Listing Office: EXIT Realty HGM

120-122 N Franklin Street, Madison, WI

$1,670,000

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About 120-122 N Franklin Street

120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madison’s most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long-term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin st portfolio. A rare side-by-side 27 bedroom opportunity with significant development potential.

Features of 120-122 N Franklin Street

MLS® # 2023684
Price $1,670,000
Year Built 1909
Type Multi Family
Status Active
Detailed Status Active
Net Taxes $11,712
Tax Year 2024

Community Information

Address 120-122 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 $726,300
Year Assessed 2025

Open House Information

Listing Details

OfficeEXIT Realty HGM

Listing Map

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