120-126 N Franklin Street, Madison, WI 53703

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
120-126 N Franklin Street,Madison, WI 53703
$2,900,000
  • 17 Beds
  • 8 Baths
  • 6,654 sq. ft.
  • Multi-family
  • Pending
Listed by: imani jones
Office: exit realty hgm
MLS#:2023686
Source:WI_WIREX_SCW

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$435.83

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.

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Home facts

  • Year built:1909
  • Listing ID #:2023686
  • Added:154 day(s) ago
  • Updated:October 21, 2026 at 11:10 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:8
  • Full bathrooms:8
  • Basement Description:Full
  • Living area:6,654 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1909
  • Building area:6,654 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Stucco, Vinyl
  • 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:$2,900,000
  • Price per sq. ft.:$435.83
  • Tax amount:$33,941 (2025)
2026 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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