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
$3,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,200,000

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1909
  • Listing ID #:2023686
  • Added:1 day(s) ago
  • Updated:May 22, 2026 at 03:01 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:$3,200,000
  • Tax amount:$33,941 (2025)
The information being provided by Wisconsin Real Estate Exchange is for the consumer’s 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 supplied by seller and other third parties and has not been verified. 2026 Wisconsin Real Estate Exchange All rights reserved.

New listings near 120-126 N Franklin Street