120-126 N Franklin Street, Madison, WI 53703-2310
120-126 N Franklin Street, Madison, WI 53703-2310
120-126 N Franklin Street, Madison, WI 53703-2310
120-126 N Franklin Street, Madison, WI 53703-2310
120-126 N Franklin Street, Madison, WI 53703-2310
120-126 N Franklin Street, Madison, WI 53703-2310
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Andy Beiser

Andy Beiser

Beiser Realty, LLC

+1(920) 744-3399
Listed by EXIT Realty HGM
$ 3,043,000
Est. payment | /mo

17 Beds

8 Baths

6,654 SqFt

Save
$ 3,043,000
Est. payment | /mo
Save

17 Beds

8 Baths

6,654 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 story,2 flat-up and down,1 1/2 story

Listing Status Active

Purchase Type For Sale

Square Footage 6,654 sqft

Price per Sqft $457

MLS Listing ID 2023686

Bedrooms 17

Full Baths 8

Year Built 1909

Annual Tax Amount $33,941

Tax Year 2025

Lot Size 9,801 Sqft

Acres 0.225

Property Sub-Type 3 story,2 flat-up and down,1 1/2 story

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

Area Madison - C E01

Zoning DR1

Direction .

Rooms

Basement Full

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,Wood

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

South Central Wisconsin MLS (SCWMLS)
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

Nearby Locations

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Local Media
Education
Public Services & Government

  • The Paradise Lounge

    119 W Main St, Madison, WI 53703

    American (New) Phone: 608-256-2263

  • Shamrock Bar & Grille

    117 W Main St, Madison, WI 53703

    Gay Bars Phone: 608-259-8480

  • Badgerland Bar & Grill

    525 W Johnson St, Madison, WI 53703

    American (Traditional) Phone: 608-251-3033

  • Fresco

    227 State St, Madison, WI 53703

    American (New) Phone: 608-663-7374

  • Short Stack Eatery

    301 W Johnson St, Madison, WI 53703

    Breakfast & Brunch Phone: 608-709-5569

  • Francisco’s Mexican Cantina

    121 E Main St, Madison, WI 53703

    Mexican Phone: 608-294-1100

  • Samba Lounge

    240 W Gilman St, Madison, WI 53703

    Lounges Phone: 608-257-3300

  • The Statehouse

    1001 Wisconsin Pl, Madison, WI 53703

    American (New) Phone: 608-535-8222

  • Mr Brews Taphouse

    305 W Johnson St, Madison, WI 53703

    Burgers Phone: 608-819-6841

  • Estrellón

    313 W Johnson St, Madison, WI 53703

    Cafes Phone: 608-251-2111

  • Gooseberry on the Square

    1 S Pinckney St, Madison, WI 53703

    Salad Phone: 608-467-6552

  • Natt Spil

    211 King St, Madison, WI 53703

    Bars Phone: 608-258-8787

  • Casa de Lara

    341 State St, Madison, WI 53703

    Mexican Phone: 608-251-7200

  • Main Depot Tavern

    627 W Main St, Madison, WI 53703

    American (Traditional) Phone: 608-257-3100

  • Pinkus McBride Market

    301 N Hamilton St, Madison, WI 53703

    Grocery Phone: 608-284-8000

  • Come Back In

    508 E Wilson St, Madison, WI 53703

    Bars Phone: 608-258-8619

  • Opus Lounge

    116 King St, Madison, WI 53703

    Lounges Phone: 608-441-6787

  • The Side Door Grill and Tap

    240 W Gilman St, Madison, WI 53703

    American (Traditional) Phone: 608-310-4800

  • Teddywedgers

    101 State St, Madison, WI 53703

    Cafes Phone: 608-230-5360

  • Tiki Shack

    122 State St, Madison, WI 53703

    Bars Phone: 608-395-1965

  • The Rigby Pub And Grill

    119 E Main St, Madison, WI 53703

    American (New) Phone: 608-442-1112

  • Restaurant Muramoto

    225 King St, Madison, WI 53703

    Asian Fusion Phone: 608-259-1040

  • Jerome’s

    22 S Carroll St, Madison, WI 53703

    American (Traditional) Phone: 608-285-8000

  • Day Break Cafe

    1 W Wilson St, Madison, WI 53702

    Phone: 608-257-2233

  • Subway

    19 W Main St, Madison, WI 53703

    Fast Food Phone: 608-255-1636

  • Chasers Bar & Grille

    319 W Gorham St, Madison, WI 53703

    Sandwiches Phone: 608-512-0501

  • The Boathouse

    1001 Wisconsin Pl, Madison, WI 53703

    American (Traditional) Phone: 800-922-5512

  • The Cooper’s Tavern

    20 W Mifflin St, Madison, WI 53703

    Pubs Phone: 608-256-1600

  • Echo Tap & Grill

    554 W Main St, Madison, WI 53703

    Pizza Phone: 608-256-6928

  • Spices

    117 State St, Madison, WI 53703

    Phone: 608-257-7742

  • Madison Public House

    380 W Washington Ave Apt 509, Madison, WI 53703

    Phone: 608-268-1601

  • Layla’s Persian Food

    141 S Butler St, Madison, WI 53703

    Persian/Iranian Phone: 608-216-4511

  • Tempest Oyster Bar

    120 E Wilson St, Madison, WI 53703

    Bars Phone: 608-258-1443

  • Soup & Salad

    309 N Henry St, Madison, WI 53703

    Salad Phone: 800-601-7491

  • Los Gemelos

    244 W Gilman St, Madison, WI 53703

    Mexican Phone: 608-467-6999

  • Hamilton’s On The Square

    101 N Hamilton St, Madison, WI 53703

    American (New) Phone: 608-665-3387

  • Bluephies Cafe at Verex Plaza

    150 E Gilman St, Madison, WI 53703

    Cafes Phone: 608-255-5060

  • Red Rock Saloon

    322 W Johnson St, Madison, WI 53703

    Music Venues Phone: 608-709-5200

  • Sals Pizza

    15 N Butler St, Madison, WI 53703

    Pizza Phone: 608-442-7200

  • Bonne Journee

    Martin Luther King jr. Blvd. and W Doty St., Madison, WI 53703

    Food Stands