124 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#: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.

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Home facts

  • Year built:1882
  • Listing ID #:2023681
  • Added:60 day(s) ago
  • Updated:July 21, 2026 at 03:24 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)
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