5830 Balsam Road, Madison, WI 53711

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 ( $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.

Listing Status:

Active

Data Last Updated:

October 9, 2026 at 12:48PM

Listing Office:

Keller Williams Realty : 6088310800

Listing Agent:

Iza Korwel : 6082925012

MLS ID:

716449403502

Interior

• General: Water Softener
• Basement: FullPartially FinishedPoured Concrete
• A/C: Steam

Exterior

• General: Brick
• Parking: 2 SpaceOutside

Construction

• General: Apartment Building2 Story

Location

• Originating MLS: WIREX_SCW
• School District: Madison
• County: DANE

Lot

• Zoning: SR-V10609-062-0317-4

Utilities

• Utilities: Separate Electric Meters
• Sewer: Municipal WaterMunicipal Sewer

Financial

• Source: WIREX_SCW
• Exclusions: Seller's and tenant's personal property.