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$ 3,043,000
Est. payment /mo
Price Dropped by $157K
120-126 N Franklin Street Madison, WI 53703
9,801 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2023686
Year Built 1909
Annual Tax Amount $33,941
Tax Year 2025
Lot Size 9,801 Sqft
Acres 0.225
Property Description
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.
Location
State WI
County Dane
Zoning DR1
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Other
Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Exterior
Exterior Feature Vinyl, Wood
Building
Dwelling Type 3+ Story,2 Flat Up and Down,1.5 Story
Story 3 - 4, 1 - 2
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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