Listed by Seth Pfaehler • The McGrady Group, LLC. Bought with EXIT Realty HGM.
Off Market Dec 2025 for $675K
$729,006
Est. refi paymentEst. refi$4,262/mo
8
bd
•
4 ba
•
—
sq ft
4650 Hayes Rd, Madison, WI 53704
About this home
Public Remarks: 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.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
95 ft.
Lot depth
130 ft.
Lot size
0.28 Acres
Year renovated
1986
Sq. Ft.
4,205
Year built
1986
Style
Multi-Family (5+ Unit)
County
Dane County
APN
081022301056
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 6, 2026.
SR-V2
Suburban Residential-Varied 2 District
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types, typically located in the outlying parts of the City, and to promote and encourage a suitable environment for family life while accommodating a full range of life-cycle housing. The districts are also intended to; Ensure that new buildings and additions to existing buildings are designed with sensitivity to their context in terms of building placement, facade width, height and proportions, garage and driveway placement, landscaping, and similar design features; Maintain and improve the viability of existing housing of all types, while encouraging the updating of older housing in a context-sensitive manner; Maintain or increase compatibility between residential and other allowed uses, and between different housing types, where permitted, by maintaining consistent building orientation and parking placement and screening; Facilitate the preservation, development or redevelopment goals of the comprehensive plan and of adopted neighborhood, corridor or special area plans.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Communications tower
Park & open space
Property details
Parking
Parking Information
Parking: 1 Space
Garage Information
# of Garage Parking Spaces (Total): 1
Garage: 1 Car, Attached, Opener Included
Interior
Interior Features
Water Softener, High Speed Internet
Room Information
None/Slab
Multi-Unit Information
# of Units: 4
Unit 1 Information
Sq. Ft.: 1,040
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Dining Area Description: Level - Main
Dining Area Dimensions: 9 x 9
Unit 2 Information
Sq. Ft.: 1,040
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Master Bedroom Description: Main Level
Master Bedroom Dimensions: 14 x 11
Bedroom 2 Description: Main Level
Bedroom 2 Dimensions: 10 x 12
Living/Great Room Dimensions: 20 x 11
Kitchen Description: Main Level
Kitchen Dimensions: 9 x 8
Dining Area Description: Level - Main
Dining Area Dimensions: 9 x 9
Unit 3 Information
Sq. Ft.: 1,040
# of Baths (Full): 1
# of Bedrooms: 2
Unit 4 Information
Sq. Ft.: 1,040
# of Bedrooms: 2
# of Baths (1/2): 0
# of Baths (Full): 1
Exterior
Building Information
Building Type: Apartment Building, 2 Story
Stories: 1-2
Exterior
Exterior: Vinyl, Brick
Property Information
Stories: 1-2
Multi-Family
Improvement Value: $436,000
Information Source Year Built: Assessor/Public Record
Lot Information
Lot Acreage: 0.28
Zoning: SR-V2
Financial
Assessment Information
Land Assessment Value: $114,000
Total Assessment: $550,000
Tax Information
Total Taxes: $9,325
Tax Year: 2023
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters, Separate Gas Meters
Heating/Cooling: Radiant/Electric
Electric
Location
Neighborhood Information
Municipality: MADISON
Municipality Type: City
School Information
School District: Madison
Elementary School: Sandburg
Middle School: Sherman
High School: East
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 4,205
Stories: 2.0
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: 1986
Year Renovated: 1986
County: Dane County
APN: 081022301056
Home facts updated by county records on Aug 6, 2026