For sale

$900,000

124 N Franklin St, Madison, WI 53703

8beds

2,697sqft

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Apartment

Built in 1882

-- sqft lot

$831,500 Zestimate^®

$334/sqft

$-- HOA

What's special

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.

28 days

263

15

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Other

Features

Basement: Full,Unfinished

Interior area

Total structure area: 2,697
Total interior livable area: 2,697 sqft

Property

Parking

Total spaces: 4
Parking features: Common
Details: Outside

Lot

Size: 3,484 Square Feet

Details

Parcel number: 070913321265
Zoning: DR1

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Vinyl Siding

Condition

Year built: 1882

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $334/sqft
Tax assessed value: $763,700
Annual tax amount: $14,248
Date on market: 6/5/2026
Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Exclusions: Seller and Tenant Personal Property
Total actual rent: 78528

Estimated market value

$831,500

$790,000 - $873,000

$2,633/mo

Price history

Date	Event	Price
5/19/2026	Listed for sale	$900,000+63.6%$334/sqft
Source: WIREX MLS #2023681 Report a problem
11/8/2019	Listing removed	$1,750$1/sqft
Source: Isthmus Rentals Report a problem
11/5/2019	Price change	$1,750-11.4%$1/sqft
Source: Isthmus Rentals Report a problem
10/28/2019	Price change	$1,975-12.2%$1/sqft
Source: Isthmus Rentals Report a problem
10/14/2019	Price change	$2,250-10%$1/sqft
Source: Isthmus Rentals Report a problem
10/2/2019	Price change	$2,500-9.1%$1/sqft
Source: Isthmus Rentals Report a problem
9/13/2019	Price change	$2,750+57.1%$1/sqft
Source: Isthmus Rentals Report a problem
7/27/2019	Price change	$1,750-10.3%$1/sqft
Source: Isthmus Rentals Report a problem
7/13/2019	Price change	$1,950+11.4%$1/sqft
Source: Isthmus RPM Report a problem
7/6/2019	Price change	$1,750-10.3%$1/sqft
Source: Isthmus Rentals Report a problem
6/5/2019	Listed for rent	$1,950-13.3%$1/sqft
Source: Isthmus RPM Report a problem
4/27/2019	Listing removed	$2,250$1/sqft
Source: Isthmus RPM Report a problem
3/27/2019	Listed for rent	$2,250-13.5%$1/sqft
Source: Isthmus RPM Report a problem
3/28/2018	Sold	$550,000+64.2%$204/sqft
Source: Public Record Report a problem
11/14/2017	Listing removed	$2,600$1/sqft
Source: Owner Report a problem
9/10/2017	Listed for rent	$2,600$1/sqft
Source: Owner Report a problem
6/21/2012	Sold	$335,000+28.8%$124/sqft
Source: Public Record Report a problem
1/8/2008	Sold	$260,000$96/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
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

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