Listed by Sue Romens • First Weber Inc. Bought with Keller Williams Realty.
Off Market Dec 2020 for $495K
$696,404
Est. refi paymentEst. refi$3,167/mo
10
bd
•
6 ba
•
—
sq ft
5833 Balsam Rd, Madison, WI 53711
About this home
Public Remarks: Remarkable potential CASH FLOWING OPPORTUNITY to own 2 adjacent 4 unit townhouse bldgs w/ courtyard, patios & long term tenants. Fair market rents are $1000-$1100+/mo/2Bd & $1100-$1200+/mo/3Bd. Additional improvements will result in even greater net income. Well maintained bldgs are adjacent to single family homes, Meadowood park, Community Gardens, playground & at end of street w/ free parking. Seller updates include: newer appliances, flooring, windows, mechanicals, 12'x14' outdoor patios in courtyard. 3 of 4 units leased till 2021; great opportunity for immediate owner occupancy. Perfect location on Westside; just minutes from EPIC, Exact Sciences, Promega, Downtown, UW hospitals, EPIC, Middleton & Verona. Own 8 units: Easy maintenance, long term investment, cash flow & tax deductions.
Multi-familyProperty Type
1964Year Built
9,583 sq ftLot Size
2 spacesParking
Listed by Sue Romens• First Weber Inc
Listed by Rachel Romens• First Weber Inc
Bought with Joffre Pedretti• Keller Williams Realty
*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
10
Baths
6
Stories
2
Lot width
65 ft.
Lot depth
—
Lot size
9,748 Sq. Ft.
Year renovated
1964
Sq. Ft.
4,254
Year built
1964
Style
Multi-Family (5+ Unit)
County
Dane County
APN
060906204081
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
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
Mar 21, 2022 • Final
Repair or replace plumbing
Remove and replace water heaters.
Plumbing
Water heater
Oct 11, 2001 • Final
Permitting/building/repairreplace/hvac
HVAC
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: 1 Space, 2 Spaces, Outside
Interior
Interior Features
Water Softener
Room Information
Full, Partially Finished, Poured Concrete
Multi-Unit Information
# of Units: 4
Unit 1 Information
Sq. Ft.: 925
# of Baths (1/2): 1
# of Baths (Full): 1
# of Bedrooms: 2
Dining Area Description: Level - Main
Dining Area Dimensions: 8 x 12
Other Room1 Name: Rec Room
Other Room1 Level: Lower
Other Room2 Name: Foyer
Other Room2 Level: Main
Other Room2 Dimensions: 4 x 7
Unit 2 Information
Sq. Ft.: 1,202
# of Baths (1/2): 1
# of Baths (Full): 1
# of Bedrooms: 3
Master Bedroom Description: Upper Level
Master Bedroom Dimensions: 10 x 14
Bedroom 2 Description: Upper Level
Bedroom 2 Dimensions: 10 x 11
Bedroom 3 Description: Upper Level
Bedroom 3 Dimensions:
Living/Great Room Dimensions: 13 x 15
Kitchen Description: Main Level
Kitchen Dimensions: 8 x 10
Dining Area Description: Level - Main
Dining Area Dimensions: 8 x 12
Other Room1 Name: Rec Room
Other Room1 Level: Lower
Other Room2 Name: Foyer
Other Room2 Level: Main
Other Room2 Dimensions: 4 x 7
Unit 3 Information
# of Baths (1/2): 1
# of Baths (Full): 1
# of Bedrooms: 3
Unit 4 Information
# of Bedrooms: 2
# of Baths (1/2): 1
# of Baths (Full): 1
Exterior
Building Information
Building Type: 2 Story
Stories: 1-2
Environmentally Friendly: WI Energy Star Certification, Energy Star Appliances, Low Energy Windows
Exterior
Exterior: Wood, Brick
Property Information
Stories: 1-2
Multi-Family
Information Source Year Built: Assessor/Public Record
Lot Information
Lot Acreage: 0.22
Zoning: SR-V1
Subdivision
Subdivision: Meadowood
Financial
Tax Information
Total Taxes: $6,462
Tax Year: 2019
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: 10
Baths: 6.0
Sq. Ft.: 4,254
Stories: 2.0
Lot Size: 9,748 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1964
Year Renovated: 1964
County: Dane County
APN: 060906204081
Home facts updated by county records on Aug 6, 2026
Other
Listing Information
SaleType: Arms Length
Inclusions: Refrigerators (4), stoves/ovens (4), dishwashers (4), disposals (4), washers (4), electric dryers (3), shed, furnaces (4), water heaters (4), water softeners (4), A/C wall units (4), outdoor parking spaces (6)
Exclusions: Seller and Tenants? personal belongings
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 • 2.5mi
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
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.