Listed by Jonathan Poletti • Haven Real Estate Partners (608-213-8242).
For sale
$850,000
Est. $5,431/mo —
12
bd
•
6 ba
•
—
sq ft
4706 Jenewein Rd, Madison, WI 53711
About this home
Excellent opportunity to own a well-maintained 4-unit property in one of the strongest multifamily markets in the country. This property offers a rare and preferred 3 Bedroom, 1.5 Bath Units with a proven rental history, stable occupancy, and room to increase rents providing both immediate cash flow and future upside. Tenants love having a private 1 car garage and the convenient location. One unit is currently vacant, an ideal opportunity for an owner-occupant or an investor seeking additional rental income. The vacant unit has been updated and is in excellent condition. Major improvements have already been completed, including newer roof and gutters, newer driveway, and recent retaining wall work. Tenants pay all their own utilities, helping keep operating expenses low. A true turnkey, low-maintenance investment with no major capital expenditures anticipated, ready for its next owner.
Multi-familyProperty Type
1967Year Built
9,583 sq ftLot Size
1 car garageParking
Listed by Jonathan Poletti• Haven Real Estate Partners
Allied, located between McKee Rd and the Beltline (US-12/18), is a residential and park-adjacent Fitchburg neighborhood with mid-century streetscapes and a greenbelt feel. The neighborhood’s energy concentrates around the McKee Rd and Allied Dr corridor, where everyday errands cluster beside steady traffic and bus stops. Nearby pillars include the Fitchburg Public Library, the Fitchburg Senior Center, and the Fitchburg Community Center. Housing reads as practical ranches and split-levels with mature trees and deep setbacks. Sidewalks and short blocks connect to pocket parks and the Capital City State Trail. The landscape shifts from neighborhood streets to wetlands and open fields at the edges.
Provided by Walk Score and Local Logic
Market insights
4706 Jenewein Rd · $850,000
DAYS ON MARKET
84 days
The average home goes pending in 28 days.
SALE-TO-LIST
98.4%
Most homes are selling 2% below list price.
LIST PRICE
$850,000
Median list price in this area is $532,110. (37% lower than this home)
PRICE DROP
0 price drops
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
High-speed internet
Bedrooms
Four units each with 3 bedrooms
Bathrooms
Each unit has 1 full bath and 1 half bath
Kitchen
Each unit includes a stove/oven and a microwave
Each unit includes a refrigerator
Laundry & utility
Building includes 4 washers and 4 dryers
Separate electric meters
Separate gas meters
Heating & cooling
Radiant electric heating
Natural gas fuel
Each unit has a wall air conditioning unit
Exterior features
Vinyl and brick exterior
0.22-acre lot
Zoned SR-V1
Home design
Multi-family property
2-story building
Parking
One outside parking space
Attached 1-car garage with opener (1 garage parking space)
Construction
Vinyl and brick construction
Utilities
Municipal water
Municipal sewer
Financial info
Improvement value listed (public record)
Separate meters for electricity and gas for unitized billing
Other
Includes 4 wall AC units
Inclusions: 4 washers, 4 dryers, 4 stoves/ovens, 4 microwaves, 4 refrigerators, 4 wall AC units
Exclusions: seller and tenant personal property
Electricity and solar
View estimated energy costs and solar savings for this home
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
Sep 5, 2019 • Final
Repair or replace building
Roofing
Feb 9, 2005 • Final
Permitting/building/repairreplace/hvac
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Madison, WI • 53711
Average low and high temperatures (°F)
26
11
35
18
52
31
61
41
71
48
81
61
84
66
80
62
78
56
66
46
47
34
32
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4706 Jenewein Rd
$814,051
$36K under list price of $850K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $530K to $1.1M.