5830 Balsam Road

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New
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Active
$750,000
8 beds3,108 sqft$241/sqft
5830 Balsam Rd, Madison, WI 53711
Est: $4,630/moGet pre-approved
Multi FamilyProperty Type
0.28 acresLot Size
1961Year Built
$241/sq ftPrice per sq ft
4 carsParking Spaces

Description

Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property...Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property has its own water softener. Shared basement coin-operated laundry provides convenient tenant access and additional owner income. Approximately half the basement is secured landlord storage, including a small finished office—ideal for supplies, records, or on-site management. All units rented, two with long term tenants in place. Convenient Madison location near shopping, dining, parks, transit, and commuter routes.
2 days on Market
  • Listed by: Iza Korwel • Keller Williams Realty Pref: 608-292-5012
Last updated: 09/10/2026 08:48 AM • Source: SCWMLS, MLS#: 2032345

Location

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$4,630 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,876

Property Taxes

$755

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Property Information for 5830 Balsam Road

Property Details
  • Taxes: $9,058 / year
  • MLS Type: Multi Family / Apartment building
  • County: Dane County
  • Subdivision: Meadowood
  • Zoning: SR-V1
Building Information
  • Building/Complex: 5830 Balsam Rd
  • Residences: 4
  • Year Built: 1961
Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: Take Whitney Way exit (exit 257) South, right onto Raymond Rd, left onto Leland Dr, right onto Balsam Rd.
  • Location: MADISON - C W09
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53711
Parking
  • Park/Unit: 2 spaces, Outside, Concrete, Off street
  • Parking Spaces Outside: 4
  • Parking Stalls Inside: 0
School Information
  • Elementary: Orchard Ridge
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $9,058.00
  • Parcel ID: 0609-062-0317-4
  • Tax Year: 2025
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 366400
  • Land Assess: $124,000.00
  • Miscellaneous: Water Softener Owned
  • Total Assess: $490,400.00
  • Total Assess Year: 2025
  • Type: Apartment building, 2 story
  • Year Built: 1961
Lot Information
  • Estimated Total Acres: 0.28
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Heat Included, Separate elec meters, Sewer Included, Water Included
  • Water/Waste: Municipal sewer, Municipal water
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Items Included: 4 ranges/ovens, 4 refrigerators, 2 microwaves, 2 dryers, 1 washer.
  • Items Excluded: Seller's and tenant's personal property.
  • Number of Dish Washers: 0
  • Number of Dryers: 2
  • Number of Furnaces: 1
  • Number of Stoves: 4
  • Number of Refrigerators: 4
  • Number of Washers: 1
  • Number of Water Heaters: 1
  • Number of Water Softeners: 1
  • Basement: Full, Partially finished, Poured concrete foundatn, Daylight window, Laundry facilities, Storage area
  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 4
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 4
  • Number of Units: 4
Income & Expenses Information
  • Total Income: $5,400
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Air conditioning,Range/oven,Refrigerator,Shared basement
  • U1 Parking: 2 Space
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 777
  • Unit 1 Dining Area Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimensions: 10x10
  • Unit 1 Dining Area Dimensions: 8x10
  • Unit 1 Kitchen Dimensions: 8x8
  • Unit 1 Living/Great Room Dimensions: 19x11
  • Unit 1 Primary BedRoom Dimensions: 10x12
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Air conditioning,Range/oven,Refrigerator,Shared basement
  • U2 Parking: 2 Space
  • U2 Number of Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 777
Unit 3
  • Unit 3: Air conditioning,Range/oven,Refrigerator,Shared basement
  • U3 Parking: 2 Space
  • U3 Number of Bedrooms: 2
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 777
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: Air conditioning,Range/oven,Refrigerator,Shared basement
  • U4 Half Baths: 0
  • U4 Number of Bedrooms: 2
  • U4 Full Baths: 1
  • U4 SqFt: 777

Property History for 5830 Balsam Road

DateEvent & SourcePriceAppreciation
Sep 10, 2026

Listed (Active)

SCWMLS #2032345

$750,000—
May 31, 2022

Sold (Public Record)

Public Record #1491741654

—
May 31, 2022

Sold

SCWMLS #1931387

—
DateEvent & SourcePrice
09/10/2026

Listed (Active)

SCWMLS #2032345

$750,000
05/31/2022

Sold (Public Record)

Public Record #1491741654

—
05/31/2022

Sold

SCWMLS #1931387

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5830 Balsam Road

Taxable ValueLand$124,000Additions$366,400Total$490,400
Tax Record2025$9,058 ($755 / month)
Home Facts
Baths4Total Finished SqFt3,430 SqFtAbove Grade Finished SqFt3,430 SqFtStories2Lot Size12,275 SqFtStyleQuadraplexYear Built1961Year Renovated1975ZoningSR-V1CountyDANEAPN0609-062-0317-4

Schools near 5830 Balsam Road

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Orchard Ridge Elementary School
Public - PK to 5
Toki Middle School
Public - 6 to 8
Memorial High School
Public - 9 to 12
Capital High
Public - 9 to 12
Rating
School
Distance
Orchard Ridge Elementary School
PublicPK to 5

Toki Middle School
Public6 to 8

Memorial High School
Public9 to 12

Capital High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5830 Balsam Road, Madison, WI 53711

5830 Balsam Road is a multi-family home for sale in Madison, WI 53711. This property was listed for sale on September 10, 2026 by Keller Williams Realty, it's currently listed at $750,000. It has been on the market for a total of 2 days and was last sold on May 31, 2022. This listing's school district is Madison Metropolitan School District. Nearby schools include Orchard Ridge Elementary School, Toki Middle School and Memorial High School. 5830 Balsam Road is a 8-bed, 4-bath, 3,108 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/10/2026 08:48 AM Listing presented by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. Compass · Tel: 212-913-9058 · New York, NY Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved