120-126 N Franklin St, Madison, WI 53703-2310
- $3,043,000
Courtesy of Imani Jones with EXIT Realty HGM. 608-563-2272
- List Price
- $3,043,000
- Status
- ACTIVE
- MLS#
- 2023686
- Acres
- 0.23
- Year Built
- 1909
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.
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Additional Information
- School District
- Madison
- Elementary School
- Lapham/Marquette
- Middle School
- OKeeffe
- High School
- East
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