5830 Balsam Road, Madison, WI 53711
5830 Balsam Road, Madison, WI 53711
5830 Balsam Road, Madison, WI 53711
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Zach Palmer

Zach Palmer

+1(608) 886-6492
Listed by Keller Williams Realty • Pref: 608-292-5012
$750,000
8 Beds
4 Baths
3,108 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Active

Purchase Type For Rent

Square Footage 3,108 sqft

Subdivision Meadowood

MLS Listing ID 2032345

Bedrooms 8

Full Baths 4

Year Built 1961

Annual Tax Amount $9,058

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Apartment building,2 story

Property 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. Approximately half the basement is secured landlord storage, including a small finished office—ideal 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.

Location

State WI

County Dane

Area Madison - C W09

Zoning SR-V1

Direction Take Whitney Way exit (exit 257) South, right onto Raymond Rd, left onto Leland Dr, right onto Balsam Rd.

Rooms

Basement Full, Partially finished, Poured concrete foundatn, Daylight window, Laundry facilities, Storage area

Interior

Heating Steam

Inclusions 4 ranges/ovens, 4 refrigerators, 2 microwaves, 2 dryers, 1 washer.

Heat Source Natural Gas

Exterior

Parking Features 2 spaces, Outside, Concrete, Off street

Utilities Available Heat Included, Separate elec meters, Sewer Included, Water Included

Building

Water Municipal sewer, Municipal water

Structure Type Brick

Schools

Elementary Schools Orchard Ridge

Middle Schools Toki

High Schools Memorial

School District Madison

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South Central Wisconsin MLS (SCWMLS)
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Zach Palmer

Zach Palmer

+1(608) 886-6492

Agent License ID: 77366-94

Agent License ID: 77366-94

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