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  • $570,000

    5837 Raymond Road, Madison, WI 53711

    12beds
    4,990sqft
    Multi Family, Apartment
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $114/sqft
    $1,542 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,542/mo

    Zestimate® history
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    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

    Zillow last checked:

    Listing updated:

    Listed by:

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

    EXP Realty, LLC,

    Michael Ferraro 608-235-1233,

    EXP Realty, LLC

    Bought with:

    Corey Fischbach

    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

    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
    • Special conditions: Arms Length

    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 & neighborhood

    Location
    • Region: Madison
    • Municipality: Madison

    Price history

    DateEventPrice
    4/17/2026Sold$570,000+3.6%$114/sqft
    Source: WIREX MLS #2017218 Report a problem
    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

    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

    Neighborhood: Meadowood

    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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