4868-4882 Innovation Dr

DeForest, WI 53532

$2,775,000
Price
12
Beds
7,400 Sq. Ft.
$375 / Sq. Ft.
7,400
Sq. Ft.
$375
per Sq. Ft.

Description

This is a fantastic opportunity to buy two newer 2015 custom designed and meticulously built and maintained 4 unit buildings with large townhome units. All 8 townhomes are 3 br / 2.5 ba / 1,850sf and have attached 2 car garages, covered porches, and in-unit laundry. Each townhome has a foyer entry, large living room and kitchen, dining room, and ½ bathroom on the 1st floor with 3 bedrooms, 2 bathrooms, and a laundry room on the 2nd floor. To make a condo conversion easier, all units are separately...This is a fantastic opportunity to buy two newer 2015 custom designed and meticulously built and maintained 4 unit buildings with large townhome units. All 8 townhomes are 3 br / 2.5 ba / 1,850sf and have attached 2 car garages, covered porches, and in-unit laundry. Each townhome has a foyer entry, large living room and kitchen, dining room, and ½ bathroom on the 1st floor with 3 bedrooms, 2 bathrooms, and a laundry room on the 2nd floor. To make a condo conversion easier, all units are separately metered, tenants pay all utilities, and there is a studded air gap between units for an increased sound barrier. These buildings are very easy to lease being across from Conservancy Park with a splash pad and close to walking trails with lots of green space. $17,430/mo in total monthly rents.
  1. Listed by Carson Brewer • ALTUS Commercial Real Estate, Inc.
  2. Listed by Mitch Marty • ALTUS Commercial Real Estate, Inc.

Property Details for 4868-4882 Innovation Drive

Zoning
PUD
LISTING UPDATED: 11/10/2025 07:28 PM

Property Details for 4868-4882 Innovation Drive

StatusActive
MLS #2011543
Days on Market59
Taxes$22,740 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built2015
CountyDane County

Location

Listing Courtesy of ALTUS Commercial Real Estate, Inc.
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Building Information for 4868-4882 Innovation Drive

Building/Complex4868-4882 Innovation DrFloor-Stories-Residences8Pet Policy-Pet Policy Details-Year Built2015Building Size-

Payment Calculator

$15,607 per month

30 year fixed, 6.28% Interest

Principal and Interest

$13,712

Property Taxes

$1,895

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4868-4882 Innovation Drive

Summary
Location and General Information
  • C/T/V: Village
  • County: Dane
  • County Qtr Section: Dane NE
  • Directions: Take Highway 51 to Windsor Rd, Go left on Conservancy Way, Then Right on Innovation Drive
  • Location: DEFOREST - V
  • Mailing City: Deforest
  • Municipality: Deforest
  • State: WI
  • Zip: 53532
Parking
  • Park/Unit: 2 stall garage, Attached, Opener inc
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 16
School Information
  • Elementary: Eagle Point
  • High School: DeForest
  • Middle School: DeForest
  • School District: DeForest
Taxes and HOA Information
  • Net Taxes: $22,740.00
  • Parcel ID: 0910-302-8060-1
  • Tax Year: 2024
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1184400
  • Land Assess: $180,100.00
  • Legal Documents: Lease(s) on file
  • Total Assess: $1,364,500.00
  • Total Assess Year: 2024
  • Type: Apartment building, Townhouse style units
  • Year Built: 2015
Lot Information
  • Estimated Total Acres: 1.073
  • Source of Est. Acres: Assessor
  • Source of Year Built: Seller
Utilities
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Brick
Interior Features
  • Items Included: Appliances, fixtures and equipment
  • Items Excluded: Seller and Tenants personal property.
  • Number of Dish Washers: 8
  • Number of Dryers: 8
  • Number of Furnaces: 8
  • Number of Stoves: 8
  • Number of Refrigerators: 8
  • Number of Washers: 8
  • Number of Water Heaters: 8
  • Number of Water Softeners: 8
  • Basement: None
  • 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: 8
Multi Family
Unit Information
  • Number of Units w/AC: 8
  • Number of Units: 8
Income & Expenses Information
  • Net Operating Income: $169,729
  • Total Income: $209,160
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: No
  • Unit 1: 4868
  • U1 Parking: 2 Car Garage
  • U1 Number of Bedrooms: 3
  • U1 Full Baths: 2
  • U1 Half Baths: 1
  • U1 SqFt: 1850
  • Unit 1 Bedroom 3 Level: U
  • Unit 1 Dining Room Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: U
  • Unit 1 Bedroom 2 Level: U
  • Unit 1 Bedroom 2 Dimensions: 12x11
  • Unit 1 Bedroom 3 Dimensions: 13x12
  • Unit 1 Dining Room Dimensions: 14x13
  • Unit 1 Kitchen Dimensions: 12x9
  • Unit 1 Living/Great Room Dimensions: 18x13
  • Unit 1 Primary BedRoom Dimensions: 17x13
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: No
  • Unit 2: 4870
  • U2 Parking: 2 Car Garage
  • U2 Number of Bedrooms: 3
  • U2 Full Baths: 2
  • U2 Half Baths: 1
  • U2 SqFt: 1850
Unit 3
  • Unit 3: 4872
  • U3 Parking: 2 Car Garage
  • U3 Number of Bedrooms: 3
  • U3 Full Baths: 2
  • U3 Half Baths: 1
  • U3 SqFt: 1850
  • U3 Landlord Pays Heat: No
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: No
Unit 4
  • Unit 4: 4874
  • U4 Half Baths: 1
  • U4 Parking: 2 Car Garage
  • U4 Number of Bedrooms: 3
  • U4 Full Baths: 2
  • U4 Landlord Pays Heat: No
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Water/Sewer: No
  • U4 SqFt: 1850

Property History for 4868-4882 Innovation Drive

DateEvent & SourcePriceAppreciation
Oct 29, 2025

Listed (Active)

SCWMLS #2011543

$2,775,000—
Oct 21, 2025

Off Market

SCWMLS #2001893

—
Jun 11, 2025

Price Change

SCWMLS #2001893

$2,800,000—
Jun 11, 2025

Listed (Active)

SCWMLS #2001893

$2,775,000—
DateEvent & SourcePrice
10/29/2025

Listed (Active)

SCWMLS #2011543

$2,775,000
10/21/2025

Off Market

SCWMLS #2001893

—
06/11/2025

Price Change

SCWMLS #2001893

$2,800,000
06/11/2025

Listed (Active)

SCWMLS #2001893

$2,775,000

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

Schools near 4868-4882 Innovation Drive

This home is within De Forest Area School District.
Rating
School
Type
Grades
Distance
Eagle Point Elementary School
Public - PK to 3
Harvest Intermediate School
Public - 4 to 6
De Forest Middle School
Public - 7 to 8
De Forest High School
Public - 9 to 12
Rating
School
Distance
Eagle Point Elementary School
PublicPK to 3

Harvest Intermediate School
Public4 to 6

De Forest Middle School
Public7 to 8

De Forest High School
Public9 to 12

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 4868-4882 Innovation Drive, DeForest, WI 53532

4868-4882 Innovation Drive is a multi-family home for sale in DeForest, WI 53532. This property was listed for sale on October 29, 2025 by ALTUS Commercial Real Estate, Inc., it's currently listed at $2,775,000. This listing's school district is De Forest Area School District. Nearby schools include Eagle Point Elementary School, Harvest Intermediate School and De Forest Middle School. 4868-4882 Innovation Drive is a 12-bed, 12-bath, 7,400 sqft multi-family home built in 2015.

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 ALTUS Commercial Real Estate, Inc.

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 11/10/2025 07:28 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2025 – WiREx. – All Rights Reserved