Rare investment opportunity! Custom designed two 4 unit townhome buildings offers spacious apartment homes with 3 bdrms, 2 1/2 baths, 1850 sq ft of living space, covered porches, in unit laundry & attached two car garages! Open floor plan w/ foyer entry, spacious living rooms, 1st flr powder room & 9ft ceilings. Large kitchens offering SS appliances, dishwashers, microwaves & laminate wood flooring. 2nd floor boasts 3 bdrms with the primary suite offering walk-in closets & bath w/dual vanities, spacious laundry room, great closet space & hall nook. Superior construction; studded air gap between units (sound barrier), tenants pay all utilities & have separate metering making it easy to convert to condos in the future. Great locale w/ conservancy park across the street & greenspace in back!
For sale
$2,800,000
4868-4882 Innovation Drive, Deforest, WI 53532
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 2015
-- sqft lot
$2,694,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 52 days
- on Zillow |
- 211 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 08:12pm
Listed by:
Liz Lauer 608-444-5725,
Lauer Realty Group, Inc.
Source: WIREX MLS,MLS#: 2001893
Originating MLS: South Central Wisconsin MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Water Softener
Features
- Windows: Low Emissivity Windows
- Basement: None / Slab
- Has fireplace: No
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: 2 Car, Attached, Garage Door Opener
- Attached garage spaces: 2
Lot
- Size: 1.07 Acres
Details
- Parcel number: 091030280601
- Zoning: PUD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding, Brick
Condition
- 6-10 Years
- New construction: No
- Year built: 2015
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & HOA
Community
- Subdivision: Conservancy Place
Location
- Region: Deforest
- Municipality: Deforest
Financial & listing details
- Tax assessed value: $1,364,300
- Annual tax amount: $22,660
- Date on market: 6/11/2025
- Listing agreement: Exclusive Agency
- Inclusions: See Add R
- Exclusions: Sellers Personal Property
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