Listed by The Opportunity Team • Keller Williams Realty (Pref: 608-698-8503). Bought with Sprinkman Real Estate.
Off Market Apr 2025 for $600K
$571,320
Est. refi paymentEst. refi$3,636/mo
8
bd
•
4 ba
•
3,328
sq ft
5718 Balsam Rd, Madison, WI 53711
About this home
Public Remarks: Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Desirable floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure owner/property manager maintenance room with additional storage and work area is another perk of ownership.
Multi-familyProperty Type
1962Year Built
0.27 acresLot Size
$172Est. Price/Sq.Ft.
1 spaceParking
Listed by The Opportunity Team• Keller Williams Realty
Bought with Lori Schilling• Sprinkman Real Estate
Source:SCWMLS as distributed by WIREX #1965849
Redfin Estimate
$571,320
$29K since sold in April 2025
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 11.3% higher than the average sale price ($513K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
SR-V1
Suburban Residential-Varied 1 District
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types, typically located in the outlying parts of the City, and to promote and encourage a suitable environment for family life while accommodating a full range of life-cycle housing. The districts are also intended to; Ensure that new buildings and additions to existing buildings are designed with sensitivity to their context in terms of building placement, facade width, height and proportions, garage and driveway placement, landscaping, and similar design features; Maintain and improve the viability of existing housing of all types, while encouraging the updating of older housing in a context-sensitive manner; Maintain or increase compatibility between residential and other allowed uses, and between different housing types, where permitted, by maintaining consistent building orientation and parking placement and screening; Facilitate the preservation, development or redevelopment goals of the comprehensive plan and of adopted neighborhood, corridor or special area plans.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Communications tower
Park & open space
Dec 12, 2016 • Final
Repair or replace building
Roofing
Jun 25, 2015 • Final
Repair or replace electrical
Electrical
Kitchen
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,664
Basement Type: Full
Bathroom Information
# of Full Baths: 4
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Concrete
Building Construction Quality: Below Average
Exterior Wall: Brick
Roof Shape Type: Flat
Building Type: Apartment
Property Information
Subdivision Name: FOURTH ADD
Living Sq. Ft: 3,328
Ground Floor Sq. Ft: 1,664
Building Sq. Ft: 4,992
# of Units: 1
# of Stories: 2
Legal Description: FOURTH ADDITION TO MEADOWOOD, LOT 247, EXC W 15 FT THEREOF
Lot Information
# of Buildings: 1
Land Sq. Ft: 11,909
Legal Lot Number: 247
Municipality Name: CITY OF MADISON
Acres: 0.2734
County Use Description: COMMERCIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,328
Stories: 2.0
Lot Size: 0.27 acres
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: 1962
County: Dane County
APN: 060906202077
Home facts updated by county records on Aug 6, 2026
Around this home
Schools
Orchard Ridge Elementary School
Public PreK-5 • Assigned • 0.3mi
6/10
Toki Middle School
Public 6-8 • Assigned • 0.2mi
5/10
Memorial High School
Public 9-12 • Assigned • 2.5mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Madison, WI • 53711
Average low and high temperatures (°F)
26
11
35
18
52
31
61
41
71
48
81
61
84
66
79
61
78
56
66
46
47
34
32
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.5 hours in December, placing it below the
U.S. average for solar exposure.