120-126 N Franklin Street, Madison, WI 53703

Madison
Local realty services provided by:ERA MyPro Realty
Listed by: imani jones
Office: exit realty hgm
MLS#:2023686
Source:Metro MLS
120-126 N Franklin Street,Madison, WI 53703
$2,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$2,900,000

About this home

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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Home facts

  • Year built:1909
  • Listing ID #:2023686
  • Added:136 day(s) ago
  • Updated:October 05, 2026 at 03:47 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1909
  • Lot area:0.23 Acres
  • Construction Materials:Vinyl, Wood
  • Levels:1.5 Story, 3+ Story

Schools

  • High school:East
  • Middle school:Okeeffe
  • Elementary school:Lapham/Marquette

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$2,900,000
  • Tax amount:$33,941 (2025)
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