Looking for a turnkey investment opportunity? Olive Tree Residences presents a shovel-ready multifamily condominium development opportunity in Fitchburg, WI. PDD/SIP zoning approval was granted and recorded September 2025, providing certainty for the approved 20-unit program. Plans call for 2?3 bedroom units (approx. 1,700?2,500 SF) with 2.5?3.5 baths and attached 2-car garages?well positioned for strong absorption in a high-demand market. Significant entitlement, permitting, and due-diligence work has already been completed: all public utility permits (erosion control, stormwater, MMSD, WI DNR), Phase I ESA, geotechnical report, asbestos/mold remediation, and full site demolition/clearing. Engineering is complete; CAD files available. Construction bid interest secured. Recently combined parcels are approx. 2.28 acres. Significant upfront risk mitigated?ready for execution and capital deployment.
Active
$1,500,000
2735 Rimrock Road, Fitchburg, WI 53713
--beds
--baths
2.28Acres
Unimproved Land
Built in ----
2.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 52 days |
- 74 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Rachel Kvasnica Pref:608-575-6428,
Pinnacle Real Estate Group LLC,
Inkwell Realty Team 608-571-3583,
Pinnacle Real Estate Group LLC
Source: WIREX MLS,MLS#: 2021347
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Property
Lot
- Size: 2.28 Acres
- Features: 5+ Unit Lot, Sidewalks, Level, Wooded, Can not be divided
Details
- Parcel number: 070936393303
- Zoning: Res
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Electricity Connected, Phone Connected, Cable Connected
Community & HOA
Location
- Region: Madison
- Municipality: Fitchburg
Financial & listing details
- Tax assessed value: $144,400
- Annual tax amount: $2,528
- Date on market: 4/22/2026
- Listing terms: Sell in Entirety
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,330/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $1,500,000 |
Source:  WIREX MLS #2021347 Report a problem | ||
| 4/21/2026 | Listing removed | $1,500,000 |
Source: WIREX MLS #2016317 Report a problem | ||
| 2/13/2026 | Listed for sale | $1,500,000+200% |
Source: WIREX MLS #2016317 Report a problem | ||
| 11/10/2022 | Sold | $500,000-9.1% |
Source: WIREX MLS #1892459 Report a problem | ||
| 9/1/2022 | Contingent | $550,000 |
Source: WIREX MLS #1892459 Report a problem | ||
| 8/3/2022 | Listed for sale | $550,000-7.6% |
Source: WIREX MLS #1892459 Report a problem | ||
| 5/2/2018 | Listing removed | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 3/14/2018 | Listed for sale | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 5/8/2017 | Listing removed | $595,000 |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/5/2017 | Listed for sale | $595,000+6.3% |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/1/2015 | Listing removed | $559,900 |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 8/15/2014 | Price change | $559,900-2.6% |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 7/22/2014 | Listed for sale | $575,000+154.5% |
Source: Greater Madison Realty, LLC, dba RE/MAX Preferred #1713150 Report a problem | ||
| 12/12/2006 | Sold | $225,900 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,236 -13.3% | $72,200 |
| 2023 | $1,426 +3.5% | $72,200 +4.9% |
| 2022 | $1,378 +2.7% | $68,800 |
| 2021 | $1,342 -6.9% | $68,800 |
| 2020 | $1,442 -0.8% | $68,800 |
| 2019 | $1,453 0% | $68,800 |
| 2018 | $1,453 +0.5% | $68,800 |
| 2017 | $1,445 -5% | $68,800 |
| 2016 | $1,521 +0.9% | $68,800 |
| 2015 | $1,507 -0.2% | $68,800 |
| 2014 | $1,510 | $68,800 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | $1,817 -3.4% | $40,000 |
| 2005 | $1,881 | $40,000 |
| 2004 | $1,881 +0.6% | $40,000 |
| 2003 | $1,871 -8.2% | $40,000 |
| 2002 | $2,037 -2.3% | $40,000 |
| 2001 | $2,085 +1.4% | $40,000 |
| 2000 | $2,056 | $40,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Moorland-Rimrock
Nearby schools
GreatSchools rating
- 4/10Southside Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 3.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Middle: Sennett
- High: Lafollette
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Wisconsin
- Dane County
- Madison
- 53713
- Moorland-Rimrock
- 2735 Rimrock Road
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Nearby neighborhoods
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