554 W Mifflin Street, Madison
$1,295,000
MLS® # 2023152, 33 days, Active
120-122 N Franklin Street, Madison
$1,670,000
0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages
120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madisonâs most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long-term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin st portfolio. A rare side-by-side 27 bedroom opportunity with significant development potential.
EXIT Realty HGM.
Essential Information
Status Active
Detailed Status Active
Days on Market 28
MLS® # 2023684
Price $1,670,000
Year Built 1909
Type Multi Family
Assessed Value $726,300
Year Assesed 2025
Net Taxes $11,712
Tax Year 2024
Total Income $168,581
Parking Per Unit Shared
Exterior Vinyl
Community Information
Address 120-122 N Franklin Street
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703
School Information
Property Overview
3 Bedroom Units 3
Total Units 3
# of Water Heaters 1
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 3
# of Refrigerators 3
# of Dishwashers 3
# of Washers 3
# of Dryers 3
Unit 1 Details
# of Bedrooms 4
# of Full Baths 2
Lease Expires Aug 2027
Monthly Rent $4,149
Square Feet 1,522
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 2 Details
# of Bedrooms 4
# of Full Baths 2
Lease Expires Aug 2027
Monthly Rent $3,749
Square Feet 1,522
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 3 Details
# of Bedrooms 6
# of Full Baths 3
Lease Expires Aug 2027
Monthly Rent $4,749
Square Feet 2,500
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Additional Information
Zoning DR1
Short Sale No
REO / Bank Owned No
Map Views
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Data provided by the South Central Wisconsin MLS as of 06/14/2026.
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