SoldSep 5, 2025

Listed by Seth Pfaehler and Matthew McGrady from The McGrady Group, LLC

Bought with Brian Lawton from EXIT Realty HGM

Source: Wisconsin Real Estate Exchange #803963572092

4638 Hayes Road, Madison, WI, 53704

$700,000

8
4
1
2080 sq. ft.
0.28 ac.

MultiFam

Sold: Sep 5, 2025

What's around 4638 Hayes Road

About this property

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.

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