Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Owner occupy is also an option. Great floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure manager maintenance room with additional storage and work area is another perk of ownership. Expertly managed & well maintained.
Closed
$600,000
5718 Balsam Road, Madison, WI 53711
8beds
3,600sqft
Multi Family, Apartment
Built in 1962
-- sqft lot
$604,000 Zestimate®
$167/sqft
$1,901 Estimated rent
Home value
$604,000
$574,000 - $634,000
$1,901/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 18, 2025 at 08:06pm
Listed by:
Lori Schilling 608-279-4313,
Sprinkman Real Estate
Bought with:
Mark Gladue
Source: WIREX MLS,MLS#: 1993806
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Appliances
- Included: Water Softener
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: 1 Space, Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.27 Acres
Details
- Parcel number: 060906202077
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $600,000+4.3%$167/sqft |
Source:  WIREX MLS #1993806 | ||
| 2/27/2025 | Pending sale | $575,000+23.7%$160/sqft |
Source: WIREX MLS #1993806 | ||
| 12/15/2023 | Sold | $465,000+1.1%$129/sqft |
Source: WIREX MLS #1965849 | ||
| 11/1/2023 | Pending sale | $460,000$128/sqft |
Source: WIREX MLS #1965849 | ||
| 10/26/2023 | Listed for sale | $460,000$128/sqft |
Source: WIREX MLS #1965849 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Orchard Ridge
- Middle: Toki
- High: Memorial
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$604,000
2% more+ $12,080
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$616,080