Fantastic investment opportunity on Madison?s west side! This well-maintained 5-unit property at 5826 Balsam Rd offers a strong rental history and excellent cash flow potential. Each spacious unit features functional layouts, kitchens and baths, and off-street parking. Tenants enjoy convenient access to parks, shopping, dining, and bus routes?making it an easy property to keep fully leased. On-site laundry and separate utilities enhance tenant appeal and owner convenience. Whether you?re expanding your portfolio or seeking a solid first investment, this turnkey multi-family property is a smart buy in a prime location! All new 5th unit is a bonus!
Contingent
Price cut: $11K (11/21)
$689,000
5826 Balsam Road, Madison, WI 53711
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1959
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Functional layoutsOff-street parkingKitchens and baths
- 50 days |
- 192 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 11:55pm
Listed by:
Lori Schilling 608-279-4313,
Sprinkman Real Estate
Source: WIREX MLS,MLS#: 2011440
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Block
- Has fireplace: No
Property
Parking
- Parking features: Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.37 Acres
Details
- Parcel number: 060906203182
- Zoning: SR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Stone
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 & HOA
Location
- Region: Madison
- Municipality: Madison
Financial & listing details
- Tax assessed value: $530,000
- Annual tax amount: $9,299
- Date on market: 10/29/2025
- Inclusions: (5) Of Each: Ovens/Ranges, Fridges, Wall Mounted A/C Units. One Coin-Op Washing Machine And One Coin-Op Dryer.
- Exclusions: Seller/Tenant's Personal Property
Estimated market value
Not available
Estimated sales range
Not available
$1,832/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Contingent | $689,000 |
Source:  WIREX MLS #2011440 Report a problem | ||
| 11/21/2025 | Price change | $689,000-1.6% |
Source: WIREX MLS #2011440 Report a problem | ||
| 10/29/2025 | Listed for sale | $700,000+460.4% |
Source: WIREX MLS #2011440 Report a problem | ||
| 6/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/31/2024 | Listed for rent | $1,049 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2014 | $5,126 -1.2% | $211,600 |
| 2013 | $5,188 +2.8% | $211,600 |
| 2012 | $5,045 -15.4% | $211,600 -9.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,427/mo
Principal & interest
$3285
Property taxes
$901
Home insurance
$241
Climate risks
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.5 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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