About 5830 Balsam Road
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. Approximately half the basement is secured landlord storage, including a small finished office—ideal 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.
Features of 5830 Balsam Road
| MLS® # | 2032345 |
|---|---|
| Price | $750,000 |
| Year Built | 1961 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $9,058 |
| Tax Year | 2025 |
Community Information
| Address | 5830 Balsam Road |
|---|---|
| Area | MADISON - C W09 |
| Subdivision | Meadowood |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53711 |
Amenities
| Utilities | Separate elec meters, Heat Included, Sewer Included, Water Included |
|---|
Interior
| Heating | Steam |
|---|
Exterior
| Exterior | Brick |
|---|
School Information
| District | Madison |
|---|---|
| Elementary | Orchard Ridge |
| Middle | Toki |
| High | Memorial |
Additional Information
| Zoning | SR-V1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $490,400 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | Keller Williams Realty |
|---|---|
| Contact Info | Pref: 608-292-5012 |