Updated Quadplex with
New
For Sale
$750,000
5830 Balsam Road, Madison, WI 53711
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.28 Acres
Days on Market4
Property Features for 5830 Balsam Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR-V1
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2
Parking features
Off Street
Appliances
4
Subdivision
Meadowood
Elementary school
Orchard Ridge
Middle school
Toki
High school
Memorial
Elementary school district
Madison
Middle school district
Madison
High school district
Madison
Directions
Take Whitney Way exit (exit 257) South, right onto Raymond Rd, left onto Leland Dr, right onto Balsam Rd.
Standard status
Active
APN
0609-062-0317-4
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9058
Utilities
Heating system
Steam
Amenities
coin-operated laundry
split-system AC/heat pumps
water softener
Building Details
Year built
1961
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Realty
(608) 831-0800
Listed By:
Iza Korwel
(608) 292-5012
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 8:06PM
MLS# 2032345
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1961 quadplex contains four occupied units with a mix of updated and well-maintained interiors. The two upper apartments have remodeled flooring, while every unit is equipped with split-system AC/heat pumps. Recent capital work includes windows installed in 2026, wall and attic insulation completed in 2023, and a water heater added in 2022.
Each apartment includes two tandem parking spaces, and electricity is separately metered for tenant payment. Ownership covers heat and water/sewer. The shared basement includes coin-operated laundry, a secured landlord storage area occupying approximately half the space, and a small finished office suitable for supplies, records, or on-site management. The property also has a water softener, with two units occupied by long-term tenants.
Each apartment includes two tandem parking spaces, and electricity is separately metered for tenant payment. Ownership covers heat and water/sewer. The shared basement includes coin-operated laundry, a secured landlord storage area occupying approximately half the space, and a small finished office suitable for supplies, records, or on-site management. The property also has a water softener, with two units occupied by long-term tenants.
Key Highlights
- Four‑unit quadplex with all units rented
- 0.28‑acre property built in 1961
- Each unit includes two tandem parking spaces
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units feature separate electric metering, split-system climate control, and remodeled upper-level interiors.
Where is this quadplex located?
The property is located at 5830 Balsam Road Madison, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units rented; 0.28‑acre property built in 1961; Each unit includes two tandem parking spaces
