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$3,200,000
2 Days On Site

120-126 N Franklin Street
Madison, WI 53703

For Sale|Multi Family|Active
17
Beds
8
Total Baths
8
Full Baths
1909
Built
County:
Dane
Listing courtesy of Imani Jones of EXIT Realty HGM
Call Now: 608.358.7481
Is this the listing for you? We can help make it yours.
608.358.7481
120-126 N Franklin Street120-126 N Franklin Street120-126 N Franklin Street120-126 N Franklin Street
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Monthly Payment (Est.)

$14,600
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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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Listing Snapshot
Price 
$3,200,000
Days On Site 
2 Days
Bedrooms 
17
Inside Area (SqFt) 
N/A
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.225 Acres
Year Built 
1909
MLS® Number 
2023686
Status 
Active
Property Tax 
$33,941
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS®
yesterdayStatus changed to Active
2 days agoListing first seen on site
General Features
Acres 
0.225
Parking Spaces 
12
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Appliances 
DryerWater Softener
Basement 
Full
Window Features 
Window Coverings
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Exterior Features
Construction Details 
Vinyl SidingWood Siding
Windows/Doors 
Window Coverings
Community Features
School District 
Madison
Schools
School District
Madison
Elementary School
Lapham/Marquette
Middle School
OKeeffe
High School
East
Listing courtesy of Imani Jones of EXIT Realty HGM



Listing information is provided by Participants of the South Central Wisconsin MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Information is supplied by seller and other third parties and has not been verified. Copyright 2026, South Central Wisconsin MLS Corporation. All rights reserved.
Last checked: 2026-05-20 04:18 AM UTC

Neighborhood & Commute
Source: Walkscore
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