 167
Size: 15,975 sq.ft.
Acreage: 0.37 est.
Year Built: 19
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes: $27,465
Est. Winter Taxes: $863

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Mark Zawaideh of EXP Z Real Estate
This listing last updated: Fri, March 27, 2026 at 12:47:40 PM EDT
MIRealSource Listing Data Last Updated On Wednesday, April 1 2026 at 10:45pm