4-Unit Apartment
For Sale
$690,000
5830 Balsam Road, Madison, WI 53711
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.28 Acres
Days on Market55
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
Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 7, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 1, Bedroom 4, 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
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
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: Oct 28
Last Checked: Nov 3 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.
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Investment Insights
Based on property information with market context.
Built in 1961, this four-unit property includes split-system AC/heat pumps in every residence and a shared basement laundry room with coin-operated machines. Two upper-level units have updated flooring. Improvements include replacement windows in 2026, wall and attic insulation in 2023, and a water heater installed in 2022. A water softener serves the property. Each residence has two tandem parking spaces and separately metered electricity; tenants pay electric service, while the owner covers heat and water/sewer.
The 0.28-acre property is in Madison, near shopping, dining, parks, transit, and commuter routes. All units are rented, including two with long-term tenants. About half of the basement is secured for landlord storage, alongside a small finished office.
The 0.28-acre property is in Madison, near shopping, dining, parks, transit, and commuter routes. All units are rented, including two with long-term tenants. About half of the basement is secured for landlord storage, alongside a small finished office.
Key Highlights
- Four rented units; two have long‑term tenants
- Each unit has split‑system AC/heat pump and two tandem parking spaces
- Separately metered electricity; tenants pay electric, owner pays heat and water/sewer
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are rented, with tenant-paid electricity and owner-paid heat and water/sewer.
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 $690,000.
What are key features of this property?
This property features: Four rented units; two have long‑term tenants; Each unit has split‑system AC/heat pump and two tandem parking spaces; Separately metered electricity; tenants pay electric, owner pays heat and water/sewer
