Listing provided courtesy of EXIT Realty HGM- MLS# 2023686
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Request Info120-126 N Franklin StreetMadison, WI 53703
Multi-Family · 0.22 Acres$3,200,000
Active
120-126 N Franklin Street Overview
- Time on Site:
- 41 days
- Visits:
- 5
Rare opportunity to own the 120&126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027&2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison's most competitive rental markets. Opportunities to acquire a congruent, turnkey 27-bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long-term appreciation, cash flow, and development upside make this a portfolio standout.
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120-126 N Franklin Street Facts & Features
- Type Multi-Family
- Lot 0.22 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: 1909
Location/Region
- County Or Parish: Dane
- Location: MADISON - C E01
- Postal City: Madison
Rent/Lease Information
- Unit 2 Monthly Rent: $3,575.00
- Unit 3 Monthly Rent: $4,495.00
- Unit 4 Monthly Rent: $2,395.00
Tax Information
- Tax Annual Amount: $33,941.00
- Tax Assessed Value: $1,819,300.00
- 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: 0709-133-2125-7
- Property Type: Multi Family
- Sub-Type: 3 story, 2 flat-up and down, 1 1/2 story
- Zoning: DR1
Interior
Building Information
- # Furnaces: 3
- Heating Fuel: Natural Gas
Beds/Baths
- Number of 2 Bedrooms: 0
Building Interior
- # Stoves: 6
- # Water Heaters: 3
General Information
- Basement: Full
Unit Information
- Unit 1 Monthly Rent: $3,575.00
- Unit 2 Parking: 2 Space
- Unit 3 Parking: 2 Space
- Unit 4 Parking: 2 Space
- Unit 1 Parking: 2 Space
- Unit 1 # Bedrooms: 4
- Unit 2 # Bedrooms: 4
- Unit 3 # Bedrooms: 6
- Unit 4 # Bedrooms: 3
- Unit 1 Full Baths: 2
- Unit 1 Half Baths: 0
- Unit 2 Full Baths: 2
- Unit 2 Half Baths: 0
- Unit 3 Full Baths: 3
- Unit 3 Half Baths: 0
- Unit 4 Full Baths: 1
- Unit 4 Half Baths: 0
- Unit 1 Primary Bedroom Level: M
- Unit 1 Primary Bedroom Dimension: 12x13
- Unit 1 Bedroom 2 Level: M
- Unit 1 Bedroom 2 Dimension: 13x8
- Unit 1 Bedroom 3 Level: M
- Unit 1 Bedroom 3 Dimension: 10x9
- Unit 1 Kitchen Level: M
- Unit 1 Kitchen Dimension: 10x11
- Unit 1 Living/Great Room Level: M
- Unit 1 Living/Great Room Dimension: 10x10
- Unit 1 Other Room: Bedroom
- Unit 1 Other Room Level: M
- Unit 1 Other Room Dimension: 12x13
- Unit 1 Other Room 2: Family/Rec Room
- Unit 1 Other Room 2 Level: M
- Unit 1 Other Room 2 Dimension: 14x14
- Unit 2 Primary Bedroom Level: M
- Unit 2 Primary Bedroom Dimension: 12x13
- Unit 2 Bedroom 2 Level: M
- Unit 2 Bedroom 2 Dimension: 14x8
- Unit 2 Bedroom 3 Level: M
- Unit 2 Bedroom 3 Dimension: 10x9
- Unit 2 Kitchen Level: M
- Unit 2 Kitchen Dimension: 10x10
- Unit 2 Living/Great Room Level: M
- Unit 2 Living/Great Room Dimension: 14x14
- Unit 2 Other Room: Bedroom
- Unit 2 Other Room Level: M
- Unit 2 Other Room Dimension: 12x10
Exterior
Parking Information
- Parking Stalls Inside: 0
Lot Information
- Lot Size Acres: 0.225
Building Exterior/Construction
- Construction Materials: Vinyl, Wood
General Information
- Number Of Units Total: 6
120-126 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
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.120-126 N Franklin Street Monthly Cost
120-126 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
120-126 N Franklin Street History
| Date | Value | Agent |
|---|---|---|
| 5/19/2026Source: South Central Wisconsin MLS | May 19, 2026 |
|
| 7/28/2025Source: South Central Wisconsin MLS | February 09, 2023 |
|
| 7/28/2025Source: South Central Wisconsin MLS | Offer-No Show |
|
| 7/28/2025Source: South Central Wisconsin MLS | Sold |