No Showings until 3/6. Investor opportunity with immediate upside potential. This solid brick 4-unit offers rare, oversized 3-bedroom layouts with 1 to 2.5 baths, making it highly attractive to long-term tenants and future rent growth. Current leases are MTM, providing flexibility for a new owner to reposition rents toward market levels, estimated around $1,800 per unit. The partially finished lower level presents potential for an additional unit or added income space (buyer to verify). Key improvements include roof and front windows approximately 10 years old along with some newer water heaters. Well located on Madison?s west side near major employers, shopping, and transit corridors, this property offers both stability and long-term appreciation potential. See 5710 Russett Road, Madison ? seller is open to selling both together
Active
$550,000
5837 Raymond Road, Madison, WI 53711
12beds
4,990sqft
Est.:
Multi Family, Apartment
Built in 1961
-- sqft lot
$-- Zestimate®
$110/sqft
$-- HOA
What's special
- 3 days |
- 1,816 |
- 72 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 03, 2026 at 04:28am
Listed by:
Jo Ferraro Real Estate Team Pref:608-838-1377,
EXP Realty, LLC,
Michael Ferraro 608-235-1233,
EXP Realty, LLC
Source: WIREX MLS,MLS#: 2017218
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
- Main level bedrooms: 1
Heating
- Natural Gas, Radiant/Electric
Appliances
- Included: Water Softener
Features
- Basement: Full,Partially Finished,Concrete
- Has fireplace: No
Interior area
- Total structure area: 4,990
- Total interior livable area: 4,990 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: 1 Car, Detached, Outside
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.26 Acres
Details
- Parcel number: 060906203091
- Zoning: SR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & HOA
Location
- Region: Madison
- Municipality: Madison
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $572,300
- Annual tax amount: $10,311
- Date on market: 3/6/2026
- Inclusions: 4 Stoves/Ovens 4 Fridges, 4 Water Heaters, 3 Dishwashers
- Exclusions: Tenant Personal Property
Estimated market value
Not available
Estimated sales range
Not available
$3,396/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Listed for sale | $550,000+26.4%$110/sqft |
Source:  WIREX MLS #2017218 Report a problem | ||
| 4/12/2005 | Sold | $435,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,668 +11.5% | $545,000 +14.7% |
| 2023 | $9,570 | $475,000 +17.3% |
| 2022 | -- | $405,000 |
| 2021 | -- | $405,000 +15.1% |
| 2020 | -- | $352,000 +5.1% |
| 2019 | $6,828 | $335,000 +6.3% |
| 2018 | $6,828 -2.4% | $315,000 +1.9% |
| 2017 | $6,996 +16.6% | $309,200 +14.9% |
| 2016 | $5,998 +0% | $269,200 +5.1% |
| 2014 | $5,998 -23.1% | $256,200 |
| 2013 | $7,798 +27.3% | $256,200 |
| 2012 | $6,124 -5.7% | $256,200 -10.2% |
| 2011 | $6,494 +3.6% | $285,200 |
| 2010 | $6,269 -8.1% | $285,200 -14.9% |
| 2009 | $6,823 -21.3% | $335,200 -25% |
| 2008 | $8,668 -1.3% | $447,200 |
| 2007 | $8,786 +3.7% | $447,200 +4% |
| 2006 | $8,472 -0.7% | $430,000 +4.7% |
| 2005 | $8,534 -1.9% | $410,600 +5% |
| 2004 | $8,698 +25.3% | $391,000 |
| 2003 | $6,940 +10.7% | $391,000 +46.3% |
| 2002 | $6,271 +0.2% | $267,300 +5% |
| 2001 | $6,259 -0.9% | $254,600 +2% |
| 2000 | $6,316 | $249,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,293/mo
Principal & interest
$2615
Property taxes
$678
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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