5830 Balsam Road, Madison, WI 53711

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
Listed by: iza korwel
Office: keller williams realty
MLS#:2032345
Source:Metro MLS
5830 Balsam Road,Madison, WI 53711
$690,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$690,000

About this home

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.

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Home facts

  • Year built:1961
  • Subdivision & Development:Meadowood
  • Listing ID #:2032345
  • Added:50 day(s) ago
  • Updated:October 30, 2026 at 05:12 PM

Rooms and interior

  • Basement Description:Full, Partially Finished

Heating and cooling

  • Heating:Natural Gas, Steam

Structure and exterior

  • Year built:1961
  • Lot area:0.28 Acres
  • Construction Materials:Brick
  • Foundation Description:Poured Concrete
  • Levels:2 Story

Schools

  • High school:Memorial
  • Middle school:Toki
  • Elementary school:Orchard Ridge

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$690,000
  • Tax amount:$9,058 (2025)

Features and amenities

  • Amenities:Separate Electric Meters, Water Softener

Parking

  • Parking description:2 Space, Outside
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