4638 Hayes Road

Madison WI 53704

2080 sq. ft.

0.28 ac.

Multi-Family

Last sold for $700,000

Seth Pfaehler, last sold this property on 05 September 2025 after -90 days on market.

Overview

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.

Features

8 bedrooms

4 bathrooms

1 carspace

1 garage space

2080 sq. ft. floor area

0.28 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Madison over the last 12 months, the estimated median property value of 4638 Hayes Road is $720k.

Median value

$720k

Estimated value range

$665k - $3.6m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Madison. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4638 Hayes Road

2025

Sold

$700,000

05 Sep 2025 by Seth Pfaehler, of The McGrady Group, LLC

Happy sellers in Madison

We have insufficient information to provide an overview of customer satisfaction for Madison. Viewing the agent profiles, reviews and sales for Madison can provide insights for this location.