Looking for a turnkey investment opportunity? Olive Tree Residences presents a shovel-ready multifamily condominium development opportunity in Fitchburg, WI. PDD/SIP zoning approval was granted and recorded September 2025, providing certainty for the approved 20-unit program. Plans call for 2?3 bedroom units (approx. 1,700?2,500 SF) with 2.5?3.5 baths and attached 2-car garages?well positioned for strong absorption in a high-demand market. Significant entitlement, permitting, and due-diligence work has already been completed: all public utility permits (erosion control, stormwater, MMSD, WI DNR), Phase I ESA, geotechnical report, asbestos/mold remediation, and full site demolition/clearing. Engineering is complete; CAD files available. Construction bid interest secured. Recently combined parcels are approx. 2.28 acres. Significant upfront risk mitigated?ready for execution and capital deployment.
Active
$1,500,000
2735 Rimrock Road, Fitchburg, WI 53713
--beds
--baths
2.28Acres
Unimproved Land
Built in ----
2.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 46 days |
- 175 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2026 at 08:41am
Listed by:
Rachel Kvasnica Rachel@InkwellWI.com,
RE/MAX Preferred,
Inkwell Realty Team 608-571-3583,
RE/MAX Preferred
Source: WIREX MLS,MLS#: 2016317
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Property
Lot
- Size: 2.28 Acres
- Features: 5+ Unit Lot, Sidewalks, Level, Wooded, Can not be divided
Details
- Parcel number: 070936393303
- Zoning: Res
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Electricity Connected, Phone Connected, Cable Connected
Community & HOA
Location
- Region: Madison
- Municipality: Fitchburg
Financial & listing details
- Tax assessed value: $144,400
- Annual tax amount: $2,528
- Date on market: 2/13/2026
- Listing terms: Sell in Entirety
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,330/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $1,500,000+200% |
Source:  WIREX MLS #2016317 Report a problem | ||
| 11/10/2022 | Sold | $500,000-9.1% |
Source: WIREX MLS #1892459 Report a problem | ||
| 9/1/2022 | Contingent | $550,000 |
Source: WIREX MLS #1892459 Report a problem | ||
| 8/3/2022 | Listed for sale | $550,000-7.6% |
Source: WIREX MLS #1892459 Report a problem | ||
| 5/2/2018 | Listing removed | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 3/14/2018 | Listed for sale | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 5/8/2017 | Listing removed | $595,000 |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/5/2017 | Listed for sale | $595,000+6.3% |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/1/2015 | Listing removed | $559,900 |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 8/15/2014 | Price change | $559,900-2.6% |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 7/22/2014 | Listed for sale | $575,000+154.5% |
Source: Greater Madison Realty, LLC, dba RE/MAX Preferred #1713150 Report a problem | ||
| 12/12/2006 | Sold | $225,900 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,236 -13.3% | $72,200 |
| 2023 | $1,426 +3.5% | $72,200 +4.9% |
| 2022 | $1,378 +2.7% | $68,800 |
| 2021 | $1,342 -6.9% | $68,800 |
| 2020 | $1,442 -0.8% | $68,800 |
| 2019 | $1,453 0% | $68,800 |
| 2018 | $1,453 +0.5% | $68,800 |
| 2017 | $1,445 -5% | $68,800 |
| 2016 | $1,521 +0.9% | $68,800 |
| 2015 | $1,507 -0.2% | $68,800 |
| 2014 | $1,510 | $68,800 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | $1,817 -3.4% | $40,000 |
| 2005 | $1,881 | $40,000 |
| 2004 | $1,881 +0.6% | $40,000 |
| 2003 | $1,871 -8.2% | $40,000 |
| 2002 | $2,037 -2.3% | $40,000 |
| 2001 | $2,085 +1.4% | $40,000 |
| 2000 | $2,056 | $40,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
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.
Climate risks
Neighborhood: Moorland-Rimrock
Nearby schools
GreatSchools rating
- 4/10Southside Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 3.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Middle: Sennett
- High: Lafollette
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 53713
- Wisconsin
- Dane County
- Madison
- 53713
- Moorland-Rimrock
- 2735 Rimrock Road
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