Great investment opportunity!! 4-unit all 2bed/1/bath, 800 sq ft. All floorplans are the same. Well cared for by long term tenants. There is one vacant unit which has a new tenant coming May 1. Perfect location. Close to the bus line and all that the West side of Madison offers. New hallway paint in 2025, all flooring updated in 2023. Unit 3 has new furnace & water heater 2025. Clean, dry basement with storage.
Closed
$590,000
5818 Balsam Road, Madison, WI 53711
8beds
3,200sqft
Multi Family, Apartment
Built in 1959
-- sqft lot
$601,000 Zestimate®
$184/sqft
$1,615 Estimated rent
Home value
$601,000
$571,000 - $631,000
$1,615/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 29, 2025 at 08:04pm
Listed by:
Jaclyn Cunningham HomeInfo@firstweber.com,
First Weber Inc,
Jeff Kuhl 608-220-1543,
First Weber Inc
Bought with:
Inkwell Realty Team
Source: WIREX MLS,MLS#: 1996628
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Parking features: Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.37 Acres
Details
- Parcel number: 060906203207
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding, Aluminum/Steel, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1959
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
- Subdivision: Meadowwood
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2025 | Sold | $590,000+4.4%$184/sqft |
Source:  WIREX MLS #1996628 | ||
| 4/5/2025 | Pending sale | $565,000$177/sqft |
Source: WIREX MLS #1996628 | ||
| 4/3/2025 | Listed for sale | $565,000+21.5%$177/sqft |
Source: WIREX MLS #1996628 | ||
| 1/10/2022 | Listing removed | $464,900$145/sqft |
Source: WIREX MLS #1925188 | ||
| 12/17/2021 | Listed for sale | $464,900+69.1%$145/sqft |
Source: WIREX MLS #1925188 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,102 +11.5% | $465,000 +14.8% |
| 2023 | $8,160 | $405,000 +21.6% |
| 2022 | -- | $333,000 +9.9% |
Find assessor info on the county website
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.4 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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$601,000
2% more+ $12,020
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$613,020