126 N Franklin Street, Madison, WI 53703
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126 N Franklin Street, Madison, WI 53703
126 N Franklin Street, Madison, WI 53703
126 N Franklin Street, Madison, WI 53703
126 N Franklin Street, Madison, WI 53703
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$ 650,000
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126 N Franklin Street Madison, WI 53703

5 Beds

2 Baths

1,742 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Cape Cod

Listing Status Active

Purchase Type For Sale

Square Footage 1,742 sqft

Price per Sqft $373

MLS Listing ID 2023674

Style Cape Cod

Bedrooms 5

Full Baths 2

Year Built 1889

Annual Tax Amount $6,144

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Cape Cod

Property Description

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.

Location

State WI

County Dane

Zoning DR1

Rooms

Basement Full

Kitchen Main

Interior

Heating Natural Gas

Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings

Equipment Window A/C

Exterior

Exterior Feature Wood

Parking Features None

Building

Dwelling Type 1.5 Story

Sewer Municipal Water, Municipal Sewer

New Construction N

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

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Listed by EXIT Realty HGM

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126 N Franklin Street