120-126 N Franklin ST, Madison, WI 53703-2310
120-126 N Franklin ST, Madison, WI 53703-2310
120-126 N Franklin ST, Madison, WI 53703-2310
120-126 N Franklin ST, Madison, WI 53703-2310
120-126 N Franklin ST, Madison, WI 53703-2310
120-126 N Franklin ST, Madison, WI 53703-2310
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
Listed by Imani Jones • EXIT Realty HGM
$ 2,900,000
Est. payment | /mo

9,801 Sqft Lot

Save
$ 2,900,000
Est. payment | /mo
Save

9,801 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Municipality MADISON

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

Direction .

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Other

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

Building

Building Age 21+ Years

Dwelling Type 3+ Story,2 Flat Up and Down,1.5 Story

Story 3 - 4, 1 - 2

Sewer Municipal Water, Municipal Sewer

Structure Type Vinyl,Wood

New Construction N

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

Data source Copyright: ©2026 REALTORS® Association of Northeast Wisconsin MLS, Inc. All rights reserved.

Nearby Locations

Place Perfect Realty

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI 54143-1713, USA

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120-126 N Franklin ST