Listing Office: EXIT Realty HGM

120-126 N Franklin Street, Madison, WI

$3,043,000

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About 120-126 N Franklin Street

Rare opportunity to own the 120–126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027–2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison’s most competitive rental markets. Opportunities to acquire a congruent, turnkey 27-bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long-term appreciation, cash flow, and development upside make this a portfolio standout.

Features of 120-126 N Franklin Street

MLS® # 2023686
Price $3,043,000
Year Built 1909
Type Multi Family
Status Active
Detailed Status Active
Net Taxes $33,941
Tax Year 2025

Community Information

Address 120-126 N Franklin Street
Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703-2310

Amenities

Interior

Heating Other

Exterior

Exterior Vinyl, Wood

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 $1,819,300
Year Assessed 2025

Open House Information

Listing Details

OfficeEXIT Realty HGM

Listing Map

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