Active

Price cut: $15K (9/5)

$614,900

701 Pinecrest Dr, Madison, WI 53714

6beds

3,000sqft

$4,120/mo

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Apartment

Built in 1957

-- sqft lot

$598,500 Zestimate^®

$205/sqft

$-- HOA

What's special

FULLY Occupied! Turn-key cash-flow on Madison’s East Side! This all-brick 4-unit building offers immediate rental income and low-maintenance upkeep. All four units are already leased through mid-2027, providing rock-solid stability from day one. Every unit features durable, turnover-friendly hard-surface flooring throughout (no carpet to replace!). Conveniently located near parks, dining, and transit. A rare, high-performing addition to your portfolio! **Boiler Heat.

--: on Zillow
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18: saves

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Other

Cooling

Air Conditioning (Unit 1), Air Conditioning (Unit 2), Air Conditioning (Unit 3), Air Conditioning (Unit 4)

Appliances

Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4), Water Softener Owned
Laundry: Common Area

Features

Eat In Kitchen (Unit 1), Eat In Kitchen (Unit 2), Eat In Kitchen (Unit 3), Eat In Kitchen (Unit 4)
Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2), Wood or Simulated Wood (Unit 3), Wood or Simulated Wood (Unit 4)
Basement: Full

Interior area

Total structure area: 3,000
Total interior livable area: 3,000 sqft

Property

Parking

Total spaces: 8
Parking features: Outside, Parking Lot, Paved
Details: Outside

Features

Levels: Two
Patio & porch: Balcony/Patio (Unit 3), Balcony/Patio (Unit 4)

Lot

Size: 8,712 Square Feet
Features: Near Public Transit

Details

Parcel number: 081032421076
Zoning: TR-V1

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Brick, Stone

Condition

Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate elec meters

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $205/sqft
Tax assessed value: $470,800
Annual tax amount: $8,692
Date on market: 7/7/2026
Inclusions: 4 stoves, 4 refrigerators, 4 garbage disposals, 1 washer, 1 dryer
Exclusions: Seller/Tenant Personal Property
Total actual rent: 54168

Estimated market value

$598,500

$569,000 - $628,000

$1,887/mo

Price history

Date	Event	Price
9/5/2026	Price change	$614,900-2.4%$205/sqft
Source: SCWMLS #2027442 Report a problem
7/7/2026	Listed for sale	$629,900+131.6%$210/sqft
Source: SCWMLS #2027442 Report a problem
4/28/2017	Listing removed	$800
Source: Wisconsin Management Company Inc. Report a problem
3/3/2017	Listed for rent	$800
Source: Wisconsin Management Company Inc Report a problem
12/7/2005	Sold	$272,000$91/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,216 +38.6%	$470,800 +42.7%
2023	$6,649	$330,000 +10%
2022	--	$300,000 -2%
2021	--	$306,000 +5.2%
2020	--	$291,000 +5.1%
2019	$6,165	$277,000 -0.1%
2018	$6,165 +6.2%	$277,200 +9.9%
2017	$5,805 +6.1%	$252,200 +5%
2016	$5,471 +6%	$240,200 +11.1%
2014	$5,160 -17%	$216,200
2013	$6,213 +14.6%	$216,200 -4.8%
2012	$5,422 +5.1%	$227,200
2011	$5,158 +3.6%	$227,200
2010	$4,979 -2.7%	$227,200 -9.9%
2009	$5,116 +5%	$252,200
2008	$4,872 -1.7%	$252,200
2007	$4,955 -0.3%	$252,200
2006	$4,969 +2.4%	$252,200 +8%
2005	$4,853 +0.8%	$233,500 +7.9%
2004	$4,816 +10.3%	$216,500
2003	$4,365 +3.8%	$216,500 +20.7%
2002	$4,206 -4.6%	$179,300
2001	$4,408 +0.1%	$179,300 +3%
2000	$4,405	$174,100