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$722,000 -$28,000 (-3.73%) Price Reduced

  • For Sale
  • Active
  • Apartment
  • Updated 6 days ago
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Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property has its own water softener. Shared basement coin-operated laundry provides convenient tenant access and additional owner income ( $200/mo). Approximately half the basement is secured landlord storage, including a small finished office?can be used for supplies, records, or on-site management. All units rented, two with long term tenants in place. Convenient Madison location near shopping, dining, parks, transit, and commuter routes.

Full Property Details for 5830 Balsam Rd

General

  • Price: $722,000
  • Taxes: $9,058 (2025)
  • Status: Active
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2032345
  • Updated: 9/23/2026
  • Added to Site: 19 day(s) ago

Interior

  • Interior Features: Water Softener

Parking

  • Parking Features: 2 Spaces, Outside

Location

  • Municipality: Madison
  • County: Dane
  • Subdivision: Meadowood
  • Driving Directions: Take Whitney Way exit (exit 257) South, right onto Raymond Rd, left onto Leland Dr, right onto Balsam Rd.

School Information

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

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Steam

Utilities

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

Structural Information

  • Description/Design: Apartment Building, 2 Stories
  • Exterior Const.: Brick
  • Basement Desc.: Full, Partially Finished, Poured Concrete
  • Year Built: 1961

Unit Information

  • Units in Building: 4

Unit 1

  • Square Feet: 777
  • Bedrooms: 2

Unit 2

  • Square Feet: 777
  • 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: $9,058
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Seller's and tenant's personal property.
  • Inclusions: 4 ranges/ovens, 4 refrigerators, 2 microwaves, 2 dryers, 1 washer.

Listed by Keller Williams Realty

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— 5830 Balsam Rd —

  • Keller Williams Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 5830 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5830 Balsam Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/23/2026
Price Reduced
$722,000
-3.73%
MLS
9/10/2026
Listed
$750,000
60.6%
MLS
5/31/2022
Sold
$467,000
—
Public Record
Get Price Alerts and Save Property
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 5830 Balsam Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,058
11%
$490,400
5%
2024
$8,184
5%
$467,000
—
2022
$7,762
1%
$467,000
18%
2021
$7,654
19%
$396,000
10%
2021
$6,437
—
$360,000
24%
2020
$6,437
5%
$290,000
5%
2019
$6,124
8%
$275,000
8%
2018
$5,665
12%
$255,000
16%
2017
$5,054
23%
$220,000
26%
2016
$4,115
4%
$175,000
5%
2015
$3,965
-2%
$167,000
—
2014
$4,046
-1%
$167,000
—
2013
$4,079
—
$167,000
—
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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5830 Balsam Road, Madison, WI 53711 (MLS# 2032345) is a Apartment property with 0 bedrooms and 0 full bathrooms. 5830 Balsam Road is currently listed for $722,000 and was received on September 10, 2026. Want to learn more about 5830 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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