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5818 Balsam Rd, Madison
$660,000
2034356 MLS ⋅ ACTIVE Status
Calling all investors!! Well-maintained four-unit property featuring four identical floor plans, each offering 2 bedrooms, 1 bathroom, and approximately 800 square feet. The property has been cared for by long-term tenants. Recent updates include fresh hallway paint in 2025, updated flooring throughout in 2023, and a new furnace and water heater in Unit 3 in 2025. The property also offers a clean, dry basement with additional storage space. Ideally located on Madison’s West Side, with convenient access to the bus line, shopping, dining, and the many amenities the area has to offer. A great opportunity for investors seeking a well-maintained, income-producing property in a desirable location.

5818 Balsam Rd, Madison
421 W Doty St, Madison
$1,298,160
2034134 MLS ⋅ ACTIVE Status
Prime downtown 4-unit apartment located just four blocks from the Kohl Center near UW Madison. Unit #1 & Unit #2 are both 857 sq.ft. each with 3 bedrooms, 1 full bath, kitchen, living room area & balcony. Unit #3 & #4 are both 1,120 sq.ft each with 3 bedrooms + upper loft den with a neat spiral staircase, 1 full bath, kitchen, living room area & balcony. Shared laundry onsite and walking distance to campus, Lake Monona, bike paths, Capital and many local restaurants. Fully leased with an annual gross income of $109,080 with tenants paying electric.

421 W Doty St, Madison
1049 & 1057 Mckenna Blvd, Madison
$2,300,000
2034075 MLS ⋅ ACTIVE Status
Two adjacent 8 units with 12 attached garage stalls on the west side of Madison. All units are one bedroom apartments. The buildings are condos, but the seller owns all 16 and these are being sold as two traditional apartment buildings. Middleton School District on all apartments. $235,312 in current in place rents with room to grow. Tenants pay all heat and electric. Landlord pays water/sewer.

1049 & 1057 Mckenna Blvd, Madison
25 Coronado Ct, Madison
$1,165,000
2033849 MLS ⋅ ACTIVE Status
Well maintained four unit on Madison's west side. Only one block off of Mineral Point Rd, near BART system. Quiet setting with a partially wooded lot. Each unit has a 1-car garage and one parking stall. Easy walking distance to numerous restaurants & retail.

25 Coronado Ct, Madison
334 W Wilson St, Madison
$950,000
2033602 MLS ⋅ ACTIVE Status
Rare downtown Madison investment opportunity just three blocks from the State Capitol. This multifamily residential income property offers immediate rental revenue with exceptional long-term redevelopment potential in one of the city’s most desirable and supply-constrained locations. Ideal for investors or developers seeking a well-positioned asset with multiple paths to create value. Secure a prime piece of downtown real estate and capitalize on Madison’s continued growth, strong housing demand, and vibrant urban lifestyle. 3 units in one building and a separate free standing house as well.

334 W Wilson St, Madison
206 Danbury Ct, Deforest
$1,325,000
2033065 MLS ⋅ ACTIVE Status
Investor alert! This well-maintained 8-unit apartment building offers strong cash flow potential in a prime DeForest location. Situated on a .47-acre lot in an established neighborhood, this property is just minutes from schools, parks, shopping, and major commuter routes. Easy to keep rented! Coin-operated laundry on each level and each unit has a 1 car garage. Neighboring 4-unit is also for sale; see MLS# 2033064.

206 Danbury Ct, Deforest
202 Danbury Ct, Deforest
$729,000
2033064 MLS ⋅ ACTIVE Status
Excellent investment opportunity in the heart of DeForest! This 4-unit apartment building currently generates strong rental income with a mix of month-to-month and longer-term leases in place, providing both immediate cash flow and future upside potential. Situated on a corner lot in an established neighborhood, tenants enjoy convenient access to schools, parks, shopping, dining, and major commuter routes. All units have a 1 car garage and at least 1 off-street parking space, in unit laundry and deck/patio access. Neighboring 8-unit is also for sale; see MLS#2033065.

202 Danbury Ct, Deforest
2810 Arbor Dr, Madison
$1,050,000
2032607 MLS ⋅ ACTIVE UNDER CONTRACT Status
Gigantic, mint, 3 unit overlooking Wingra Park & Lake Wingra. Each apartment is in great shape with large living rooms, bedrooms, updated kitchens and bathrooms & substantial front porches overlooking Wingra Park! Walkable to everything on Monroe St. Fully occupied and current revenue is $91K/year. Unit A (1BD/1BA) - $1,945, Unit B (1BD/1BA) - $1,895, Unit C (3BD/2BA) - $3,525. Upgraded HVAC & central A/C in all 3 units.

2810 Arbor Dr, Madison
209-215 School Rd, Cottage Grove
$899,900
2032541 MLS ⋅ ACTIVE Status
Fantastic 4 Unit Investment Opportunity in Cottage Grove! Well maintained and located in the Monona Grove School District, this property offers spacious 2 bedroom, 1 bath units with the features today’s renters want! Each unit includes in unit laundry, a gas fireplace, generous living space, and a private garage. Strong rental appeal combined with room to increase rents, making this an excellent opportunity to improve cash flow and long-term investment value. Convenient Cottage Grove location and a property that has been well cared for make this a standout addition to any portfolio. Another 4 unit property immediately next door is also available for sale—an excellent opportunity to expand your portfolio with 8 total units!

209-215 School Rd, Cottage Grove
201-207 School Rd, Cottage Grove
$899,900
2032505 MLS ⋅ ACTIVE Status
Fantastic 4 Unit Investment Opportunity in Cottage Grove! Well maintained and located in the Monona Grove School District, this property offers spacious 2 bedroom, 1 bath units with the features today’s renters want! Each unit includes in unit laundry, a gas fireplace, generous living space, and a private garage. Strong rental appeal combined with room to increase rents, making this an excellent opportunity to improve cash flow and long-term investment value. Convenient Cottage Grove location and a property that has been well cared for make this a standout addition to any portfolio. Another 4 unit property immediately next door is also available for sale—an excellent opportunity to expand your portfolio with 8 total units!

201-207 School Rd, Cottage Grove
5830 Balsam Rd, Madison
$722,000
2032345 MLS ⋅ ACTIVE Status
Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property has its own water softener. Shared basement coin-operated laundry provides convenient tenant access and additional owner income (~$200/mo). Approximately half the basement is secured landlord storage, including a small finished office—can be used for supplies, records, or on-site management. All units rented, two with long term tenants in place. Convenient Madison location near shopping, dining, parks, transit, and commuter routes.

5830 Balsam Rd, Madison
601 E Oak St, Cottage Grove
$1,295,000
2031855 MLS ⋅ ACTIVE UNDER CONTRACT Status
Rare Cottage Grove investment opportunity! Only the second time this 8-unit property has been offered for sale. Many units have been refreshed with updated LVP flooring, carpet, light fixtures and select newer bath vanities. Upper units offer vaulted ceilings, private decks and additional storage, while lower units include patios and overflow closets. Every unit has a private entrance, in-unit laundry, 1-car garage and additional off-street parking. Main building roof replaced in 2021. Located in fast-growing Cottage Grove, with small-town charm, convenient amenities and an easy commute to Madison. A hard-to-find opportunity to add an 8-unit property to your investment portfolio.

601 E Oak St, Cottage Grove
2512 Valley St, Cross Plains
$1,329,000
2031702 MLS ⋅ ACTIVE Status
Excellent investment opportunity in Cross Plains and the very desirable Middleton-Cross Plains Area School District! This well-maintained eight-unit apartment building features all two-bedroom, one-bath units with a strong rental history and additional income from four coin-operated washers and four coin-operated dryers. Numerous unit improvements were completed in 2025 and 2026, including updated kitchens and bathrooms, LVP flooring, carpet, paint, trim, lighting, ceiling fans, appliances and blinds. Additional property improvements include foundation repairs with a transferable 20-year warranty, landscaping and regrading. Tucked back in an established area surrounded primarily by single-family homes, the property offers a desirable residential setting. Current rents offer potential upside, making this an attractive opportunity for investors seeking stable income with room for future growth.

2512 Valley St, Cross Plains
191-199 Talon Pl, Sun Prairie
$920,000
2031682 MLS ⋅ ACTIVE Status
Welcome to this fantastic 4-unit property - a rare investment opportunity in the heart of Sun Prairie! Each unit offers 2 bedrooms and 1 bathroom, along with the convenience of private laundry. The well-maintained property also features one-car garages and private patios or balconies for each unit, adding valuable amenities and strong tenant appeal. The roof was replaced in 2022, providing peace of mind and helping minimize future maintenance expenses. Ideally located within walking distance of schools, shopping, restaurants and other everyday conveniences, this property is an excellent opportunity for both seasoned investors and those looking to expand their portfolio.

191-199 Talon Pl, Sun Prairie
1909 Fox Run, Mount Horeb
$850,000
2031545 MLS ⋅ ACTIVE Status
Rare 4-unit offering in Mt. Horeb—currently the only 4-unit property available in the area. East-side Mt. Horeb location blocks from 18/151, w/in walking distance of Miller's Market & Norsk Golf Course. The building has 3-2 units and 1-1 unit. All 4 units have a private 1 car garage, 3 units have walk-in closets, 3 units have basements, all have had some updating done, newer windows throughout. Large patio out back for grilling & socializing, extra parking - the list goes on. Potential for adding egress to a couple units for additional revenue. Current rents are below market value, Epic is expanding upwards of 7K employees & Arrowhead Pharma here & growing which offers potential to increase cash flow/revenue growth as leases renew. Professionally managed & offers an excellent opportunity for both experienced and first-time investors. Property being sold "as-is". Thousands in improvements in the past 2+ months!

1909 Fox Run, Mount Horeb
7502 Westward Way, Madison
$3,500,000
2031155 MLS ⋅ ACTIVE Status
Exceptional multi-family investment opportunity on Madison's west side. Westward Manor features 32 units - 24 efficiencies and 8 one-bedroom layout options - totaling 21,108 gross sq. ft. Built in 1984, high occupancy (96.9%) and potential for rent improvement. Roof replacement in 2017. Each unit is equipped with individual PTAC Heating & Cooling units, dedicated basement storage and off-street surface parking. On-site coin-operated laundry facilities add convenience. Prime location near Research Park, Madison Area Technical College and local transit. A turnkey multi-family asset ready for your portfolio.

7502 Westward Way, Madison
2954 Milwaukee St, Madison
$665,000
2031059 MLS ⋅ ACTIVE Status
Investor Alert or Owner-Occupant Special! Prime Near East Madison 4-unit multifamily opportunity delivering high-yield cash flow! This 3,200 sq ft property combines historic charm with major capital updates: new roof (2022), new furnace (2024), new flooring, a brand-new renovated bathroom in Unit 1, and upgraded ventilation in all bathrooms. Features two 2-bedroom and two 1-bedroom sun-drenched apartments. Tenant perks: free non-coin laundry (W/D <2 yrs) and dedicated basement storage. Turnkey, clean, and ready for instant leasing or owner-occupancy. Unbeatable location close to downtown Madison, dining, shopping, parks, bike paths, and transit lines. Tour today!

2954 Milwaukee St, Madison
517-527 Trailside Dr, Deforest
$1,299,000
2030961 MLS ⋅ ACTIVE UNDER CONTRACT Status
PICS COMING SOON: Excellent investment opportunity featuring six spacious multifamily units, each offering approximately 1,100 square feet with 2 bedrooms, 1.5 bathrooms, in-unit laundry, and a private 2 car garage. Four of the six units also feature private decks. Recent improvements include a new roof in 2019, a new water softener in 2025 and various other updates throughout. With potential for future rent growth, this well-maintained property presents an attractive opportunity for investors looking to expand their portfolio.

517-527 Trailside Dr, Deforest
426 Rushmore Ln, Madison
$900,000
2029597 MLS ⋅ ACTIVE Status
Fantastic opportunity for investors to secure a cash-flowing multi-family property on Madison’s West side, close to parks, schools, and the bus line. One unit is currently leased through 10/1/2026, providing immediate income, and the other three are vacant and ready to be rented. Median market rent is $1600/month granting you a stable cash flow each month. Each unit offers 950 sqft and a smart, renter-friendly layout. A detached 4-car garage plus two additional outdoor spaces provides tenants with ample parking space. Inviting yard perfect for gardening, newer appliances, storage units in the lower level. Tenants pay for electricity & gas/heat. A high-demand addition to any investment portfolio.

426 Rushmore Ln, Madison
1725 Onsgard Rd, Madison
$1,200,000
2029254 MLS ⋅ ACTIVE Status
Freedom Park Apartments presents an excellent opportunity to acquire an eight-unit multifamily property in one of Madison's established East side neighborhoods. Conveniently located near major employers, shopping, dining, parks, and key transportation routes, the property is well positioned to attract and retain long-term tenants. The community features eight spacious 2-bedroom, 1-bathroom apartments with practical layouts designed to appeal to a broad tenant base, including professionals, roommates, couples, and small families. The desirable unit mix and strong location support consistent rental demand and long-term occupancy. Offering a combination of stable income potential, broad tenant appeal, and a sought-after location, Freedom Park Apartments is an attractive investment opportunity for buyers seeking dependable cash flow and long-term appreciation in Madison's competitive rental market.

1725 Onsgard Rd, Madison
3802 Lien Rd, Madison
$1,120,000
2028983 MLS ⋅ ACTIVE Status
Located on Madison's thriving east side, Freedom Park Apartments offers investors the opportunity to acquire a well-positioned multifamily asset in a high-demand rental market. Surrounded by established neighborhoods and just minutes from major employers, shopping, restaurants, and everyday conveniences, the property is ideally situated to attract and retain quality tenants. The community consists of thoughtfully designed 1-bedroom, 1-bathroom apartments that appeal to a broad tenant base, including young professionals, students, and individuals seeking low-maintenance living. Efficient layouts and an excellent location contribute to consistent rental demand and long-term occupancy potential. With its strong market fundamentals, desirable location, and wide-ranging tenant appeal, Freedom Park Apartments presents an outstanding investment opportunity for buyers seeking stable cash flow and future appreciation in one of Madison's most established residential areas.

3802 Lien Rd, Madison
7639 County Rd N, Bristol
$599,900
2028914 MLS ⋅ ACTIVE UNDER CONTRACT Status
This 5-unit has been so well maintained w/numerous updates/upgrades incl. Quartz counters, new flooring, some newer windows, new light fixtures, new appliances, remodeled baths, some newly painted kitchen cabinets, new rubber roof 2024; w/in last 5 yrs furnaces, AC units & water heaters. Each unit has direct access to shared laundry room & basement. Units 1-4 have front porches. Unit 1 Long-term rental over 20 yrs. Unit #3 (upper level) has convenient removable railing for moves, & includes main level storage closet. Unit 5 Efficiency upstairs (265 sq ft $800 mo rent) w/window wall AC & electric heat paid by landlord, while all other units have forced air LP (reading individually done by landlord & billed to tenant) & central air. #5 Eff has small bath; kitchen sink just outside bathroom. 2-car detached garage has 1 space currently used by landlords as well as the detached 1-car garage (could also be rented). Lower Town of Bristol taxes. See home next door also for sale MLS 2028918.

7639 County Rd N, Bristol
2837 Coolidge St, Madison
$459,900
2027921 MLS ⋅ ACTIVE Status
This well-maintained three-unit property features three 2-bedroom, 1-bathroom units. The shared lower level provides convenient access to laundry and additional common space, while the private parking offers ample off-street parking for residents. This property presents an excellent opportunity for an owner-occupant or investor looking to add a quality multi-family property to their portfolio.

2837 Coolidge St, Madison
5110 Pebblebrook Dr, Madison
$749,900
2027451 MLS ⋅ ACTIVE Status
Very well maintained 4 unit on Madison's Eastside. All units have been updated with LVP flooring, new kitchens and baths. 3 Newer water heaters. The 2 main level units have private access from outside as well as from shared hallway. Basement has 4 storage lockers for each unit along with coin operated washer and dryer (brings in approximately $60/month) Private and quiet neighborhood setting. Building was recently power washed and is looking for its next owner. Unit 4 has long term renter and is the reason why monthly rent is less than other 3 units.

5110 Pebblebrook Dr, Madison
701 Pinecrest Dr, Madison
$614,900
2027442 MLS ⋅ ACTIVE Status
FULLY Occupied! Turn-key cash-flow on Madison’s East Side! This all-brick 4-unit building offers immediate rental income and low-maintenance upkeep. All four units are already leased through mid-2027, providing rock-solid stability from day one. Every unit features durable, turnover-friendly hard-surface flooring throughout (no carpet to replace!). Conveniently located near parks, dining, and transit. A rare, high-performing addition to your portfolio! **Boiler Heat.

701 Pinecrest Dr, Madison
41-47 Sunfish Ct, Madison
$1,000,000
2026657 MLS ⋅ ACTIVE Status
Unique townhouse style multifamily with lots of updates and a convenient location near downtown and bus routes. Each unit is 3 floors with its own basement. 1 unit is currently empty if a buyer would like to owner-occupy, or the seller will fill. All units except 43 have been updated at some point. Newer siding, soffits, fascia, driveway, and AC.

41-47 Sunfish Ct, Madison
3712-3724 Lien Rd, Madison
$1,099,900
2022997 MLS ⋅ ACTIVE Status
Stabilized 7-unit in Madison with a brand-new roof, completed June 22. Long-term tenants anchor the rent roll. Two units leased July 1 at $1,250 and $1,350, with three accepted renewals at $1,250 starting August 1. Six units are similar in size and share laundry in the basement. Unit 3724 is the standout, a townhome-style layout with bedrooms upstairs and its own private unfinished basement with dedicated laundry. Solid in-place income, real upside, and the big capital item is already done.

3712-3724 Lien Rd, Madison
58 Sunfish Ct, Madison
$799,000
2024342 MLS ⋅ ACTIVE Status
Quality 4-plex's in Madison are virtually nonexistent, making this Madison opportunity one you won't want to overlook. Three units are currently leased with a fourth vacant and move-in ready, ideal for an owner-occupant or immediate lease-up. Pro-forma rents of $1,500 to $1,600 per unit put projected gross annual income near $75,000 with strong upside potential. Built in 1987 and thoughtfully maintained, the property features a new roof (2025), fresh paint, some new flooring, and some kitchen and bathroom updates throughout. Slab foundation construction keeps maintenance simple and costs predictable. A standout feature rarely seen on multi-family properties: every unit includes its own attached private single-car garage, in-unit laundry, dishwasher, A/C, and a private patio or deck. Located off Fish Hatchery Rd with easy access to the Beltline, downtown Madison, and bike trails. A turnkey asset in a proven rental corridor and a compelling addition to any serious investment portfolio.

58 Sunfish Ct, Madison
2821 Monroe St, Madison
$3,150,000
2023036 MLS ⋅ ACTIVE Status
MVP Pricing of $3,150,000 - $4,750,000 for ARBORETUM ARMS LLC APARTMENTS! Market Variable Pricing of $3,150,000.00 to $4,750,000.00 to reflect options of selling the following parcels; 251/0709-281-1405-1, 251/0709-281-1404-3, 251/0709-281-1403-5 separately for $3,150,000.00. This spacious, charming, brick building apartments have a large living room, formal dining room. Each unit has one bath with tub and shower. With the exception of the kitchen and bath, there are hardwood floors throughout. An open sun porch overlooks the yard and garden area. It is 1/2 block to the Arboretum and Lake Wingra with boats available for rental. Close proximity to Edgewood College and UW Madison. On Bus Line. Biking and Jogging trails through the Arboretum. Shops and restaurants are within walking distance. Nearby grocery. Two apartments per floor allows each apartment three sides of windows. There are three buildings total.

2821 Monroe St, Madison
505 Alan Dr, Mount Horeb
$1,275,000
2017059 MLS ⋅ ACTIVE Status
Well-maintained 8-unit brick apartment building with additional commercially zoned land included, offering future development or expansion potential. This property presents multiple value-add and long-term upside opportunities. The building itself is fully leased with year-to-year leases in place, providing immediate and stable cash flow. Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin-operated laundry system for supplemental income. Each unit features separate electric meters, helping keep operating expenses efficient and transparent. Tenants benefit from basement storage units, adding everyday functionality and desirability. The property also offers a surface outdoor parking lot for convenient tenant parking. Solid brick construction, consistent rental history, and excess commercially zoned land make this a compelling opportunity for investors seeking income today with flexibility for future growth. Unit 5-8 Rent=$4,935/mo

505 Alan Dr, Mount Horeb

This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing.