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5830 Balsam Road
Madison WI 53711 US

$722,000

Active Listing ID 2032345
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8 bed
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4.00 Bath (4 Full)
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Lot: 0.28 Acres
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Other

$722,000

Active Listing ID 2032345
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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 (~$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..

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Heating Fuels: Steam

School Information

  • School
  • Orchard Ridge(Elementary)
  • Toki(MiddleSchool)
  • Memorial(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 722000
  • unparsedaddress: 5830 Balsam Road
  • postalcity: Madison
  • stateorprovince: WI
  • country: US
  • postalcode: 53711
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 43.030592
  • longitude: -89.48216
  • listagentfullname: Iza Korwel
  • listagentemail: izabela@thekorwels.com
  • listagentkey: 3yd-SCWMLSWI-180463
  • listagentmlsid: 180463
  • listagentpreferredphone: 6082925012
  • listagentofficephone: 6088310800
  • listofficekey: 3yd-SCWMLSWI-888
  • listofficemlsid: 888
  • disclaimer: Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: SCWMLSWI
  • yearbuilt: 1961
  • listagenturl: www.thekorwels.com
  • countyorparish: Dane
  • parcelnumber: 0609-062-0317-4
  • elementaryschool: Orchard Ridge
  • highschool: Memorial
  • elementaryschooldistrict: Madison
  • middleorjuniorschooldistrict: Madison
  • highschooldistrict: Madison
  • appliances: 4
  • heating: Steam
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Off Street
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.48216, 43.030594
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Premier Realty Team, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"izabela@thekorwels.com", "ListBrokerageCity":"Madison", "ListBrokerageCountry":"US", "ListBrokerageEmail":"darrenk@kw.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/c5ababc31f61ba70011f61eed9a7002dk-c1152005896r.png", "ListBrokerageName":"Premier Realty Team, LLC", "ListBrokeragePhone":"(608) 212-3126", "ListBrokeragePostalCode":"53719", "ListBrokerageStateOrProvince":"WI", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"555 Zor Shrine Place", "ListBrokerageWebsiteUrl":"http://www.kwmadison.com", "ListOfficeAddress1":"555 Zor Shrine Pl Ste 100 ", "ListOfficeAddress2":"Suite 100", "ListOfficeBrokerMlsId":"888", "ListOfficeCity":"Madison", "ListOfficeCountry":"US", "ListOfficeEmail":"frontdesk316@kw.com", "ListOfficePostalCode":"53719-2068", "ListOfficeStateOrProvince":"WI", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family, Madison, WI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5830-Balsam-Rd-Apt-3_Madison_WI_53711_M80039-99218?f=listhub&s=SCWMLSWI&m=2032345&c=rexren", "MLSModificationTimestamp":"2026-09-23 15:31:00", "Neighborhoods":[{"Description":null, "Name":"Meadowood"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9058, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2026 10:05:21 PM GMT
Source Updated Date: 9/28/2026 6:58:27 PM GMT

Courtesy of: Iza Korwel, Keller Williams Realty, izabela@thekorwels.com

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.