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!
Sold for $650,000
$650,000
5826 Balsam Rd, Madison, WI 53711
7beds
3,200sqft
Apartment
Built in 1959
-- sqft lot
$665,800 Zestimate®
$203/sqft
$1,571 Estimated rent
Home value
$665,800
$626,000 - $706,000
$1,571/mo
Zestimate® history
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$1,571/mo
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$4,213/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Lori Schilling,
Sprinkman Real Estate
Bought with:
Lori Schilling, 81122-94
Sprinkman Real Estate
Source: SCWMLS,MLS#: 2011440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- Air Conditioning (Unit 1)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1)
- Laundry: Common Area
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1)
- Basement: Full
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 5
- Parking features: Outside
- Details: Outside
Features
- Levels: Two
Lot
- Size: 0.37 Acres
Details
- Parcel number: 060906203182
- Zoning: SR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick, Stone
- Foundation: Block
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 55452
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Sold | $650,000-5.7%$203/sqft |
Source: Public Record Report a problem | ||
| 12/3/2025 | Contingent | $689,000$215/sqft |
Source:  WIREX MLS #2011440 Report a problem | ||
| 11/21/2025 | Price change | $689,000-1.6%$215/sqft |
Source: WIREX MLS #2011440 Report a problem | ||
| 10/29/2025 | Listed for sale | $700,000+32.1%$219/sqft |
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 | ||
| 1/23/2024 | Sold | $530,000-11.7%$166/sqft |
Source: Public Record Report a problem | ||
| 12/11/2023 | Contingent | $600,000$188/sqft |
Source: WIREX MLS #1967845 Report a problem | ||
| 11/28/2023 | Listed for sale | $600,000+21.2%$188/sqft |
Source: WIREX MLS #1967845 Report a problem | ||
| 8/24/2022 | Sold | $495,000+1%$155/sqft |
Source: Public Record Report a problem | ||
| 7/12/2022 | Contingent | $490,000$153/sqft |
Source: WIREX MLS #1938237 Report a problem | ||
| 6/30/2022 | Listed for sale | $490,000+390%$153/sqft |
Source: WIREX MLS #1938237 Report a problem | ||
| 1/4/2012 | Sold | $100,000-19.9%$31/sqft |
Source: Public Record Report a problem | ||
| 11/29/2011 | Listed for sale | $124,900-9.8%$39/sqft |
Source: Restaino & Associates, Inc. #1641284 Report a problem | ||
| 8/4/2011 | Sold | $138,400-47.8%$43/sqft |
Source: Public Record Report a problem | ||
| 1/11/2005 | Sold | $265,000$83/sqft |
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
- 5/10Toki 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: 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
$665,800
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
$665,800
- Wisconsin
- Dane County
- Madison
- 53711
- Meadowood
- 5826 Balsam Rd