$750,000

6 Beds 3 Baths 2,331 Sqft

5830 Balsam Road, Madison, WI 53711

Property Type: Multi-Family
Building Type: Apartment Building,2 Story
Time on Market: 8 days
Price per Sqft: $322
Total Taxes: $9,058
Est. Age: 21+ Years

Description

Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property has its own water softener. Shared basement coin-operated laundry provides convenient tenant access and additional owner income ( $200/mo). Approximately half the basement is secured landlord storage, including a small finished office?can be used for supplies, records, or on-site management. All units rented, two with long term tenants in place. Convenient Madison location near shopping, dining, parks, transit, and commuter routes.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 2 1 0 777
Unit 2 2 1 0 777
Unit 3 2 1 0 777

Property Details

Interior

Basement:
  • Full, Partially Finished, Poured Concrete
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Steam
Heat Fuel:
  • Natural Gas
Interior Features:
  • Water Softener
Sqft:
  • Total Sqft: 2,331

Exterior

Acreage:
  • Source: Assessor/Public Record
Exterior:
  • Brick
Parking:
  • Details: 2 Space, Outside
Subdivision:
  • Meadowood
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 53711
Street:
  • Name: Balsam Road
  • Suffix: ROAD
Tax Year:
  • 2025
Utilities:
  • Details: Separate Electric Meters
Zoning:
  • SR-V1

Map

Listing Agent-Provided Directions:
  • Take Whitney Way exit (exit 257) South, right onto Raymond Rd, left onto Leland Dr, right onto Balsam Rd.

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Schools and Neighborhood

Elementary School:
  • Orchard Ridge
Middle School:
  • Toki
High School:
  • Memorial
School District:
  • Madison
Postal City:
  • Madison
Municipality:
  • Name: MADISON
  • Type: City
County:
  • DANE

Market Comparison

How this property compares to local market averages — calculated 9/19/2026

This Property
Madison Multi Family Home Avg
Dane County Multi Family Home Avg
List Price
$750,000
$926,839
$842,104
Median Price
—
$749,900
$660,000
Price / Sq Ft
$322
$0
$267
Days on Market
8 days
66 days
71 days
Total Listings
—
51
93

Listing Information

  • Time on Market: 8 days
  • Place Perfect Last Updated: 2026-09-16 20:29:08
  • MLS Number: 2032345
  • Subsystem Locale: WIREX_SCW
  • Listing Office: Keller Williams Realty
  • Listing Agent: Iza Korwel

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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