NOT LISTED FOR SALE

5826 Balsam Rd Madison, WI 53711

Meadowood Neighborhood

Estimated Value: $647,000 - $676,113

8 Beds
5 Baths
3,200 Sq Ft
$207/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2025

Last sale price $650,000 $203 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,449 / mo

34 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Vel Phillips Memorial High School Rated A
  • Family Room
  • 1-minute walk to Meadowood Park

About This Home

As of December 2025

Fantastic investment opportunity on Madison’s 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 routes—making it an easy property to keep fully leased. On-site laundry and separate utilities enhance tenant appeal and owner convenience. Whether you’re 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!

Last Agent to Sell the Property

Lori Schilling

Sprinkman Real Estate License #81122-94 Listed on: 10/27/2025

Last Buyer's Agent

Lori Schilling

Sprinkman Real Estate License #81122-94 Listed on: 10/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,299

Year Built

  • Built in 1959

Lot Details

  • 16,117 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 5 Open Parking Spaces
  • Outside Parking

Schools

  • Orchard Ridge Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0609-062-0318-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,299

Year Built

Built in 1959

Lot Details

0.37 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: seller/tenant's personal property
  • Items Included: (5) of each: ovens/ranges, fridges, wall mounted a/c units. One coin-op washing machine and one coin-op dryer.
  • Miscellaneous: Shared laundry
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Dryers: 1
  • Number Units W Ac: 5
  • Number Washers: 1
  • Number Water Softeners: 5

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 5

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Orchard Ridge
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.37
  • Zoning: SR-V1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 9299
  • Tax Year: 2024
  • Assessor Parcel Number: 0609-062-0318-2

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 3
  • Number Of Units: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2025
Closed on
Dec 23, 2025
Sold by
Bought by
Seller's Agent
Lori Schilling
Sprinkman Real Estate
Buyer's Agent
Lori Schilling
Sprinkman Real Estate
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
Views
36
Current Estimated Value
$661,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,557
Avg. Annual Appreciation
2.93%

Purchase Details

Listed on
Nov 27, 2023
Closed on
Jan 19, 2024
Sold by
Bought by
Seller's Agent
Maurice Taylor
First Weber Inc
Buyer's Agent
Lori Schilling
Sprinkman Real Estate
List Price
$600,000
Sold Price
$530,000
Premium/Discount to List
-$70,000
-11.67%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.15%
Original Mortgage
$397,500
Interest Rate
0.0703%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 22, 2022
Sold by
Bought by
Seller's Agent
Musa Jallow
Restaino & Associates
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$490,000
Sold Price
$495,000
Premium/Discount to List
$5,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$371,250
Interest Rate
0.0551%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
0.0583%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$650,000 Knight Barry Title
$530,000 None Listed On Document
-- None Listed On Document
$495,000 None Listed On Document
$100,000 None Available
$138,400 None Available
$265,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $154,000
Previous Owner $122,436
Closed $397,500
Previous Owner $371,250
Previous Owner $212,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2025 12/23/25 Sold $650,000 -5.7% $203 / Sq Ft
11/21/2025 11/21/25 Price Changed $689,000 -1.6% $215 / Sq Ft
10/29/2025 10/29/25 For Sale $700,000 +7.7% $219 / Sq Ft
10/27/2025 10/27/25 Off Market $650,000 -- --
01/19/2024 01/19/24 Sold $530,000 -11.7% -- View Prior Sale
11/27/2023 11/27/23 For Sale $600,000 +21.2% --
08/22/2022 08/22/22 Sold $495,000 +1.0% -- View Prior Sale
06/29/2022 06/29/22 For Sale $490,000 -- --
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,797 $530,000 $136,000 $394,000
2024 $18,598 $530,000 $136,000 $394,000
2023 $11,615 $495,000 $124,000 $371,000
2022 $15,762 $402,000 $113,000 $289,000
2021 $7,761 $365,000 $103,000 $262,000
2020 $6,526 $294,000 $103,000 $191,000
2019 $6,282 $280,000 $103,000 $177,000
2018 $5,665 $255,000 $102,300 $152,700
2017 $5,511 $239,600 $102,300 $137,300
2016 $5,256 $222,600 $98,300 $124,300
2015 $5,045 $211,600 $98,300 $113,300
2014 $5,049 $211,600 $98,300 $113,300
2013 $5,962 $211,600 $98,300 $113,300
Source: Public Records

Agents Affiliated with this Home

  • Lori Schilling

    Seller's Agent in 2025

    Lori Schilling

    Sprinkman Real Estate

    (608) 279-4313

    4 in this area

    299 Total Sales

    Lori Schilling
    Section Image
  • Maurice Taylor

    Seller's Agent in 2024

    Maurice Taylor

    First Weber Inc

    (608) 718-1446

    1 in this area

    23 Total Sales

    Maurice Taylor
    Section Image
  • Musa Jallow

    Seller's Agent in 2022

    Musa Jallow

    Restaino & Associates

    (608) 446-2210

    1 in this area

    131 Total Sales

    Musa Jallow
    Section Image
  • Matt Kornstedt

    Buyer's Agent in 2022

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    11 in this area

    1,972 Total Sales

    Matt Kornstedt
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2011440

South Central Wisconsin Multiple Listing Service

APN: 0609-062-0318-2

Wisconsin Dane County Madison 53711 Meadowood

5826 Balsam Rd, Madison, WI

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