701 Pinecrest Dr Madison, WI 53714
Carpenter-Ridgeway NeighborhoodEstimated payment $4,106/month
Highlights
- Wood Flooring
- Eat-In Kitchen
- Central Air
- Balcony
- Property is near bus stop
- Water Softener is Owned
About This Home
Turn-key cash-flow on Madison’s East Side! This all-brick 4-unit building offers immediate rental income and low-maintenance upkeep. 3 of 4 units are already leased through mid-2027, providing rock-solid stability from day one. The final unit is vacant and open for immediate viewing—perfect for a house-hack or placing a new tenant at current market rates. Every unit features durable, turnover-friendly hard-surface flooring throughout (no carpet to replace!). Conveniently located near parks, dining, and transit. A rare, high-performing addition to your portfolio! **Boiler Heat.
Listing Agent
Design Realty LLC Brokerage Phone: 920-819-2158 License #58008-90 Listed on: 07/06/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,692
Year Built
- Built in 1957
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Stone Exterior Construction
Interior Spaces
- 2-Story Property
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Oven or Range
Parking
- 8 Open Parking Spaces
- Driveway Level
- Outside Parking
Schools
- Hawthorne Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Central Air
- Separate Meters
- Water Softener is Owned
Additional Features
- Balcony
- Property is near bus stop
Community Details
- 4 Units
- Laundry Facilities
- Net Operating Income $36,784
Listing and Financial Details
- Assessor Parcel Number 0810-324-2107-6
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,692 | $470,800 | $85,000 | $385,800 |
| 2023 | $5,944 | $330,000 | $77,000 | $253,000 |
| 2022 | $11,720 | $300,000 | $70,000 | $230,000 |
| 2021 | $6,493 | $306,000 | $64,000 | $242,000 |
| 2020 | $6,459 | $291,000 | $64,000 | $227,000 |
| 2019 | $6,169 | $277,000 | $64,000 | $213,000 |
| 2018 | $6,165 | $277,200 | $63,400 | $213,800 |
| 2017 | $5,955 | $252,200 | $63,400 | $188,800 |
| 2016 | $7,050 | $240,200 | $60,400 | $179,800 |
| 2015 | $5,471 | $216,200 | $60,400 | $155,800 |
| 2014 | $5,160 | $216,200 | $60,400 | $155,800 |
| 2013 | $6,213 | $216,200 | $60,400 | $155,800 |
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 |
|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $629,900 | -- | $210 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2027442
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.
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Ask me questions while you tour the home.