Turnkey Clawson Multifamily
For Sale
$4,249,000
629 W Maple Rd, Clawson, MI 48017
Well-maintained 25-unit apartment complex with upside potential.
Property Size25,000 SF
Price / SF$3,540
Days on Market115
Property Features for 629 W Maple Rd
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$28,328
Building Details
Building Size
25,000 SF
Year Built
1958
Units
25
Listing Agency:
EXP Z Real Estate
(248) 937-1337
Listed By:
Mark Zawaideh · License #6506043253
(248) 937-1337
Source:
Elliman
Added: Apr 26
Changed: Aug 8
Last Checked: Aug 17 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Z Real Estate
Investment Insights
Based on property information with market context.
Z on Maple Apartments presents a turnkey investment opportunity located in Clawson. This well-maintained multifamily asset features 25 units, including 24 two-bedroom units and one oversized three-bedroom unit. Unit sizes range from approximately 925 to 1,200 square feet. The property is operating at approximately 92% occupancy and offers potential for rental increases to market rates. Capital improvements include new roofs installed within the last two years, updated electrical panels, parking lot resealing, and renovation of approximately 90% of the units over the past decade. Unit interiors feature updated vinyl flooring, granite countertops, and modern cabinetry. On-site laundry facilities are available for tenants. Ample parking is provided. The property is located along Maple Road, providing convenient access to Troy, Royal Oak, and Birmingham, placing it in one of Metro Detroit’s rental corridors. This asset offers a value-add opportunity with cash flow and long-term appreciation potential. The sale includes 8 townhomes located at 649 W. Maple, adjacent to the subject property.
Key Highlights
- Turnkey investment opportunity with 25 units, featuring 24 two‑bedroom and 1 three‑bedroom units, currently operating at approximately 92% occupancy.
- Significant recent capital improvements including new roofs (within 2 years), updated electrical panels, and parking lot reseal.
- Approximately 90% of units renovated in the last decade with vinyl flooring, granite countertops, and modern cabinetry.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 48017, MI
11,353
Population
5,827
Households
1.9
Avg Household Size
39
Median Age
44%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,160
Density / Sq Mi
$86,935
Median Household Income
$62,650
Median Earnings
$1,255
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 25-unit apartment complex with upside potential.
Where is this apartment building located?
The property is located at 629 W Maple Rd Clawson, MI.
What is the asking price?
The asking price for this property is $4,249,000.
What are key features of this property?
This property features: Turnkey investment opportunity with 25 units, featuring 24 two‑bedroom and 1 three‑bedroom units, currently operating at approximately 92% occupancy.; Significant recent capital improvements including new roofs (within 2 years), updated electrical panels, and parking lot reseal.; Approximately 90% of units renovated in the last decade with vinyl flooring, granite countertops, and modern cabinetry.
