120-122 N Franklin Street, Madison, WI 53703

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Power Realty
Listed by: imani jones
Office: exit realty hgm
MLS#:2023684
Source:Metro MLS
120-122 N Franklin Street,Madison, WI 53703
$1,670,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,670,000

About this home

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 Madison?s 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.

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Home facts

  • Year built:1909
  • Listing ID #:2023684
  • Added:106 day(s) ago
  • Updated:September 05, 2026 at 03:54 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1909
  • Lot area:0.08 Acres
  • Construction Materials:Vinyl
  • Levels:3+ Story

Schools

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

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,670,000
  • Tax amount:$11,712 (2024)
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