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$700,000
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Property Description
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.
Full Property Details
Full Property Details for 4638 Hayes Rd
General
- Sold For: $700,000
- Taxes: $9,325 (2023)
- Status: Closed
- Type: Apartment
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2002935
- Added to Site: 235 day(s) ago
Interior
- Interior Features: Water Softener, High-Speed Internet
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Parking Features: 1 Space
- Garage Description: 1 Car, Attached, Opener Included
Location
- Municipality: Madison
- County: Dane
- Driving Directions: I-39N/I-90W. Continue on I-39N/I-90W to Madison. Turn right onto Service Ln, Turn right onto E Wash Ave Frontage Rd, Continue onto Hayes Rd
School Information
- School District: Madison
- Elementary School: Sandburg
- Middle School: Sherman
- High School: East
Heating & Cooling
- Heating Fuel: Electric
- Heating/Cooling: Radiant/Electric
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters, Separate Gas Meters
Structural Information
- Description/Design: Apartment Building, 2 Stories
- Exterior Const.: Vinyl, Brick
- Basement Desc.: None/Slab
- Year Built: 1986
Unit Information
- Units in Building: 4
Unit 1
- Square Feet: 1040
- Bedrooms: 2
Unit 2
- Square Feet: 1040
- Bedrooms: 2
- Primary Bedroom: Main Level, 14 x 11
- Bedroom 2: Main Level, 10 x 12
- Living Room: Main Level, 20 x 11,
- Kitchen: Main Level, 9 x 8,
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: SR-V2
Financial Considerations
- Tax Amount: $9,325
- Tax Year: 2023
Disclosures and Reports
- Exclusions: Tenants personal items
- Inclusions: Refrigerator(4), Range/Ovens(4), Dishwashers(4), Washers(4), Dryers(4), Wall A/C(4)
Listed by The McGrady Group, LLC
Sold by EXIT Realty HGM
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Schools
Schools serving 4638 Hayes Rd
School District:Madison Metropolitan School District
| Name | Grades | Distance |
|---|---|---|
Sandburg Elementary School, Madison, WI 4114 Donald Drive, Madison, WI 53704 | PK-5 | 0.6 mi |
Sherman Middle School 1610 Ruskin Street, Madison, WI 53704 | 6-8 | 3.3 mi |
East High School, Madison, WI 2222 East Washington Avenue, Madison, WI 53704 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4638 Hayes Rd
Date
Details
Price
Change
Source
9/05/2025
Sold
$700,000
—
MLS
6/25/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4638 Hayes Road, Madison, WI 53704 (MLS# 2002935) is a Apartment property that was sold at $700,000 on September 05, 2025. Want to learn more about 4638 Hayes Road? Do you have questions about finding other Apartment real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

