124 N Franklin Street, Madison, WI 53703

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
Listed by: imani jones
Office: exit realty hgm
MLS#:2023681
Source:Metro MLS
124 N Franklin Street,Madison, WI 53703
$900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$900,000

About this home

Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1882
  • Listing ID #:2023681
  • Added:1 day(s) ago
  • Updated:May 22, 2026 at 03:01 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1882
  • Lot area:0.08 Acres
  • Construction Materials:Vinyl

Schools

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

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$900,000
  • Tax amount:$14,248 (2025)
The information being provided by Wisconsin Real Estate Exchange is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. 2026 Wisconsin Real Estate Exchange All rights reserved.

New listings near 124 N Franklin Street