$3,200,000

14 Beds 7 Baths 5,544 Sqft

120-126 N Franklin Street, Madison, WI 53703

Property Type: Multi-Family
Building Type: 3+ Story,2 Flat Up and Down,1.5 Story
Time on Market: 14 days
Price per Sqft: $577
Total Taxes: $33,941
Est. Age: 21+ Years

Description

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.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 4 2 0 1522
Unit 2 4 2 0 1522
Unit 3 6 3 0 2500

Property Details

Interior

Basement:
  • Full
Baths:
  • Full Baths: 7
Heating/Cooling:
  • Other
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 5,544

Exterior

Acreage:
  • Source: Assessor/Public Record
Exterior:
  • Vinyl, Wood
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 53703
  • Zip+4: 2310
Street:
  • Direction Prefix: N
  • Name: Franklin Street
  • Suffix: STREET
Tax Year:
  • 2025
Zoning:
  • DR1

Map

Listing Agent-Provided Directions:
  • .

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Schools and Neighborhood

Elementary School:
  • Lapham/Marquette
Middle School:
  • Okeeffe
High School:
  • East
School District:
  • Madison
Postal City:
  • Madison
Municipality:
  • Name: MADISON
  • Type: City
County:
  • DANE

Market Comparison

How this property compares to local market averages — calculated 6/3/2026

This Property
Madison Multi Family Home Avg
Dane County Multi Family Home Avg
List Price
$3,200,000
$1,103,812
$1,068,921
Median Price
—
$839,000
$720,000
Price / Sq Ft
$577
$0
$267
Days on Market
14 days
58 days
62 days
Total Listings
—
32
55

Listing Information

  • Time on Market: 14 days
  • Place Perfect Last Updated: 2026-05-20 22:15:18
  • MLS Number: 2023686
  • Subsystem Locale: WIREX_SCW
  • Listing Office: EXIT Realty HGM
  • Listing Agent: Imani Jones

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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