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Listed by EXIT Realty HGM
$ 1,670,000
Est. payment | /mo
14 Beds
7 Baths
5,544 SqFt
$ 1,670,000
Est. payment | /mo
14 Beds
7 Baths
5,544 SqFt
Key Details
Property Type Multi-Family
Sub Type 3 story
Listing Status Active
Purchase Type For Sale
Square Footage 5,544 sqft
Price per Sqft $301
MLS Listing ID 2023684
Bedrooms 14
Full Baths 7
Year Built 1909
Annual Tax Amount $11,712
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type 3 story
Property Description
120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madison's most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long-term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin st portfolio. A rare side-by-side 27 bedroom opportunity with significant development potential.
Location
State WI
County Dane
Area Madison - C E01
Zoning DR1
Direction .
Rooms
Basement Full, Unfinished
Interior
Heating Other
Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Heat Source Natural Gas
Exterior
Parking Features Shared
Building
Water Municipal sewer, Municipal water
Structure Type Vinyl
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved