Listed by Iza Korwel • Keller Williams Realty (Pref: 608-292-5012).
For sale
$690,000
Est. $4,705/mo —
8
bd
•
4 ba
•
—
sq ft
5830 Balsam Rd, Madison, WI 53711
Price drop
List price was lowered by $32K. Tour it before it's gone!
Tomorrow:
About this home
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.
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
Market insights
5830 Balsam Rd · $690,000
DAYS ON MARKET
40 days
The average home goes pending in 45 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
LIST PRICE
$690,000
Median list price in this area is $591,739. (14% lower than this home)
PRICE DROP
2 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Water softener
Bedrooms
Four units each with 2 bedrooms
Bathrooms
Each unit has 1 full bathroom
Kitchen
Four ranges/ovens
Four refrigerators
Two microwaves
Laundry & utility
Two dryers
One washer
Separate electric meters
Heating & cooling
Steam heating fueled by natural gas
Exterior features
Brick exterior
0.28-acre lot
Zoned SR-V1
Located in the Meadowood subdivision
Home design
Apartment building (multi-family)
2-story building
Parking
Two outdoor parking spaces
Construction
1–2 stories
Utilities
Municipal water
Municipal sewer
Financial info
Improvement value listed at $366,400
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
—
Stories
—
Lot width
84 ft.
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Dane County
APN
0609-062-0317-4
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Aug 4, 2023.
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 18, 2023 • Final
Repair or replace hvac
HVAC
Nov 17, 2022 • Final
Repair or replace plumbing
Plumbing
Water heater
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
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Madison. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5830 Balsam Rd
$667,476
$23K under list price of $690K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $384K to $537K.