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$660,000 Just Listed

  • For Sale
  • Active
  • Apartment
  • Updated 19 hours ago
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Calling all investors!! Well-maintained four-unit property featuring four identical floor plans, each offering 2 bedrooms, 1 bathroom, and approximately 800 square feet. The property has been cared for by long-term tenants. Recent updates include fresh hallway paint in 2025, updated flooring throughout in 2023, and a new furnace and water heater in Unit 3 in 2025. The property also offers a clean, dry basement with additional storage space. Ideally located on Madison?s West Side, with convenient access to the bus line, shopping, dining, and the many amenities the area has to offer. A great opportunity for investors seeking a well-maintained, income-producing property in a desirable location.

Full Property Details for 5818 Balsam Rd

General

  • Price: $660,000
  • Taxes: $9,019 (2025)
  • Status: Active
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2034356
  • Updated: 10/9/2026
  • Added to Site: Today

Parking

  • Parking Features: Outside

Location

  • Municipality: Madison
  • County: Dane
  • Driving Directions: South on Whitney way, Right on Thrush Lane, Right on Balsam

School Information

  • School District: Madison
  • Elementary School: Orchard Ridge
  • Middle School: Toki
  • High School: Memorial

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Forced Air

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer
  • Utility Description: Separate Electric Meters, Separate Gas Meters

Structural Information

  • Description/Design: Apartment Building, 2 Stories
  • Exterior Const.: Vinyl, Aluminum/Steel, Brick
  • Basement Desc.: Full, Poured Concrete
  • Year Built: 1959

Unit Information

  • Units in Building: 4

Unit 1

  • Square Feet: 800
  • Bedrooms: 2

Unit 2

  • Square Feet: 800
  • Bedrooms: 2
  • Primary Bedroom: Main Level, 15 x 10
  • Bedroom 2: Main Level, 11 x 9
  • Living Room: Main Level, 15 x 12,
  • Kitchen: Main Level, 16 x 8,

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

  • Lot Size Source: Assessor/Public Record
  • Zoning: SR-V1

Financial Considerations

  • Tax Amount: $9,019
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Seller and Tenants personal property.
  • Inclusions: Range / Oven (4), Refrigerator (3)

Listed by RE/MAX Preferred

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— 5818 Balsam Rd —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 5818 Balsam Rd

School District:Madison Metropolitan School District
NameGradesDistance
Orchard Ridge Elementary School
5602 Russett Road, Madison, WI 53711
PK-50.4 mi
Toki Middle School
5606 Russett Road, Madison, WI 53711
6-80.4 mi
Memorial High School, Madison, WI
201 South Gammon Road, Madison, WI 53717
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5818 Balsam Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Listed
$660,000
11.86%
MLS
5/07/2025
Sold
$590,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5818 Balsam Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,019
11%
$488,300
5%
2024
$8,148
25%
$465,000
15%
2022
$6,514
1%
$405,000
22%
2021
$6,428
5%
$333,000
10%
2021
$6,100
—
$303,000
10%
2020
$6,100
-2%
$275,000
—
2019
$6,194
6%
$275,000
8%
2018
$5,817
6%
$255,000
10%
2017
$5,473
1%
$231,300
4%
2016
$5,410
4%
$222,300
5%
2015
$5,224
2%
$211,300
—
2014
$5,119
-3%
$211,300
—
2013
$5,256
—
$211,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5818 Balsam Road, Madison, WI 53711 (MLS# 2034356) is a Apartment property with 0 bedrooms and 0 full bathrooms. 5818 Balsam Road is currently listed for $660,000 and was received on October 09, 2026. Want to learn more about 5818 Balsam Road? Do you have questions about finding other Apartment real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

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