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.
Active
$900,000
124 N Franklin St, Madison, WI 53703
8beds
2,697sqft
Apartment
Built in 1882
-- sqft lot
$847,500 Zestimate®
$334/sqft
$-- HOA
What's special
- --
- on Zillow |
- 208
- views |
- 5
- saves |
Zillow last checked:
Listing updated:
Listed by:
Imani Jones,
EXIT Realty HGM
Source: SCWMLS,MLS#: 2023681
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: 5/19/2026
- 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
$847,500
$805,000 - $890,000
$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 |
Find assessor info on the county website
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
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.7 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1.3 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.8 mi
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.
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A local agent can set up tours, give advice and negotiate with sellers.
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