Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Owner occupy is also an option. Great floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure manager maintenance room with additional storage and work area is another perk of ownership. Expertly managed & well maintained.
Sold for $600,000
$600,000
5718 Balsam Rd, Madison, WI 53711
8beds
3,600sqft
Apartment
Built in 1962
-- sqft lot
$621,300 Zestimate®
$167/sqft
$1,720 Estimated rent
Home value
$621,300
$584,000 - $665,000
$1,720/mo
Zestimate® history
Owner options
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$3,922/mo
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Zillow last checked:
Listing updated:
Listed by:
Lori Schilling,
Sprinkman Real Estate
Bought with:
Mark Gladue, 56190-90
Lauer Realty Group, Inc.
Source: SCWMLS,MLS#: 1993806
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 3), Individual Heat Control (Unit 4)
Cooling
- Air Conditioning (Unit 1), Air Conditioning (Unit 2), Air Conditioning (Unit 3), Air Conditioning (Unit 4)
Appliances
- Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Dishwasher (Unit 2), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4), Water Softener Owned
Features
- Eat In Kitchen (Unit 1), Separate Storage (Unit 1), Eat In Kitchen (Unit 2), Separate Storage (Unit 2), Eat In Kitchen (Unit 3), Separate Storage (Unit 3), Eat In Kitchen (Unit 4), Separate Storage (Unit 4)
- Basement: Full
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 4
- Parking features: 1 space, Outside
- Details: Outside
Features
- Levels: Two
Lot
- Size: 0.27 Acres
- Features: Near Public Transit
Details
- Parcel number: 060906202077
- Zoning: SR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Foundation: Poured concrete foundatn
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Internet - Cable
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 43164
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $600,000+29%$167/sqft |
Source: SCWMLS #1993806 Report a problem | ||
| 12/15/2023 | Sold | $465,000+1.1%$129/sqft |
Source: SCWMLS #1965849 Report a problem | ||
| 11/1/2023 | Pending sale | $460,000$128/sqft |
Source:  WIREX MLS #1965849 Report a problem | ||
| 10/26/2023 | Listed for sale | $460,000$128/sqft |
Source: WIREX MLS #1965849 Report a problem | ||
| 10/22/2023 | Contingent | $460,000$128/sqft |
Source: WIREX MLS #1965849 Report a problem | ||
| 10/19/2023 | Listed for sale | $460,000+24.3%$128/sqft |
Source: WIREX MLS #1965849 Report a problem | ||
| 8/19/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/26/2021 | Listed for rent | $925 |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/21/2020 | Sold | $370,000$103/sqft |
Source: Agent Provided Report a problem | ||
| 11/19/2020 | Pending sale | $370,000$103/sqft |
Source: MadisonFlatFeeHomes.com #1898005 Report a problem | ||
| 11/16/2020 | Listed for sale | $370,000$103/sqft |
Source: MadisonFlatFeeHomes.com #1898005 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Toki Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Orchard Ridge
- Middle: Toki
- High: Memorial
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$621,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$621,300
- Wisconsin
- Dane County
- Madison
- 53711
- Meadowood
- 5718 Balsam Rd
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