Listing Courtesy of: EXIT Realty HGM
Listing Agent: Imani Jones
608-395-7600
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.
| Mls #: | 2023686 |
|---|---|
| List Price: | $2,900,000 |
| Class: | Multi Family |
| Status: | Offer-Show |
| Net Taxes: | $33,941 |
| Est. Total Acres: | 0.225 |
| Waterfront Y/N: | No |
| Municipality: | Madison |
| County: | Dane |
| ZIP: | 53703-2310 |
| Year Built: | 1909 |
| Number Of Units: | 6 |
| Location: | Madison-C E01 |
| State: | WI |
| C/T/V: | City |
| U1 Landlord Pays Heat: | No |
| U1 Landlord Pays Electric: | No |
| U1 Landlord Pays Wtr/Sew: | No |
| U2 Landlord Pays Heat: | No |
| U2 Landlord Pays Electric: | No |
| U2 Landlord Pays Wtr/Sew: | No |
| Heating Type: | Other |
| Zoning: | DR1 |
| High School: | East |
| Middle School: | OKeeffe |
| Elementary: | Lapham/Marquette |
| Heating Fuel: | Natural Gas |
| Unit 1: | 122 |
| U1 Lease Expiration Date: | Aug 2027 |
| U1 Parking: | 2 Space |
| Unit 2: | 120 #2 |
| U2 Lease Expiration Date: | Aug 2027 |
| U2 Parking: | 2 Space |
| Unit 3: | 120 #3 |
| U3 Lease Expiration Date: | Aug 2027 |
| U3 Parking: | 2 Space |
| Unit 4: | 124 #1 |
| U4 Lease Expiration Date: | Aug 2027 |
| U4 Parking: | 2 Space |
| # Water Heaters: | 3 |
| # Water Softeners: | 3 |
| # Stoves: | 6 |
| # Refrigerators: | 6 |
| # Dish Washers: | 6 |
| # Washers: | 6 |
| # Dryers: | 6 |
| # Units W/Ac: | 0 |
| U1 # Bedrooms: | 4 |
| U1 Full Baths: | 2 |
| U1 Half Baths: | 0 |
| U2 # Bedrooms: | 4 |
| U2 Full Baths: | 2 |
| U2 Half Baths: | 0 |
| U3 # Bedrooms: | 6 |
| Total Assess Year: | 2025 |
| Tax Year: | 2025 |
| Number Of Efficiencies: | 0 |
| Number Of 1 Bedrooms: | 0 |
| Number Of 2 Bedrooms: | 0 |
| Parking Stalls Inside: | 0 |
| # Furnaces: | 3 |
| U1 Sq Ft: | 1,522 |
| Number Of 3+ Bedrooms: | 6 |
| U2 Sq Ft: | 1,522 |
| U3 Full Baths: | 3 |
| U3 Half Baths: | 0 |
| Parking Spaces Outside: | 12 |
| U3 Sq Ft: | 2,500 |
| U4 # Bedrooms: | 3 |
| U4 Full Baths: | 1 |
| Land Assess: | $347,500 |
| Improvements: | $1,471,800 |
| Total Assess: | $1,819,300 |
| Total Income: | $315,254 |
| U3 Landlord Pays Heat: | No |
| U3 Landlord Pays Electric: | No |
| U3 Landlord Pays Wtr/Sew: | No |
| U4 Landlord Pays Heat: | No |
| U4 Landlord Pays Electric: | No |
| U4 Landlord Pays Wtr/Sew: | No |
| Unit 1 Bedroom 3 Lvl: | M |
| Unit 1 Kitchen Lvl: | M |
| Unit 1 Living/Great Rm Lvl: | M |
| Unit 1 Master Bed Rm Lvl: | M |
| Unit 1 Other Room 2 Lvl: | M |
| Unit 1 Other Room Lvl: | M |
| Unit 2 Bedroom 2 Lvl: | M |
| Unit 2 Bedroom 3 Lvl: | M |
| Unit 2 Kitchen Lvl: | M |
| Unit 2 Living/Great Rm Lvl: | M |
| Unit 2 Master Bed Rm Lvl: | M |
| Unit 2 Other Room Lvl: | M |
| Unit 1 Bedroom 2 Lvl: | M |
| Source Of Est. Acres: | Assessor |
| Source Of Year Built: | Assessor |
| Unit 1 Bedroom 2 Dim: | 13x8 |
| Unit 1 Bedroom 3 Dim: | 10x9 |
| Unit 1 Kitchen Dim: | 10x11 |
| Unit 1 Living/Great Rm Dim: | 10x10 |
| Unit 1 Master Bed Rm Dim: | 12x13 |
| Unit 1 Other Room 2 Dim: | 14x14 |
| Unit 1 Other Room Dim: | 12x13 |
| Unit 2 Bedroom 2 Dim: | 14x8 |
| Unit 2 Bedroom 3 Dim: | 10x9 |
| Unit 2 Kitchen Dim: | 10x10 |
| Unit 2 Living/Great Rm Dim: | 14x14 |
| Unit 2 Master Bed Rm Dim: | 12x13 |
| Unit 2 Other Room Dim: | 12x10 |
| County Qtr Section: | East Metro Madison |
| Unit 1 Other Room: | Bedroom |
| Unit 1 Other Room 2: | Family/Rec Room |
| Unit 2 Other Room: | Bedroom |
| School District: | Madison |
| Parcel Id: | 0709-133-2125-7 |
| U4 Half Baths: | 0 |
| U4 Sq Ft: | 1,110 |
| U1 Mo Rent: | $3,575 |
| U2 Mo Rent: | $3,575 |
| U3 Mo Rent: | $4,495 |
| U4 Mo Rent: | $2,395 |
| Type: | 3 story, 2 flat-up and down, 1 1/2 story |
| Exterior: | Vinyl, Wood |
| Basement: | Full |
| Water/Waste: | Municipal sewer, Municipal water |
| Directions: | . |
| Items Included: | All appliances, washing machines, dryers, water heaters, water softeners, window coverings |
| Items Excluded: | Seller and Tenant Personal Property |
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South Central Wisconsin Multiple Listing Service data last updated on October 08, 2026 04:31 PM - CT.
Property Last Updated: October 08, 2026 04:31 PM - CT
