120-126 N Franklin Street, Madison

$3,200,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Rare opportunity to own the 120â126 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 2027â2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madisonâs 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.

EXIT Realty HGM.

Essential Information
Status Active
Detailed Status Active
Days on Market 28
MLS® # 2023686
Price $3,200,000
Year Built 1909
Type Multi Family
Assessed Value $1,819,300
Year Assesed 2025
Net Taxes $33,941
Tax Year 2025
Total Income $315,254
Parking Per Unit Shared
Exterior Vinyl, Wood
Community Information
Address 120-126 N Franklin Street
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703-2310
School Information
District Madison
Elementary Lapham/Marquette
Middle OKeeffe
High East
Property Overview
3 Bedroom Units 6
Total Units 6
# of Water Heaters 3
# of Water Softeners 3
Heat Fuel Natural Gas
# of Stoves 6
# of Refrigerators 6
# of Dishwashers 6
# of Washers 6
# of Dryers 6
Unit 1 Details
# of Bedrooms 4
# of Full Baths 2
Lease Expires Aug 2027
Monthly Rent $3,575
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 $3,575
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 $4,495
Square Feet 2,500
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 4 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires Aug 2027
Monthly Rent $2,395
Square Feet 1,110
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
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 06/15/2026.

Copyright 2026 – (South Central Wisconsin MLS) – All Rights Reserved

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