Fantastic investment opportunity! This convenient west Madison 4 unit sits quietly behind Raymond Rd, near bus lines & schools. All units feature spacious living rooms, roomy kitchens, 3 bedrooms & 1 full bath with tub/shower combo. The shared basement has individual W/D hookups, private storage, and plenty of additional room for bikes or larger items. With lot parking in the rear, easy access to public transit and a private management company, this property is ready to round out your portfolio! All units are occupied. Please be courteous & remove shoes when entering apartments. Basement electrical hookups for tenants' electric W/D are connected to each individual apartment's electrical meter and the unit breaker panel located in each unit.
Closed
$470,000
5826 Russett Rd, Madison, WI 53711
12beds
3,800sqft
Multi Family, Apartment
Built in 1960
-- sqft lot
$630,700 Zestimate®
$124/sqft
$1,780 Estimated rent
Home value
$630,700
$587,000 - $675,000
$1,780/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2023 at 08:10pm
Listed by:
Dan Tenney Offic:608-709-9886,
MHB Real Estate
Bought with:
Katie Lichtie
Source: WIREX MLS,MLS#: 1951293
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Radiant/Electric
Appliances
- Included: Water Softener
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
Property
Parking
- Parking features: 1 Space, Outside
Lot
- Size: 0.25 Acres
Details
- Parcel number: 070931310208
- Zoning: Res
- 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: 1960
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Location
- Region: Madison
- Subdivision: Meadowood First Addn
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2023 | Sold | $470,000-6%$124/sqft |
Source:  WIREX MLS #1951293 | ||
| 4/24/2023 | Contingent | $499,900$132/sqft |
Source: WIREX MLS #1951293 | ||
| 4/7/2023 | Listed for sale | $499,900$132/sqft |
Source: WIREX MLS #1951293 | ||
| 3/15/2023 | Contingent | $499,900$132/sqft |
Source: WIREX MLS #1951293 | ||
| 3/9/2023 | Listed for sale | $499,900$132/sqft |
Source: WIREX MLS #1951293 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,200 +7.4% | $470,000 +10.6% |
| 2023 | $8,563 | $425,000 +15.2% |
| 2022 | -- | $369,000 +5.1% |
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: 0.3 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.3 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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$630,700
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$643,314