Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.
For sale
$900,000
124 N Franklin St, Madison, WI 53703
8beds
--sqft
Other
Built in 1882
3,484 Square Feet Lot
$862,200 Zestimate®
$--/sqft
$-- HOA
What's special
Oversized unitsOff-street parkingClassic charm
- 149 days
- 133
- 3
Zillow last checked:
Listed by:
Imani Jones,
EXIT REALTY HGM
Source: EXIT Realty broker feed,MLS#: 2023681
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Full, Unfinished
- Has fireplace: No
Video & virtual tour
Property
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 070913321265
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other
Condition
- Year built: 1882
Community & HOA
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $783,845
- Annual tax amount: $14,157
- Date on market: 5/20/2026
- Lease term: Contact For Details
Estimated market value
$862,200
$819,000 - $905,000
$3,003/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $900,000+63.6% |
Source:  WIREX MLS #2023681 Report a problem | ||
| 11/8/2019 | Listing removed | $1,750 |
Source: Isthmus Rentals Report a problem | ||
| 11/5/2019 | Price change | $1,750-11.4% |
Source: Isthmus Rentals Report a problem | ||
| 10/28/2019 | Price change | $1,975-12.2% |
Source: Isthmus Rentals Report a problem | ||
| 10/14/2019 | Price change | $2,250-10% |
Source: Isthmus Rentals Report a problem | ||
| 10/2/2019 | Price change | $2,500-9.1% |
Source: Isthmus Rentals Report a problem | ||
| 9/13/2019 | Price change | $2,750+57.1% |
Source: Isthmus Rentals Report a problem | ||
| 7/27/2019 | Price change | $1,750-10.3% |
Source: Isthmus Rentals Report a problem | ||
| 7/13/2019 | Price change | $1,950+11.4% |
Source: Isthmus RPM Report a problem | ||
| 7/6/2019 | Price change | $1,750-10.3% |
Source: Isthmus Rentals Report a problem | ||
| 6/5/2019 | Listed for rent | $1,950-13.3% |
Source: Isthmus RPM Report a problem | ||
| 4/27/2019 | Listing removed | $2,250 |
Source: Isthmus RPM Report a problem | ||
| 3/27/2019 | Listed for rent | $2,250-13.5% |
Source: Isthmus RPM Report a problem | ||
| 3/28/2018 | Sold | $550,000+64.2% |
Source: Public Record Report a problem | ||
| 11/14/2017 | Listing removed | $2,600 |
Source: Owner Report a problem | ||
| 9/10/2017 | Listed for rent | $2,600 |
Source: Owner Report a problem | ||
| 6/21/2012 | Sold | $335,000+28.8% |
Source: Public Record Report a problem | ||
| 1/8/2008 | Sold | $260,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,157 +3.2% | $763,700 +9% |
| 2024 | $13,714 +3.9% | $700,600 +7% |
| 2023 | $13,193 | $654,800 +5% |
| 2022 | -- | $623,700 +5% |
| 2021 | -- | $594,000 +8% |
| 2020 | -- | $550,000 |
| 2019 | $8,572 | $550,000 +43.2% |
| 2018 | $8,572 -3.5% | $384,100 |
| 2017 | $8,882 +1.2% | $384,100 +5% |
| 2016 | $8,779 +5% | $365,800 +5% |
| 2014 | $8,363 +33.8% | $348,400 +4% |
| 2013 | $6,250 -4.9% | $335,000 +22% |
| 2012 | $6,569 +5.1% | $274,600 |
| 2011 | $6,250 +3.6% | $274,600 |
| 2010 | $6,033 +3.8% | $274,600 -4% |
| 2009 | $5,811 +15.7% | $286,000 +10% |
| 2008 | $5,024 -21.6% | $260,000 -20.3% |
| 2007 | $6,409 -0.3% | $326,200 |
| 2006 | $6,427 +4.3% | $326,200 +10% |
| 2005 | $6,163 +2.8% | $296,500 +10% |
| 2004 | $5,995 +5.6% | $269,500 |
| 2003 | $5,679 -3.2% | $269,500 +7.8% |
| 2002 | $5,865 -3.8% | $250,000 +0.8% |
| 2001 | $6,096 +8.8% | $248,000 +12% |
| 2000 | $5,602 | $221,400 |
Find assessor info on the county website
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Est. payment
Payment breakdown
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Neighborhood: Capitol
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