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$650,000

  • Sold
  • Closed
  • Apartment
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Fantastic investment opportunity on Madison?s west side! This well-maintained 5-unit property at 5826 Balsam Rd offers a strong rental history and excellent cash flow potential. Each spacious unit features functional layouts, kitchens and baths, and off-street parking. Tenants enjoy convenient access to parks, shopping, dining, and bus routes?making it an easy property to keep fully leased. On-site laundry and separate utilities enhance tenant appeal and owner convenience. Whether you?re expanding your portfolio or seeking a solid first investment, this turnkey multi-family property is a smart buy in a prime location! All new 5th unit is a bonus!

Full Property Details for 5826 Balsam Rd

General

  • Sold For: $650,000
  • Taxes: $9,299 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2011440
  • Added to Site: 79 day(s) ago

Parking

  • Parking Features: Outside

Location

  • Municipality: Madison
  • County: Dane
  • Driving Directions: Raymond Road to Leland Drive to Right on Balsam Road

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.: Brick, Stone
  • Basement Desc.: Full, Block
  • Year Built: 1959

Unit Information

  • Units in Building: 5

Unit 1

  • Square Feet: 650
  • Bedrooms: 1

Unit 2

  • Square Feet: 850
  • Bedrooms: 2

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

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

Financial Considerations

  • Tax Amount: $9,299
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: seller/tenant's personal property
  • Inclusions: (5) of each: ovens/ranges, fridges, wall mounted a/c units. One coin-op washing machine and one coin-op dryer.

Listed and Sold by Sprinkman Real Estate

Listing agent

— 5826 Balsam Rd —

  • Sprinkman Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5826 Balsam Rd

School District:Madison Metropolitan School District
NameGradesDistance
Orchard Ridge Elementary School
5602 Russett Road, Madison, WI 53711
PK-50.5 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5826 Balsam Rd

Date
Details
Price
Change
Source
12/23/2025
Sold
$650,000
-5.66%
MLS
11/21/2025
Price Reduced
$689,000
-1.57%
MLS
10/29/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Sprinkman Real Estate

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5826 Balsam Road, Madison, WI 53711 (MLS# 2011440) is a Apartment property that was sold at $650,000 on December 23, 2025. Want to learn more about 5826 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.