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Contingent
    • $550,000

    5837 Raymond Road, Madison, WI 53711

    12beds
    4,990sqft
    : 
    Multi Family, Apartment
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $110/sqft
    $-- HOA

    What's special

    No Showings until 3/6. Investor opportunity with immediate upside potential. This solid brick 4-unit offers rare, oversized 3-bedroom layouts with 1 to 2.5 baths, making it highly attractive to long-term tenants and future rent growth. Current leases are MTM, providing flexibility for a new owner to reposition rents toward market levels, estimated around $1,800 per unit. The partially finished lower level presents potential for an additional unit or added income space (buyer to verify). Key improvements include roof and front windows approximately 10 years old along with some newer water heaters. Well located on Madison?s west side near major employers, shopping, and transit corridors, this property offers both stability and long-term appreciation potential. See 5710 Russett Road, Madison ? seller is open to selling both together
    20 days
    |
    1,179
    |
    83
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: March 11, 2026 at 08:30am

    Listed by:

    Jo Ferraro Real Estate Team Pref:608-838-1377,

    EXP Realty, LLC,

    Michael Ferraro 608-235-1233,

    EXP Realty, LLC

    Source: WIREX MLS,MLS#: 2017218MLS LogoOriginating MLS: South Central Wisconsin MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      • Main level bedrooms: 1
      Heating
      • Natural Gas, Radiant/Electric
      Appliances
      • Included: Water Softener
      Features
      • Basement: Full,Partially Finished,Concrete
      • Has fireplace: No
      Interior area
      • Total structure area: 4,990
      • Total interior livable area: 4,990 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Car, Detached, Outside
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.26 Acres
      Details
      • Parcel number: 060906203091
      • Zoning: SR-V1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      Materials
      • Brick
      Condition
      • 21+ Years
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Electric: Separate Electric Meters
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Separate Electric Meters

      Community & HOA

      Location
      • Region: Madison
      • Municipality: Madison

      Financial & listing details

      • Price per square foot: $110/sqft
      • Tax assessed value: $572,300
      • Annual tax amount: $10,311
      • Date on market: 3/2/2026
      • Inclusions: 4 Stoves/Ovens 4 Fridges, 4 Water Heaters, 3 Dishwashers
      • Exclusions: Tenant Personal Property
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,604/mo

        Price history

        Price history
        DateEventPrice
        3/11/2026Contingent$550,000$110/sqft
        Source: WIREX MLS #2017218 Report a problem
        3/2/2026Listed for sale$550,000+26.4%$110/sqft
        Source: WIREX MLS #2017218 Report a problem
        4/12/2005Sold$435,000$87/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$10,668 +11.5%$545,000 +14.7%
        2023$9,570 $475,000 +17.3%
        2022-- $405,000
        2021-- $405,000 +15.1%
        2020-- $352,000 +5.1%
        2019$6,828 $335,000 +6.3%
        2018$6,828 -2.4%$315,000 +1.9%
        2017$6,996 +16.6%$309,200 +14.9%
        2016$5,998 +0%$269,200 +5.1%
        2014$5,998 -23.1%$256,200
        2013$7,798 +27.3%$256,200
        2012$6,124 -5.7%$256,200 -10.2%
        2011$6,494 +3.6%$285,200
        2010$6,269 -8.1%$285,200 -14.9%
        2009$6,823 -21.3%$335,200 -25%
        2008$8,668 -1.3%$447,200
        2007$8,786 +3.7%$447,200 +4%
        2006$8,472 -0.7%$430,000 +4.7%
        2005$8,534 -1.9%$410,600 +5%
        2004$8,698 +25.3%$391,000
        2003$6,940 +10.7%$391,000 +46.3%
        2002$6,271 +0.2%$267,300 +5%
        2001$6,259 -0.9%$254,600 +2%
        2000$6,316 $249,600

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,416/mo
        Principal & interest
        $2738
        Property taxes
        $678
        More affordability tools

          Climate risks

          Neighborhood: Meadowood

          Getting around

          32 / 100
          Car-Dependent
          36 / 100
          Some Transit
          64 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          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.

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