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.
62 days
|
300
|
16
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Zillow last checked:
Listing updated:
Listed by:
Imani Jones,
EXIT Realty HGM
Source: SCWMLS,MLS#: 2023686
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 17
Bathrooms: 8
Full bathrooms: 8
Heating
Natural Gas, Other
Features
Basement: Full
Interior area
Total structure area: 6,654
Total interior livable area: 6,654 sqft
Property
Parking
Total spaces: 12
Parking features: Common
Details: Outside
Features
Levels: One and One Half,Three Or More
Lot
Size: 9,801 Square Feet
Details
Parcel number: 070913321257
Zoning: DR1
Construction
Type & style
Home type: MultiFamily
Property subtype: Apartment
Materials
Vinyl Siding, Wood Siding
Condition
Year built: 1909
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Madison
Financial & listing details
Price per square foot: $481/sqft
Tax assessed value: $1,819,300
Annual tax amount: $33,941
Date on market: 5/19/2026
Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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