$650,000

5 Beds 2 Baths 1,742 Sqft

126 N Franklin Street, Madison, WI 53703

Property Type: Single-Family
Building Type: 1.5 Story
Time on Market: 4 days
Price per Sqft: $373
Garage: Y
Total Taxes: $6,144
Est. Age: 21+ Years

Description

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.

Property Details

Interior

Appliances:
  • Window A/C
Basement:
  • Full
Baths:
  • Full Baths: 2
  • Bath Descriptions: No Master Bedroom Bath
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 1,742
  • Lot Sqft Source: Assessor/Public Record
  • Estimated Sqft Range: 1501-1750

Rooms

Room Basement Level Lower Level Main Level Upper Level
Master Bedroom 13x10
Bedroom 2 12x13
Bedroom 3 13x11
Bedroom 4 13x10
Bedroom 5 7x15
Kitchen 13x11
Living Room 11x13
Other 13x10

Exterior

Acreage:
  • Source: Assessor/Public Record
Exterior:
  • Wood
Garage:
  • Details: None
Style:
  • Cape Cod
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

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

Map

Listing Agent-Provided Directions:
  • .

Monthly Payment Calculator

$
$
%
%
Est.
0.00
/month
Principal & Interest
$
Property Taxes
$
Home Insurance
$
Mortgage Insurance
$
HOA Fees
$
Utilities
$

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 5/24/2026

This Property
Madison Single Family Home Avg
Dane County Single Family Home Avg
List Price
$650,000
$609,091
$680,021
Median Price
—
$515,000
$574,900
Price / Sq Ft
$373
$297
$281
Days on Market
4 days
36 days
55 days
Total Listings
—
277
1,164

Listing Information

  • Time on Market: 4 days
  • Place Perfect Last Updated: 2026-05-20 22:13:05
  • MLS Number: 2023674
  • Subsystem Locale: WIREX_SCW
  • Listing Office: EXIT Realty HGM
  • Listing Agent: Imani Jones

Homes with 5 bedrooms

Explore nearby homes with 5 bedrooms

Madison School District Homes

Explore Madison school district homes in Madison, Wisconsin

WIREX Logo

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.

© 2026 WIREX-Wisconsin Real Estate Exchange – All Rights Reserved