Linda Werner

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Listing provided courtesy of EXIT Realty HGM- MLS# 2023674MLS Provider

126 N Franklin StreetMadison, WI 53703

Single Family · 5 Beds · 2 Full Baths · 1,742 Sq. ft. | 0.08 Acres
$650,000 Active

126 N Franklin Street Overview

Time on Site:
41 days
Visits:
6

Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there's immediate upside for the next owner. The property has been well maintained with mostly vinyl windows, 2 parking spaces plus a moped spot, and very little yard maintenance. Tenants cover all expenses, making this an attractive low-maintenance investment opportunity with strong returns. Also available as part of the 120&126 N Franklin portfolio, offering a rare opportunity to acquire a side-by-side 27-bedroom investment property with significant long-term upside and future redevelopment potential.

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126 N Franklin Street Facts & Features

  • Type Single Family
  • Sq. ft. 1,742
  • Price/Sq.ft. $373
  • Lot 0.08 Acres

Details

General

School Information

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

Building Information

  • Fuel: Natural gas
  • Year Built: 1889

Location/Region

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

Tax Information

  • Tax Annual Amount: $6,144.00
  • Tax Assessed Value: $329,300.00
  • Tax Year: 2025

General Information

  • Exclusions: Seller and Tenant Personal Property
  • Farm: No
  • Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
  • Parcel Number: 0709-133-2127-3
  • Property Type: Single Family
  • Type: 1 1/2 story
  • Zoning: DR1

Interior

Building Information

  • Heating/Cooling: Window AC

Parking Information

  • Garage: None
  • Garage Spaces: 0

Beds/Baths

  • 1/2 Baths Main: 0
  • 1/2 Baths Upper: 0
  • Full Baths Upper: 1
  • Full Baths Lower: 0
  • Full Baths Main: 1
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 5
  • Bedroom 2 Level: U
  • Bedroom 2 Dimension: 12x13
  • Bedroom 3 Level: M
  • Bedroom 3 Dimension: 13x11
  • Bedroom 4 Dimension: 13x10
  • Bedroom 4 Level: U
  • Bedroom 5 Dimension: 7x15
  • Bedroom 5 Level: U
  • Above Grade Bedroom Count: 5
  • Primary Bed Bath: None
  • Primary Bed Dimension: 13x10
  • Primary Bedroom Level: M

Building Interior

  • Above Grade Finished Area: 1742
  • Below Grade Finished Area: 0
  • Dining Area Dimension: 13x10

General Information

  • Basement: Full, Unfinished
  • Living Area: 1742

Room Information

  • Kitchen Dimension: 13x11
  • Kitchen Level: M
  • Living/Great Dimension: 11x13
  • Living/Great Room Level: M
  • Other Room: Other
  • Other Room Dimension: 13x10
  • Other Room Level: U

Exterior

Lot Information

  • Lot Size Source: Assessor

Building Exterior/Construction

  • Architectural Style: Cape Cod
  • Construction Materials: Wood

General Information

  • Driveway: Shared
  • Sewer: Municipal sewer, Municipal water

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
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.

126 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.

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
Calculations provided by Reliance Network

126 N Franklin Street History

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