2938-2940 Traceway Dr

Madison, WI 53713

$475,000
Price
6
Beds
2,800 Sq. Ft.
$170 / Sq. Ft.
2,800
Sq. Ft.
$170
per Sq. Ft.
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Description

Showings to begin @ Open Houses 3/28-3/29. Excellent investment opportunity that actually cash flows!? This spacious duplex is tucked just behind Leopold Elementary school and just down the road from Aldo Leopold park which includes a community garden, pump track and some manicured nature paths! With shopping nearby and easy access to the Beltline and bus routes, this property has great rental demand!Showings to begin @ Open Houses 3/28-3/29. Excellent investment opportunity that actually cash flows!? This spacious duplex is tucked just behind Leopold Elementary school and just down the road from Aldo Leopold park which includes a community garden, pump track and some manicured nature paths! With shopping nearby and easy access to the Beltline and bus routes, this property has great rental demand!
  1. Listed by Andrew Genin • Realty Executives Cooper Spransy • andrew@elevatepropertieswi.com

Property Details for 2938-2940 Traceway Drive

Zoning
Res
LISTING UPDATED: 03/28/2026 02:59 PM

Property Details for 2938-2940 Traceway Drive

StatusActive
MLS #2018285
Days on Market4
Taxes$6,481 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex-side by side
Year Built1980
Lot Size0.25 AC / 10,890 SF
CountyDane County
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Location

Listing Courtesy of Realty Executives Cooper Spransy
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Building Information for 2938-2940 Traceway Drive

Stories-Residences2Year Built1980Building Size-Lot Size0.25 AC / 10,890 SF

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$2,845 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,305

Property Taxes

$540

HOA Dues

$0

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Property Information for 2938-2940 Traceway Drive

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: Fish Hatchery South of Beltline, Right on Traceway Dr
  • Location: MADISON - C W18
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53713
Parking
  • Park/Unit: 1 stall garage, Attached
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 1
School Information
  • Elementary: Leopold
  • High School: West
  • Middle School: Cherokee Heights
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $6,481.00
  • Parcel ID: 0609-032-0305-2
  • Tax Year: 2024
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 298100
  • Land Assess: $109,800.00
  • Legal Documents: Lease(s) on file, Condition report on file
  • Miscellaneous: Close to bus line, Internet - Cable
  • Total Assess: $407,900.00
  • Total Assess Year: 2025
  • Type: Duplex-side by side
  • Year Built: 1980
Lot Information
  • Estimated Total Acres: 0.25
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Steel
Interior Features
  • Items Included: 2 range/ovens, 2 refrigerators, 2 dishwashers, 1 washer, 1 dryer
  • Items Excluded: Tenants personal property
  • Number of Dish Washers: 2
  • Number of Dryers: 1
  • Number of Furnaces: 2
  • Number of Stoves: 2
  • Number of Refrigerators: 2
  • Number of Washers: 1
  • Number of Water Heaters: 2
  • Number of Water Softeners: 0
  • Basement: Full, Full size windows/Exposed, Partially finished
  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 2
Multi Family
Unit Information
  • Number of Units w/AC: 2
  • Number of Units: 2
Income & Expenses Information
  • Total Income: $42,720
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: No
  • Unit 1: Family/Rec rm,Eat-in kitchen,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,In-unit laundry,Wood or sim. wood floor,Private basement
  • U1 Parking: 1 Car Garage
  • U1 Number of Bedrooms: 3
  • U1 Full Baths: 1
  • U1 Half Baths: 1
  • U1 SqFt: 1400
  • Unit 1 Bedroom 3 Level: L
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Other Room Level: L
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimensions: 1X1
  • Unit 1 Bedroom 3 Dimensions: 1X1
  • Unit 1 Kitchen Dimensions: 1X1
  • Unit 1 Living/Great Room Dimensions: 1X1
  • Unit 1 Primary BedRoom Dimensions: 1X1
  • Unit 1 Other Room Dimensions: 1X1
  • Unit 1 Other Room: Family/Rec Room
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: No
  • Unit 2: Family/Rec rm,Eat-in kitchen,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Wood or sim. wood floor,In-unit laundry,Private basement
  • U2 Parking: 1 Car Garage
  • Unit 2 Bedroom 2 Level: M
  • Unit 2 Bedroom 3 Level: L
  • Unit 2 Kitchen Level: M
  • Unit 2 Living/Great Rm Level: M
  • Unit 2 Primary BedRm Level: M
  • Unit 2 Bedroom 2 Dimensions: 1X1
  • Unit 2 Bedroom 3 Dimensions: 1X1
  • Unit 2 Kitchen Dimensions: 1X1
  • Unit 2 Living/Great Rm Dimensions: 1X1
  • Unit 2 Primary BedRm Dimensions: 1X1
  • U2 Number of Bedrooms: 3
  • U2 Full Baths: 1
  • U2 Half Baths: 1
  • U2 SqFt: 1400

Property History for 2938-2940 Traceway Drive

DateEvent & SourcePriceAppreciation
Mar 26, 2026

Listed (Active)

SCWMLS #2018285

$475,000—
Aug 15, 2016

Sold

SCWMLS #1781076

—
Jul 13, 2016

Pending

SCWMLS #1781076

—
Jul 11, 2016

Listed (Active)

SCWMLS #1781076

$204,900—
DateEvent & SourcePrice
03/26/2026

Listed (Active)

SCWMLS #2018285

$475,000
08/15/2016

Sold

SCWMLS #1781076

—
07/13/2016

Pending

SCWMLS #1781076

—
07/11/2016

Listed (Active)

SCWMLS #1781076

$204,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2938-2940 Traceway Drive

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Leopold Elementary School
Public - PK to 5
Cherokee Heights Middle School
Public - 6 to 8
West High School
Public - 9 to 12
James Wright Middle School
Public - 6 to 8
Rating
School
Distance
Leopold Elementary School
PublicPK to 5

Cherokee Heights Middle School
Public6 to 8

West High School
Public9 to 12

James Wright Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2938-2940 Traceway Drive, Madison, WI 53713

2938-2940 Traceway Drive is a multi-family home for sale in Madison, WI 53713. This property was listed for sale on March 26, 2026 by Realty Executives Cooper Spransy, it's currently listed at $475,000. It has been on the market for a total of 4 days and was last sold on August 15, 2016. This listing's school district is Madison Metropolitan School District. Nearby schools include Leopold Elementary School, Cherokee Heights Middle School and West High School. 2938-2940 Traceway Drive is a 6-bed, 4-bath, 2,800 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Executives Cooper Spransy

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/28/2026 02:59 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved