5826 Balsam Road Madison, WI ^$ 689,000

5826 Balsam Road

^$ 689,000

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5826 Balsam Road

Madison, WI, 53711

^$ 689,000

Bedrooms7 Baths4.0 Sq 3,200

Monthly Estimate*

^$ 4,298

Listed by Sprinkman Real Estate

5826 Balsam Road, Madison, WI 53711 - Image 1

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5826 Balsam Road, Madison, WI 53711 - Image 10

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5826 Balsam Road, Madison, WI 53711 - Image 12

5826 Balsam Road, Madison, WI 53711 - Image 13

5826 Balsam Road, Madison, WI 53711 - Image 14

Multi-Family Home for sale in Madison, WI

for $689,000 with 7 bedrooms and 4 full baths. This 3,200 square foot home was built in 1959 on a lot size of 0.37.

Fantastic investment opportunity on Madisonâs west side! This well-maintained 5-unit property at 5826 Balsam Rd offers a strong rental history and excellent cash flow potential. Each spacious unit features functional layouts, kitchens and baths, and off-street parking. Tenants enjoy convenient access to parks, shopping, dining, and bus routesâmaking it an easy property to keep fully leased. On-site laundry and separate utilities enhance tenant appeal and owner convenience. Whether youâre expanding your portfolio or seeking a solid first investment, this turnkey multi-family property is a smart buy in a prime location! All new 5th unit is a bonus!

Multi-Family Contingent

Price

^$ 689,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,299

Style

Lot Size

0.37

Year Built

1959

Town/City

Madison

County/Region

Dane

MLS | Web ID

2011440

Features

Interior

Heating Type Forced air

Basement Block foundation Full

Total Number of Units 5

General

Total Expenses 0

Heating Natural Gas

Utilities Separate elec meters Separate gas meters

Zoning SR-V1

School District Madison

County Dane

Miscellaneous Shared laundry

Class Multi Family

Tax Year 2024

Status Offer-Show

Status Detail 4

Year Built 1959

Directions Raymond Road to Leland Drive to Right on Balsam Road

High School Memorial

City Madison

Elementary School Orchard Ridge

Middle School Toki

DOM 36

County Qtr Section West Metro Madison

Exterior

Exterior Brick Stone

* Excluded Features

List By

Sprinkman Real Estate

Broker

(608) 279-4313

Phone

lorisells@sprinkmanrealestate.com

Affordability Calculator

$5,073

Per Month

Monthly Principal & Interest: $4,298
Monthly Property Taxes: $775
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Madison, WI

Average List Price ^$1,039,726

Percent of Sale Price 51%

About Madison, WI

252,062 Population

21% Since 2002

^$58,415 Median Income

34.31 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1832992 Elementary School

1568527 Middle School

Memorial High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/21/2025	$689,000	-1.57%	Price Down
10/29/2025	$700,000		Listed Price

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5826 Balsam Road, Madison, WI, 53711 is a Multi-Family Home for sale at $689,000 with 3,200 sqft and a lot size of 0.37. 5826 Balsam Road has 7 bedrooms, 4.0 baths, and was built in 1959. The property's zip code is 53711 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 12/10/2025.

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5826 Balsam Road

Multi-Family Home for sale in Madison, WI

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