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5830 Balsam Rd

Madison WI 53711

8
4
1554 sq. ft.
0.28 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

8 bedrooms
4 bathrooms
1554 sq. ft. floor area
0.28 ac. lot size
Multi-Family

Property history for 5830 Balsam Rd

2022
Sold
$467,000
31 May 2022 by Richele Reiske, of Walker Realty Group, LLC
2019
Sold
$260,000
12 Jun 2019

Happy sellers in Madison

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We have insufficient information to provide an overview of customer satisfaction for Madison. Viewing the agent profiles, reviews and sales for Madison can provide insights for this location.

Local market activity for 8 bedroom multi families in Madison

In the last 12 months, 2 eight-bedroom multi families similar to 5830 Balsam Rd, have been sold.

This represents a 72% increase in eight-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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