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8 Beds
4 Baths
1,554 sqft

$690,000

5830 Balsam Road, Madison WI, 53711

Price per sqft$444.02
Built in1961
Property size1,554 sqft
Property typeMulti-family
Courtesy of Keller Williams Realty, Iza Korwel

Overview

Active

Listed Sep 10, 2026

Updated 3 days ago

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.

$4,591/mo

Est. mortgage payment based on a $690,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2032345

Interior Features

Bedrooms
8
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.28 Acres

Other Property Details

Taxes
$9,058
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of Keller Williams Realty, Iza Korwel

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 

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Data last updated 5:25 AM UTC, 10/15/2026

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