$700,000

4650 Hayes Rd Madison, WI 53704

Greater Sandburg Neighborhood

Estimated payment $4,610/month

Total Views 5,213
-- Bed
-- Bath
4,160 Sq Ft
$168 Price per Sq Ft

Highlights

  • Wood Flooring
  • Balcony
  • Bathroom on Main Level
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Property is near a bus stop

About This Home

This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. Roof replaced – 2011, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced.

Listing Agent

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 06/25/2025

Co-Listing Agent

Matt McGrady

The McGrady Group, LLC License #53795-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,325

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Garage
  • 6 Open Parking Spaces
  • Garage Door Opener
  • Driveway Level

Schools

  • Sandburg Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 4 Units
  • Net Operating Income $32,925

Listing and Financial Details

  • Assessor Parcel Number 0810-223-0105-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,325

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Active
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Tenants personal items
  • Items Included: Refrigerator(4), Range/Ovens(4), Dishwashers(4), Washers(4), Dryers(4), Wall A/C(4)
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable
  • Noi Year: 2024
  • Year Built: 1986
  • Reso Accessibility Features: First floor bedroom, First floor full bath, Level drive, Level lot
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Heaters: 4
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 4
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached, 1 space, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 21945

Schools

  • School District: Madison
  • Elementary School: Sandburg
  • Middle School: Sherman
  • High School: East
  • Elementary School: Sandburg
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.28
  • Zoning: SR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 54870

Tax Info

  • Land Assessment: 114000
  • Improvements: 436000
  • Total Assessment: 550000
  • Assessment year: 2024
  • Net Taxes: 9325
  • Tax Year: 2023
  • Assessor Parcel Number: 0810-223-0105-6

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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
2024 $19,306 $550,000 $114,000 $436,000
2023 $9,325 $515,000 $107,000 $408,000
2021 $8,600 $404,000 $88,000 $316,000
2020 $8,998 $404,000 $88,000 $316,000
2019 $8,605 $385,000 $88,000 $297,000
2018 $8,165 $366,000 $87,900 $278,100
2017 $7,830 $339,000 $87,900 $251,100
2016 $8,047 $339,000 $79,900 $259,100
2015 $7,743 $323,000 $79,900 $243,100
2014 $7,747 $323,000 $79,900 $243,100
2013 $7,710 $314,000 $79,900 $234,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $700,000 -- $168 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2002933

South Central Wisconsin Multiple Listing Service

APN: 0810-223-0105-6

Wisconsin Dane County Madison 53704 Greater Sandburg

4650 Hayes Rd, Madison, WI

This home is located at 4650 Hayes Rd, Madison, WI 53704 and is currently priced at $700,000, approximately $168 per square foot. This property was built in 1986. 4650 Hayes Rd is a home located in Dane County with nearby schools including Sandburg Elementary School, Sherman Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Seth Pfaehler
Listing Agent
Seth Pfaehler
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The McGrady Group, LLC
(608) 766-8361