5830 Balsam Rd, Madison, WI 53711
- $750,000
Courtesy of Iza Korwel with Keller Williams Realty. 608-831-0800
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2032345
- Acres
- 0.28
- Year Built
- 1961
- Subdivision
- Meadowood
Property Description
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.
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Additional Information
- Architecture
- Apartment
- Style
- Apartment
- Garage Description
- Other
- School District
- Madison
- Elementary School
- Orchard Ridge
- Middle School
- Toki
- High School
- Memorial
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