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!
Closed
$650,000
5826 Balsam Road, Madison, WI 53711
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1959
-- sqft lot
$670,200 Zestimate®
$--/sqft
$1,547 Estimated rent
Home value
$670,200
$630,000 - $710,000
$1,547/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,547/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,547/mo
Rent Zestimate®
Refinance and save
$4,181/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$4,181/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Lori Schilling 608-279-4313,
Sprinkman Real Estate
Bought with:
Lori Schilling
Source: WIREX MLS,MLS#: 2011440
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Block
- Has fireplace: No
Property
Parking
- Parking features: Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.37 Acres
Details
- Parcel number: 060906203182
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Stone
Condition
- 21+ Years
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $650,000-5.7% |
Source:  WIREX MLS #2011440 Report a problem | ||
| 12/3/2025 | Contingent | $689,000 |
Source: WIREX MLS #2011440 Report a problem | ||
| 11/21/2025 | Price change | $689,000-1.6% |
Source: WIREX MLS #2011440 Report a problem | ||
| 10/29/2025 | Listed for sale | $700,000+32.1% |
Source: WIREX MLS #2011440 Report a problem | ||
| 6/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/31/2024 | Listed for rent | $1,049 |
Source: Zillow Rentals Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/12/2024 | Listed for rent | $1,049 |
Source: Zillow Rentals Report a problem | ||
| 1/19/2024 | Sold | $530,000-11.7% |
Source: WIREX MLS #1967845 Report a problem | ||
| 12/11/2023 | Contingent | $600,000 |
Source: WIREX MLS #1967845 Report a problem | ||
| 11/28/2023 | Listed for sale | $600,000+21.2% |
Source: WIREX MLS #1967845 Report a problem | ||
| 8/22/2022 | Sold | $495,000+1% |
Source: WIREX MLS #1938237 Report a problem | ||
| 7/12/2022 | Contingent | $490,000 |
Source: WIREX MLS #1938237 Report a problem | ||
| 6/30/2022 | Listed for sale | $490,000+390% |
Source: WIREX MLS #1938237 Report a problem | ||
| 1/4/2012 | Sold | $100,000-19.9% |
Source: Public Record Report a problem | ||
| 11/29/2011 | Listed for sale | $124,900-9.8% |
Source: Restaino & Associates, Inc. #1641284 Report a problem | ||
| 8/4/2011 | Sold | $138,400-47.8% |
Source: Public Record Report a problem | ||
| 1/11/2005 | Sold | $265,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,375 +4% | $530,000 +7.1% |
| 2023 | $9,973 | $495,000 +23.1% |
| 2022 | -- | $402,000 +10.1% |
| 2021 | -- | $365,000 +24.1% |
| 2020 | -- | $294,000 +5% |
| 2019 | $5,665 | $280,000 +9.8% |
| 2018 | $5,665 +2.8% | $255,000 +6.4% |
| 2017 | $5,511 +9.2% | $239,600 +7.6% |
| 2016 | $5,045 -0.1% | $222,600 +5.2% |
| 2014 | $5,049 -15.3% | $211,600 |
| 2013 | $5,962 +18.2% | $211,600 |
| 2012 | $5,045 -5.3% | $211,600 -9.8% |
| 2011 | $5,328 +3.6% | $234,600 |
| 2010 | $5,143 -8.1% | $234,600 -14.9% |
| 2009 | $5,597 +5.1% | $275,600 |
| 2008 | $5,327 -1.6% | $275,600 |
| 2007 | $5,414 +3.7% | $275,600 +4% |
| 2006 | $5,221 -4.8% | $265,000 +0.4% |
| 2005 | $5,487 +4.4% | $264,000 +11.7% |
| 2004 | $5,257 -4% | $236,300 |
| 2003 | $5,477 +10.7% | $236,300 +12% |
| 2002 | $4,950 -4.6% | $211,000 |
| 2001 | $5,187 -0.9% | $211,000 +2% |
| 2000 | $5,235 | $206,900 |
Find assessor info on the county website
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Orchard Ridge
- Middle: Toki
- High: Memorial
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
$670,200
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
$670,200
- Wisconsin
- Dane County
- Madison
- 53711
- Meadowood
- 5826 Balsam Road