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    5826 Balsam Rd Madison, WI 53711

    New
    Under Contract
    For Sale
    $689,000

    Apartment building,2 story - Madison, WI

    Lot size:
    0.37 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 5826 Balsam Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    SR-V1
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    0609-062-0318-2
    Parking
    4
    Basement Y/N
    1
    Appliances
    Dryer
    Lot size
    0.37 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1959
    Floors in Building
    2
    Number of units
    5
    Building materials
    Brick, Stone
    Architectural style
    Other

    Sprinkman Real Estate (608) 220-1453 [email protected]

    Listing agent Lori Schilling (608) 220-1453

    Listing date Dec 3, 2025

    MLS# 2011440 Listing URL

    Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Madison Multifamily Investment Opportunity

    This well-maintained 5-unit property is located on Madison’s west side and presents an investment opportunity. The property has a strong rental history and cash flow potential. Each unit is spacious and features functional layouts, kitchens, and baths. Off-street parking is available. Tenants have convenient access to parks, shopping, dining, and bus routes. On-site laundry and separate utilities enhance tenant and owner convenience. The property is a turnkey multi-family property in a prime location. The lot size is 0.37 acres. The property is zoned SR-V1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.482042
    Latitude
    43.030808

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit apartment building with strong rental history.
    Where is this apartment building located?
    The property is located at 5826 Balsam Rd Madison, WI.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: - Strong rental history and excellent cash flow potential.; - Prime location on Madison's west side with convenient access to amenities.; - Turnkey, well-maintained 5-unit property.
    (608) 220-1453
    Request Owner's contact information
    5826 Balsam Rd Madison, WI 53711
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    Madison, WI 53711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5826 Balsam Rd Madison, WI 53711
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