5837 Raymond Rd Madison, WI 53711
Meadowood NeighborhoodEstimated payment $3,684/month
Highlights
- Wood Flooring
- Balcony
- Property is near bus stop
- Vel Phillips Memorial High School Rated A
- Detached Garage
- Outdoor Storage
About This Home
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,311
Year Built
- Built in 1961
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2-Story Property
- Family Room
- Wood Flooring
Kitchen
- Oven or Range
- Dishwasher
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Parking
- Detached Garage
- Outside Parking
Outdoor Features
- Balcony
- Outdoor Storage
Schools
- Orchard Ridge Elementary School
- Toki Middle School
- Memorial High School
Utilities
- Radiant Heating System
- Separate Meters
- Water Softener is Owned
Additional Features
- 0.26 Acre Lot
- Property is near bus stop
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 0609-062-0309-1
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2026 03/02/26 | For Sale | $550,000 | 0.0% | $110 / Sq Ft |
| 02/25/2026 02/25/26 | Off Market | $550,000 | -- | -- |
| 02/24/2026 02/24/26 | For Sale | $550,000 | -- | $110 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Knight Barry Title Svcs Llc | |
| Warranty Deed | $435,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,000 | Commercial | |
| Closed | $260,000 | Future Advance Clause Open End Mortgage |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2017218
APN: 0609-062-0309-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 6013 Raymond Rd
- 5701 Bartlett Ln
- 2102 Manor Green Dr
- 5602 Raymond Rd
- 2217 Westbrook Ln
- 5704 Richmond Dr
- 2502 Sara Rd
- 5314 Kroncke Dr
- 2309 Mckenna Blvd
- 6104 Davenport Dr
- 6806 Raymond Rd Unit 101
- 2954 King James Way Unit 4
- 1 Maple View Ct
- 28 Deer Point Trail
- 2925 Maple Run Dr
- 3122 Dorchester Way Unit 6
- 913 Chapel Hill Rd
- 3301 Prairie Rd
- 6717 Park Edge Dr Unit A
- 6710 Park Ridge Dr Unit B
- 5806 Raymond Rd
- 6414 Raymond Rd
- 2658 Chesapeake Dr
- 5663 King James Ct
- 2411 Tawhee Dr
- 6725-6848 Tottenham Rd
- 2987 Fitchrona Rd
- 1001-1009 Gilbert Rd
- 2302-2350 Chalet Gardens Rd
- 4922 Knox Ln
- 6214 Schroeder Rd
- 5630 Schroeder Rd
- 1809 Reetz Rd
- 5604 Schroeder Rd Unit 101
- 4914 Whitcomb Dr
- 5602 Schroeder Rd
- 1613 Reetz Rd
- 6710 Park Ridge Dr Unit B
- 6530 Schroeder Rd
- 4733 Crescent Rd
Ask me questions while you tour the home.