Listed by Ferraro Real Estate Team • EXP Realty, LLC (Pref: 608-838-1377). Bought with NextHome Strategy.
Sold on Apr 2026
$570,000
12
bd
•
6 ba
•
—
sq ft
5837 Raymond Rd, Madison, WI 53711
About this home
Public Remarks: No Showings until 3/6. Investor opportunity with immediate upside potential. This solid brick 4-unit offers rare, oversized 3-bedroom layouts with 1 to 2.5 baths, making it highly attractive to long-term tenants and future rent growth. Current leases are MTM, providing flexibility for a new owner to reposition rents toward market levels, estimated around $1,800 per unit. The partially finished lower level presents potential for an additional unit or added income space (buyer to verify). Key improvements include roof and front windows approximately 10 years old along with some newer water heaters. Well located on Madison?s west side near major employers, shopping, and transit corridors, this property offers both stability and long-term appreciation potential. See 5710 Russett Road, Madison ? seller is open to selling both together
Multi-familyProperty Type
1961Year Built
0.26 acresLot Size
1 car garageParking
Listed by Ferraro Real Estate Team• EXP Realty, LLC
Living In Madison Real Estate Group • Keller Williams Realty
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Sale and tax history for 5837 Raymond Rd
Sale History
Tax History
Date
Event
Price
SCWMLS #2017218
Apr 17, 2026
Sold
$570,000
Mar 11, 2026
Contingent
—
Mar 2, 2026
Listed
$550,000
Public Records
Apr 12, 2005
Sold
$435,000
Public Records
Apr 18, 2003
Sold
$391,000
Year
Property tax
Land + Additions
Assessment*
2025
$10,312 (+9.8%)
$117,000 + $455,300
$572,300
2024
$9,396 (+13.7%)
$117,000 + $428,000
$545,000
2023
$8,266 (+7.9%)
$106,000 + $369,000
$475,000
2022
$7,662 (−7.9%)
$96,000 + $309,000
$405,000
2021
$8,318 (+8.9%)
$87,000 + $318,000
$405,000
2020
$7,636 (+5.2%)
$87,000 + $265,000
$352,000
2019
$7,259 (+6.3%)
$87,000 + $248,000
$335,000
2018
$6,828 (−2.4%)
$86,100 + $228,900
$315,000
2017
$6,996 (+12.1%)
$86,100 + $223,100
$309,200
2016
$6,240 (+0.5%)
$83,100 + $186,100
$269,200
2014
$6,207 (−0.9%)
$83,100 + $173,100
$256,200
2013
$6,262
$83,100 + $173,100
$256,200
Public record
Public record
Zoning
Permits
Beds
12
Baths
6
Stories
2
Lot width
73 ft.
Lot depth
—
Lot size
0.26 Acres
Year renovated
1961
Sq. Ft.
5,326
Year built
1961
Style
Multi-Family (5+ Unit)
County
Dane County
APN
060906203091
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
Apr 2, 2015 • Final
New commercial construction
Roofing
Jun 17, 2004 • Final
Repair or replace plumbing
Bathroom
Kitchen
Plumbing
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
Garage Information
# of Garage Parking Spaces (Total): 1
Garage: 1 Car, Detached
Interior
Interior Features
Water Softener
Room Information
Full, Partially Finished, Poured Concrete
Multi-Unit Information
# of Units: 4
Unit 1 Information
Sq. Ft.: 1,870
# of Baths (1/2): 1
# of Baths (Full): 2
# of Bedrooms: 3
Unit 2 Information
Sq. Ft.: 1,000
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 3
Master Bedroom Description: Main Level
Master Bedroom Dimensions: 11 x 11
Living/Great Room Dimensions: 18 x 12
Kitchen Description: Main Level
Kitchen Dimensions: 15 x 9
Unit 3 Information
Sq. Ft.: 1,120
# of Baths (1/2): 1
# of Baths (Full): 1
# of Bedrooms: 3
Unit 4 Information
Sq. Ft.: 1,000
# of Bedrooms: 3
# of Baths (1/2): 0
# of Baths (Full): 1
Exterior
Building Information
Building Type: Apartment Building, 2 Story
Stories: 1-2
Exterior
Exterior: Brick
Property Information
Stories: 1-2
Multi-Family
Improvement Value: $455,300
Information Source Year Built: Assessor/Public Record
Lot Information
Lot Acreage: 0.26
Zoning: SR-V1
Financial
Assessment Information
Land Assessment Value: $117,000
Total Assessment: $572,300
Tax Information
Total Taxes: $10,311
Tax Year: 2025
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters
Heating/Cooling: Radiant/Electric
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: 12
Baths: 6.0
Sq. Ft.: 5,326
Stories: 2.0
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1961
Year Renovated: 1961
County: Dane County
APN: 060906203091
Home facts updated by county records on Aug 6, 2026
Other
Listing Information
SaleType: Arms Length
Inclusions: 4 stoves/ovens 4 Fridges, 4 Water Heaters, 3 Dishwashers
Exclusions: Tenant 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
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
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.