Linda Werner

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Listing provided courtesy of EXIT Realty HGM- MLS# 2023681MLS Provider

124 N Franklin StreetMadison, WI 53703

Multi-Family · 0.08 Acres
$900,000 Active

124 N Franklin Street Overview

Time on Site:
41 days
Visits:
1

Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.

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124 N Franklin Street Facts & Features

  • Type Multi-Family
  • Lot 0.08 Acres

Details

General

School Information

  • Elementary School: Lapham/Marquette
  • Middle Or Junior School: OKeeffe
  • High School: East

Building Information

  • Water/Waste: Municipal sewer, Municipal water
  • Year Built: 1882

Location/Region

  • County Or Parish: Dane
  • Location: MADISON - C E01
  • Postal City: Madison

Rent/Lease Information

  • Unit 2 Monthly Rent: $3,995.00

Tax Information

  • Tax Annual Amount: $14,248.00
  • Tax Assessed Value: $763,700.00
  • Tax Year: 2025

General Information

  • Exclusions: Seller and Tenant Personal Property
  • Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
  • Parcel Number: 0709-133-2126-5
  • Property Type: Multi Family
  • Sub-Type: 2 flat-up and down
  • Zoning: DR1

Interior

Building Information

  • # Furnaces: 1
  • Heating Fuel: Natural Gas

Beds/Baths

  • Number of 2 Bedrooms: 0

Building Interior

  • # Stoves: 2
  • # Water Heaters: 1

General Information

  • Basement: Full, Unfinished

Unit Information

  • Unit 1 Monthly Rent: $2,549.00
  • Unit 2 Parking: 2 Space
  • Unit 1 Parking: 2 Space
  • Unit 1 # Bedrooms: 3
  • Unit 2 # Bedrooms: 5
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 2 Full Baths: 2
  • Unit 2 Half Baths: 0
  • Unit 1 Primary Bedroom Level: M
  • Unit 1 Primary Bedroom Dimension: 15x10
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimension: 12x12
  • Unit 1 Bedroom 3 Level: M
  • Unit 1 Bedroom 3 Dimension: 15x8
  • Unit 1 Kitchen Level: M
  • Unit 1 Kitchen Dimension: 11x13
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Living/Great Room Dimension: 14x11
  • Unit 2 Primary Bedroom Level: M
  • Unit 2 Primary Bedroom Dimension: 12x13
  • Unit 2 Bedroom 2 Level: M
  • Unit 2 Bedroom 2 Dimension: 12x13
  • Unit 2 Bedroom 3 Level: M
  • Unit 2 Bedroom 3 Dimension: 12x13
  • Unit 2 Kitchen Level: M
  • Unit 2 Kitchen Dimension: 12x15
  • Unit 2 Other Room: Bedroom
  • Unit 2 Other Room Level: M
  • Unit 2 Other Room Dimension: 13x10
  • Unit 2 Other Room 2: Bedroom
  • Unit 2 Other Room 2 Level: M
  • Unit 2 Other Room 2 Dimension: 13x10
  • Unit 2 Other Room 3 Level: M
  • Unit 2 Other Room 3 Dimension: 11x7

Exterior

Parking Information

  • Parking Stalls Inside: 0

Building Exterior/Construction

  • Construction Materials: Vinyl

General Information

  • Number Of Units Total: 2

124 N Franklin Street Neighborhood

Community

53703 (Madison) Demographics

25
Median Age
19,375
Population Density (per sq. mile)
75%
College Educated
$42,153
Estimated Median Income
2,529
Estimated Total Home Owners
15,022
Estimated Total Renters
14% / 86%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

124 N Franklin Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

124 N Franklin Street Market Data

Based on the last 30 days in this zip code

$671,010
Average List Price
$477
Average Price per Square Foot
21
Properties Sold
50
Average Days on Market
59
Properties for Sale
Calculations provided by Reliance Network

124 N Franklin Street History

Date Event Value Agent
5/19/2026Source: South Central Wisconsin MLS Added to Database
May 19, 2026