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.
Offer-no show
Price cut: $143K (9/11)
$2,900,000
120-126 N Franklin St, Madison, WI 53703
17beds
6,654sqft
Apartment
Built in 1909
-- sqft lot
$2,638,400 Zestimate®
$436/sqft
$-- HOA
What's special
- --
- on Zillow
- 106
- views
- 8
- saves
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: Three Or More,One and One Half
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: $436/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
- Exclusions: Seller and Tenant Personal Property
- Total actual rent: 168480
Estimated market value
$2,638,400
$2.51M - $2.77M
$2,483/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Pending sale | $2,900,000$436/sqft |
Source: SCWMLS #2023686 Report a problem | ||
| 9/11/2026 | Price change | $2,900,000-4.7%$436/sqft |
Source: SCWMLS #2023686 Report a problem | ||
| 7/22/2026 | Price change | $3,043,000-4.9%$457/sqft |
Source: SCWMLS #2023686 Report a problem | ||
| 5/19/2026 | Listed for sale | $3,200,000+47.5%$481/sqft |
Source: | ||
| 4/14/2023 | Sold | $2,170,000$326/sqft |
Source: SCWMLS #1950000 Report a problem | ||
| 2/15/2023 | Pending sale | $2,170,000$326/sqft |
Source: | ||
| 2/10/2023 | Listed for sale | $2,170,000$326/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Capitol
Nearby schools
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- Middle: OKeeffe
- High: East
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



