Listed by Lauren Martinson • RE/MAX Preferred (Lauren@TheBlueprintGroup.com).
For sale
$660,000
Est. $4,530/mo —
8
bd
•
4 ba
•
—
sq ft
5818 Balsam Rd, Madison, WI 53711
About this home
Calling all investors!! Well-maintained four-unit property featuring four identical floor plans, each offering 2 bedrooms, 1 bathroom, and approximately 800 square feet. The property has been cared for by long-term tenants. Recent updates include fresh hallway paint in 2025, updated flooring throughout in 2023, and a new furnace and water heater in Unit 3 in 2025. The property also offers a clean, dry basement with additional storage space. Ideally located on Madison?s West Side, with convenient access to the bus line, shopping, dining, and the many amenities the area has to offer. A great opportunity for investors seeking a well-maintained, income-producing property in a desirable location.
Meadowood, located between the Beltline (US-12/18) and the Capital City Trail, is a residential and park-oriented Madison neighborhood with wooded greenways and mid-century streetscapes. The neighborhood’s character concentrates around the Meadowood Neighborhood Center campus, where community rooms, a playground, and courts set a steady, everyday rhythm. Ranch houses and split-levels sit along curving roads and cul-de-sacs, with pockets of apartments near main arterials. Meadowood Park and the adjacent Odana Hills Golf Course shape the landscape with open fairways and tree cover. The Capital City Trail adds a commuter-friendly spine for biking and walking. Nearby West Towne Mall and the Odana Road corridor bring retail and dining without changing the quiet interior blocks.
Provided by Walk Score and Local Logic
Offer insights
5818 Balsam Rd · $660,000
$670K and above
75% chance or better to win
Why $670K+ is a strong offer
DAYS ON MARKET
8 days
The average home goes pending in 45 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Bedrooms
Four 2-bedroom units
Bathrooms
Three units have one full bathroom each
Kitchen
Ranges/Ovens in four units
Refrigerators in three units
Heating & cooling
Forced-air heating
Natural gas heat
Home design
Multi-family apartment building
1–2 stories
Parking
Outside parking
Construction
Vinyl, aluminum/steel, and brick exterior
Utilities
Municipal water and sewer
Separate electric and gas meters
Electricity and solar
View estimated energy costs and solar savings for this home
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
Oct 9, 1996 • Final
Permitting/building/repairreplace/construction
Tear off and replace shingles on a residential building.
Roofing
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.
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
85
66
79
61
77
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.
9.8 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5818 Balsam Rd
$660,119
$119 over list price of $660K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $515K to $755K.