$550,000

5837 Raymond Road, Madison, WI 53711

Multi-Family Home
Built in 1961
0.26acre lot
1 car garage
$——/sqft
Listed 1 month ago

Property Description

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

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 12:53AM
Listing Office:: EXP Realty, LLC : 6088381377
Listing Agent:: Jo Ferraro Real Estate Team : 6088381377
MLS ID:: 714670483702

General: Water Softener
Basement: FullPartially FinishedPoured Concrete
A/C: Radiant/Electric

General: Brick
Parking: Outside

General: Apartment Building2 Story

Originating MLS: WIREX_SCW
School District: Madison
County: DANE

Zoning: SR-V10609-062-0309-1

Utilities: Separate Electric Meters
Sewer: Municipal WaterMunicipal Sewer

Source: WIREX_SCW
Exclusions: Tenant Personal Property

This listing courtesy of Jo Ferraro Real Estate Team , EXP Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Orchard Ridge Elementary School

5602 Russett Rd, Madison, WI, 53711

Grades PK-5

0.41 miles away

Toki Middle School

5606 Russett Rd, Madison, WI, 53711

Grades 6-8

0.41 miles away

Vel Phillips Memorial High School

201 S Gammon Rd, Madison, WI, 53717

Grades 9-12

2.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.