126 N Franklin Street, Madison, WI 53703

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
126 N Franklin Street,Madison, WI 53703
$650,000
  • 5 Beds
  • 2 Baths
  • 1,742 sq. ft.
  • Single family
  • Active
Listed by: imani jones
Office: exit realty hgm
MLS#:2023674
Source:WI_WIREX_SCW

Price summary

  • Price:$650,000
  • Price per sq. ft.:$373.13

About this home

Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there?s immediate upside for the next owner. The property has been well maintained with mostly vinyl windows, 2 parking spaces plus a moped spot, and very little yard maintenance. Tenants cover all expenses, making this an attractive low-maintenance investment opportunity with strong returns. Also available as part of the 120?126 N Franklin portfolio, offering a rare opportunity to acquire a side-by-side 27-bedroom investment property with significant long-term upside and future redevelopment potential.

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Home facts

  • Year built:1889
  • Listing ID #:2023674
  • Added:80 day(s) ago
  • Updated:August 08, 2026 at 02:04 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Bathrooms Description:No Master Bedroom Bath
  • Kitchen Description:On Main Level
  • Bedroom Description:Master Bedroom On Main Level
  • Basement Description:Full
  • Living area:1,742 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1889
  • Building area:1,742 sq. ft.
  • Lot area:0.08 Acres
  • Architectural Style:Cape Cod
  • Construction Materials:Stucco
  • Levels:1.5 Story

Schools

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

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$373.13
  • Tax amount:$6,144 (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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