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Hot
Price Drop: $143K (10/16)
Street View
$2,900,000
Monthly Est:$14,434
-- Bed
-- Bath
--sqft
120-126 N Franklin Street Street, Madison, WI 53703
$2,900,000
$14,434/moEst:
Get Pre-Approved
Multi Family
Built in 1909
$-- HOA
9,801 sqft lot
--/sqft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: October 16, 2026 at 11:18 am
- Listing Provided by: Imani Jones (608) 395-7600 | EXIT Realty HGM (608) 563-2272
- Source: WIREX | MLS#: 2023686
- Originating MLS: South Central Wisconsin MLS
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1909
HOA Fees
-
Finished Area
- sqft
Lot Size
9,801 sqft lot
Basement Area
- sqft
MLS Name
WIREX
MLS Number
2023686
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Other, Natural Gas
Cooling
Other
Price History
| Date | Event | Price |
|---|---|---|
10/16/2026 Source: | Pending | $2,900,000 $0/sqft |
10/01/2026 Source: | Price Decreased | $2,900,000 -4.70% $0/sqft |
07/22/2026 Source: | Price Decreased | $3,043,000 -4.91% $0/sqft |
05/19/2026 Source: | Price Increased | $3,200,000 +10.34% $0/sqft |
05/19/2026 Source: | Listed for Sale | $2,900,000 $0/sqft |
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Based on information received from WIRES/RANW MLS through Nov 02, 2026, 02:15PM. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Houzeo nor RANW MLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. ©2026 RANW MLS, Inc. All rights reserved.
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