Listed by Lori Schilling • Sprinkman Real Estate. Bought with Sprinkman Real Estate.
Off Market Dec 2025 for $650K
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Est. refi paymentEst. refi$4,147/mo
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bd
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sq ft
5826 Balsam Rd, Madison, WI 53711
About this home
Public Remarks: 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!
Living In Madison Real Estate Group • Keller Williams Realty
See all
Provided by Redfin
Sale history for 5826 Balsam Rd
Date
Event
Price
SCWMLS #2011440
Dec 23, 2025
Sold
$650,000
Dec 3, 2025
Contingent
—
Nov 21, 2025
Price Changed
$689,000
Oct 29, 2025
Listed
$700,000
Public Records
Jan 23, 2024
Sold
$530,000
Public Records
Jan 11, 2005
Sold
$265,000
Public Records
Sep 27, 2001
Sold
$200,000
Year
Property tax
Land + Additions
Assessment*
2025
$9,797 (+5.4%)
$136,000 + $394,000
$530,000
2024
$9,299 (−19.9%)
$136,000 + $394,000
$530,000
2023
$11,615 (+47.4%)
$124,000 + $371,000
$495,000
2022
$7,881 (+1.5%)
$113,000 + $289,000
$402,000
2021
$7,761 (+18.9%)
$103,000 + $262,000
$365,000
2020
$6,526 (+3.9%)
$103,000 + $191,000
$294,000
2019
$6,282 (+10.9%)
$103,000 + $177,000
$280,000
2018
$5,665 (+2.8%)
$102,300 + $152,700
$255,000
2017
$5,511 (+4.8%)
$102,300 + $137,300
$239,600
2016
$5,256 (+2.5%)
$98,300 + $124,300
$222,600
2014
$5,126 (−1.2%)
$98,300 + $113,300
$211,600
2013
$5,188
$98,300 + $113,300
$211,600
Tax history for 5826 Balsam Rd
Year
Property tax
Land + Additions
Assessment*
2025
$9,797 (+5.4%)
$136,000 + $394,000
$530,000
2024
$9,299 (−19.9%)
$136,000 + $394,000
$530,000
2023
$11,615 (+47.4%)
$124,000 + $371,000
$495,000
2022
$7,881 (+1.5%)
$113,000 + $289,000
$402,000
2021
$7,761 (+18.9%)
$103,000 + $262,000
$365,000
2020
$6,526 (+3.9%)
$103,000 + $191,000
$294,000
2019
$6,282 (+10.9%)
$103,000 + $177,000
$280,000
2018
$5,665 (+2.8%)
$102,300 + $152,700
$255,000
2017
$5,511 (+4.8%)
$102,300 + $137,300
$239,600
2016
$5,256 (+2.5%)
$98,300 + $124,300
$222,600
2014
$5,126 (−1.2%)
$98,300 + $113,300
$211,600
2013
$5,188
$98,300 + $113,300
$211,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
8
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
1959
Sq. Ft.
3,922
Year built
1959
Style
Multi-Family (5+ Unit)
County
Dane County
APN
060906203182
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 6, 2026.
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
Aug 2, 2024 • Final
Repair or replace electrical
Electrical
Electric meter
Apr 2, 2024 • Final
Repair or replace electrical
Electrical
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
Parking
Parking Information
Parking: Outside
Interior
Room Information
Full, Block
Multi-Unit Information
# of Units: 5
Unit 1 Information
Sq. Ft.: 650
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 1
Unit 2 Information
Sq. Ft.: 850
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Unit 3 Information
Sq. Ft.: 850
# of Baths (Full): 1
# of Bedrooms: 2
Unit 4 Information
Sq. Ft.: 850
# of Bedrooms: 2
# of Baths (1/2): 0
# of Baths (Full): 1
Exterior
Building Information
Building Type: Apartment Building, 2 Story
Stories: 1-2
Exterior
Exterior: Brick, Stone
Property Information
Stories: 1-2
Multi-Family
Improvement Value: $394,000
Information Source Year Built: Owner
Lot Information
Lot Acreage: 0.37
Zoning: SR-V1
Financial
Assessment Information
Land Assessment Value: $136,000
Total Assessment: $530,000
Tax Information
Total Taxes: $9,299
Tax Year: 2024
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters, Separate Gas Meters
Heating/Cooling: Forced Air
Natural Gas
Location
Neighborhood Information
Municipality: MADISON
Municipality Type: City
School Information
School District: Madison
Elementary School: Orchard Ridge
Middle School: Toki
High School: Memorial
Public facts
Beds: 8
Baths: 5.0
Sq. Ft.: 3,922
Stories: 2.0
Lot Size: 0.37 acres
Style: Multi-Family (5+ Unit)
Year Built: 1959
Year Renovated: 1959
County: Dane County
APN: 060906203182
Home facts updated by county records on Aug 6, 2026
Other
Listing Information
SaleType: Arms Length
Inclusions: (5) of each: ovens/ranges, fridges, wall mounted a/c units. One coin-op washing machine and one coin-op dryer.
Exclusions: seller/tenant's personal property
Around this home
Schools
Orchard Ridge Elementary School
Public PreK-5 • Assigned • 0.5mi
6/10
Toki Middle School
Public 6-8 • Assigned • 0.4mi
5/10
Memorial High School
Public 9-12 • Assigned • 2.4mi
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
80
62
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.