$550,000

9 Beds 6 Baths 3,990 Sqft

5837 Raymond Road, Madison, WI 53711

Property Type: Multi-Family
Building Type: Apartment Building,2 Story
Time on Market: 45 days
Price per Sqft: $138
Garage: 1 Car
Total Taxes: $10,311
Est. Age: 21+ Years
Virtual Tour: View Tour

Description

No Showings until 3/6. Investor opportunity with immediate upside potential. This solid brick 4-unit offers rare, oversized 3-bedroom layouts with 1 to 2.5 baths, making it highly attractive to long-term tenants and future rent growth. Current leases are MTM, providing flexibility for a new owner to reposition rents toward market levels, estimated around $1,800 per unit. The partially finished lower level presents potential for an additional unit or added income space (buyer to verify). Key improvements include roof and front windows approximately 10 years old along with some newer water heaters. Well located on Madison?s west side near major employers, shopping, and transit corridors, this property offers both stability and long-term appreciation potential. See 5710 Russett Road, Madison ? seller is open to selling both together

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 3 2 1 1870
Unit 2 3 1 0 1000
Unit 3 3 1 1 1120

Property Details

Interior

Basement:
  • Full, Partially Finished, Poured Concrete
Baths:
  • Full Baths: 4
  • Half Baths: 2
Heating/Cooling:
  • Radiant/Electric
Heat Fuel:
  • Natural Gas
Interior Features:
  • Water Softener
Sqft:
  • Total Sqft: 3,990

Exterior

Acreage:
  • Source: Assessor/Public Record
Exterior:
  • Brick
Garage:
  • Details: 1 Car, Detached
  • Spaces: 1.0
Parking:
  • Details: Outside
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

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

Map

Listing Agent-Provided Directions:
  • Take US-51 N to US-12 W/US-18 W in Monona. Continue on US-12 W/US-18 W to Madison. take exit 258 to merge onto US-151 S/US-18 W. Drive to Raymond Rd

Monthly Payment Calculator

$
$
%
%
Est.
0.00
/month
Principal & Interest
$
Property Taxes
$
Home Insurance
$
Mortgage Insurance
$
HOA Fees
$
Utilities
$

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 4/17/2026

This Property
Madison Multi Family Home Avg
Dane County Multi Family Home Avg
List Price
$550,000
$1,144,820
$1,110,550
Median Price
—
$790,000
$747,500
Price / Sq Ft
$138
$313
$313
Days on Market
45 days
98 days
83 days
Total Listings
—
29
56

Listing Information

  • Time on Market: 45 days
  • Place Perfect Last Updated: 2026-03-11 15:30:02
  • MLS Number: 2017218
  • Subsystem Locale: WIREX_SCW
  • Listing Office: EXP Realty, LLC
  • Listing Agent: Jo Ferraro Real Estate Team

Multi-Family Homes

Explore nearby Multi-Family homes in Madison, Wisconsin

Madison School District Homes

Explore Madison school district homes in Madison, Wisconsin

WIREX Logo

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.

© 2026 WIREX-Wisconsin Real Estate Exchange – All Rights Reserved