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Justin May

justin@theminterteam.com +1(608) 215-9195

Listed by EXP Realty, LLC • Pref: 608-838-1377

$550,000

10 Beds

6.5 Baths

4,900 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Offer Show

Purchase Type For Rent

Square Footage 4,900 sqft

MLS Listing ID 2017225

Bedrooms 10

Full Baths 5

Half Baths 3

Year Built 1964

Annual Tax Amount $9,410

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Apartment building,2 story

Property Description

No showings until 3/6. Investor opportunity with immediate upside potential. This solid brick 4-unit offers 3-bedroom layouts with 1 to 2.5 baths, and one 1bed/1bath unit, making it highly attractive to long-term tenants and future rent growth. Current leases are month-to-month, providing flexibility for a new owner to reposition rents toward market levels, estimated around $1,800 per unit. Key CAPX improvements include a newish roof, Water heaters (all WH within 5 years) and Eletrical. 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 5837 Raymond Road, Madison WI 53711 — seller is open to selling both together

Location

State WI

County Dane

Area Madison - C W08

Zoning SR-V1

Direction Take US-51 N to US-12 W/US-18 W in Monona. Continue on US-12 W/US-18 W to Madison. Continue on Raymond Rd. Drive to Russett Rd

Rooms

Basement Full, Partially finished, Poured concrete foundatn

Interior

Heating Radiant

Inclusions 5 Ranges/ovens 5 Fridges, 4 water heaters, 3 Dishwashers

Heat Source Natural Gas

Exterior

Parking Features 1 stall garage, Detached, Outside

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Brick

Schools

Elementary Schools Orchard Ridge

Middle Schools Toki

High Schools Memorial

School District Madison

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NEARBY SCHOOL & BUSINESS

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Justin May

+1(608) 215-9195

Agent | License ID: 90597-94

Agent License ID: 90597-94

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5710 Russett Road Madison, WI 53711

Justin May

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

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