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For sale
    • $629,900

    701 Pinecrest Dr, Madison, WI 53714

    6beds
    3,000sqft
    : 
    $4,130/mo
    Get pre-qualified
    Apartment
    Built in 1957
    -- sqft lot
    $604,000 Zestimate®
    $210/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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Janssen,

    Design Realty LLC

    Source: SCWMLS,MLS#: 2027442

      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: $210/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

        $604,000

        $574,000 - $634,000

        $1,897/mo

        Price history

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

        Public tax history

        YearProperty taxesTax 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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
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        Climate risks

        Neighborhood: Carpenter-Ridgeway

        Getting around

        61 / 100
        Somewhat Walkable
        40 / 100
        Some Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hawthorne
        • Middle: OKeeffe
        • High: East
        • District: Madison

        Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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