Building Details

Year Built 1959

Listed By: Briggs Realty Group Show Phone

Source: Thebriggsrealtygroup

Added: Oct 11 Last Checked: Oct 12 at 7:42PM

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Investment Insights

Based on property information with market context.

This four-unit residential property, built in 1959, contains four matching apartments. Each unit has two bedrooms, one bathroom, and approximately 800 square feet. A basement provides additional storage space.

Updates include flooring installed throughout in 2023 and hallway paint refreshed in 2025. Unit 3 received a new furnace and water heater in 2025. The property is on Madison’s West Side, with access to a bus line, shopping, and dining.

Key Highlights

• Four units with identical floor plans
• Each apartment has 2 bedrooms, 1 bathroom, and approximately 800 square feet
• Built in 1959

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center Hair Salon Restaurant Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

189

Businesses Nearby

Explore this area Business Placement

Demographics for 53711, WI

51,448

Population

23,500

Households

2.2

Avg Household Size

37

Median Age

66%

College-Educated

97%

High-School Grad

26.0 sq mi

ZIP Area

1,979

Density / Sq Mi

$101,236

Median Household Income

$55,284

Median Earnings

$1,357

Median Rent

$387,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four matching apartments each provide two bedrooms and one bathroom, with basement storage serving the property.

Where is this quadplex located?

The property is located at 5818 Balsam Rd Madison, WI.

What is the asking price?

The asking price for this property is $660,000.

What are key features of this property?

This property features: Four units with identical floor plans; Each apartment has 2 bedrooms, 1 bathroom, and approximately 800 square feet; Built in 1959