2938-2940 Traceway Drive Madison, WI ^$ 475,000

2938-2940 Traceway Drive

^$ 475,000

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2938-2940 Traceway Drive

Madison, WI, 53713

^$ 475,000

Bedrooms6 Baths2.2 Sq 2,800

Monthly Estimate*

^$ 2,925

Listed by Realty Executives Cooper Spransy

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Multi-Family Home for sale in Madison, WI

for $475,000 with 6 bedrooms and 2 full baths, 2 half baths. This 2,800 square foot home was built in 1980 on a lot size of 0.25.

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!

Multi-Family Pending

Price

^$ 475,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 6,481

Style

Lot Size

0.25

Year Built

1980

Town/City

Madison

County/Region

Dane

MLS | Web ID

2018285

Features

Interior

Heating Type Forced air

Basement Full Full size windows/Exposed Partially finished

Total Number of Units 2

General

Heating Natural Gas

Utilities Separate elec meters Separate gas meters Separate water meters

Zoning Res

School District Madison

County Dane

Miscellaneous Close to bus line Internet - Cable

Class Multi Family

Tax Year 2024

Status Offer-No Show

Status Detail 0

Year Built 1980

Directions Fish Hatchery South of Beltline Right on Traceway Dr

High School West

City Madison

Elementary School Leopold

Middle School Cherokee Heights

DOM 4

County Qtr Section West Metro Madison

Exterior

Exterior Aluminum/Steel

* Excluded Features

List By

Realty Executives Cooper Spransy

Broker

(608) 886-7269

Phone

andrew@elevatepropertieswi.com

Affordability Calculator

$3,465

Per Month

Monthly Principal & Interest: $2,925
Monthly Property Taxes: $540
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Madison, WI

Average List Price ^$1,052,436

Percent of Sale Price 122%

About Madison, WI

252,062 Population

21% Since 2002

^$58,415 Median Income

34.31 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1568373 Elementary School

1568178 Middle School

West High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2026	$475,000		Listed Price

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2938-2940 Traceway Drive, Madison, WI, 53713 is a Multi-Family Home for sale at $475,000 with 2,800 sqft and a lot size of 0.25. 2938-2940 Traceway Drive has 6 bedrooms, 2.2 baths, and was built in 1980. The property's zip code is 53713 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 4/1/2026.

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2938-2940 Traceway Drive

Multi-Family Home for sale in Madison, WI

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