Listing Office: EXIT Realty HGM

124 N Franklin Street, Madison, WI

$900,000

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About 124 N Franklin Street

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.

Features of 124 N Franklin Street

MLS® # 2023681
Price $900,000
Year Built 1882
Type Multi Family
Status Active
Detailed Status Active
Net Taxes $14,248
Tax Year 2025

Community Information

Address 124 N Franklin Street
Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703

Amenities

Interior

Heating Other

Exterior

Exterior Vinyl

School Information

District Madison
Elementary Lapham/Marquette
Middle OKeeffe
High East

Additional Information

Zoning DR1
Foreclosure No
Short Sale No
RE / Bank Owned No
Assessed Value $763,700
Year Assessed 2025

Open House Information

Listing Details

OfficeEXIT Realty HGM

Listing Map

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