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#:2023674
Source:Metro MLS
126 N Franklin Street,Madison, WI 53703
$650,000
  • 5 Beds
  • 2 Baths
  • 1,742 sq. ft.
  • Single family
  • Pending

Price summary

  • Price:$650,000
  • Price per sq. ft.:$373.13

About this home

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.

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Home facts

  • Year built:1889
  • Listing ID #:2023674
  • Added:136 day(s) ago
  • Updated:October 05, 2026 at 04:34 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Bathrooms Description:No Master Bedroom Bath
  • Kitchen Description:On Main Level
  • Bedroom Description:Master Bedroom On Main Level
  • Basement Description:Full
  • Living area:1,742 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1889
  • Building area:1,742 sq. ft.
  • Lot area:0.08 Acres
  • Architectural Style:Cape Cod
  • Construction Materials:Wood
  • Levels:1.5 Story

Schools

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

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$373.13
  • Tax amount:$6,144 (2025)

Features and amenities

  • Appliances:Window A/C
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