4-Unit
For Sale
$722,000
5830 Balsam Road, Madison, WI 53711
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.28 Acres
Days on Market28
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 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2, Bedroom 4
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
split-system AC/heat pumps
shared basement coin-operated laundry
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 30
Last Checked: Oct 7 at 12:06AM
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 4-unit residential property was built in 1961 and occupies 0.28 acres. Improvements include new windows in 2026, insulated walls and attic completed in 2023, and a water heater installed in 2022. Two upper residences have updated flooring. Each unit has split-system AC/heat pumps and two tandem parking spaces. Electricity is separately metered and paid by tenants; the owner covers heat and water/sewer. A property water softener serves the building.
Shared basement amenities include coin-operated laundry and secured landlord storage occupying about half the basement. The storage area includes a small finished office. All four units are rented, including two with long-term tenants. The property is zoned SR-V1.
Shared basement amenities include coin-operated laundry and secured landlord storage occupying about half the basement. The storage area includes a small finished office. All four units are rented, including two with long-term tenants. The property is zoned SR-V1.
Key Highlights
- 4‑unit property on 0.28 acres; built in 1961
- All four units are rented; two have long‑term tenants
- Each unit has two tandem parking spaces
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
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 - All four residences are leased, with tenant-paid separately metered electricity and shared coin-operated laundry.
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 $722,000.
What are key features of this property?
This property features: 4‑unit property on 0.28 acres; built in 1961; All four units are rented; two have long‑term tenants; Each unit has two tandem parking spaces
