For sale

$650,000

126 N Franklin St, Madison, WI 53703

5beds

1,742sqft

$5,438/mo

Get pre-qualified

Other

Built in 1889

3,484 Square Feet Lot

$615,100 Zestimate^®

$373/sqft

$-- HOA

This home is also for rent. View listing

What's special

Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there

149 days
345
16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,742
Total interior livable area: 1,742 sqft

Video & virtual tour

View virtual tour

Property

Lot

Size: 3,484 Square Feet

Details

Parcel number: 070913321273

Construction

Type & style

Home type: SingleFamily
Property subtype: Other

Condition

Year built: 1889

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $373/sqft
Tax assessed value: $337,986
Annual tax amount: $6,052
Date on market: 5/20/2026
Lease term: Contact For Details

Estimated market value

$615,100

$584,000 - $646,000

$3,906/mo

Price history

Date	Event	Price
9/4/2026	Listed for rent	$4,249$2/sqft
Source: Zillow Rentals Report a problem
5/19/2026	Listed for sale	$650,000+251.4%$373/sqft
Source: WIREX MLS #2023674 Report a problem
11/7/2025	Listing removed	$4,249$2/sqft
Source: Zillow Rentals Report a problem
9/17/2025	Listed for rent	$4,249+6.4%$2/sqft
Source: Zillow Rentals Report a problem
10/1/2024	Listing removed	$3,995$2/sqft
Source: Zillow Rentals Report a problem
9/16/2024	Listed for rent	$3,995+1.1%$2/sqft
Source: Zillow Rentals Report a problem
7/30/2024	Listing removed	--
Source: Zillow Rentals Report a problem
6/18/2024	Listed for rent	$3,950$2/sqft
Source: Zillow Rentals Report a problem
6/10/2024	Listing removed	--
Source: Zillow Rentals Report a problem
4/2/2024	Listed for rent	$3,950+11.3%$2/sqft
Source: Zillow Rentals Report a problem
4/12/2023	Listing removed	--
Source: Zillow Rentals Report a problem
3/22/2023	Listed for rent	$3,550+39.2%$2/sqft
Source: Zillow Rentals Report a problem
2/2/2020	Listing removed	$2,550$1/sqft
Source: Isthmus RPM Report a problem
11/16/2019	Listed for rent	$2,550+4.1%$1/sqft
Source: Zillow Rental Manager Report a problem
4/12/2019	Listing removed	$2,450$1/sqft
Source: Isthmus RPM Report a problem
4/11/2019	Listed for rent	$2,450$1/sqft
Source: Isthmus RPM Report a problem
4/6/2016	Sold	$185,000-11.9%$106/sqft
Source: Public Record Report a problem
2/25/2011	Listing removed	$210,000$121/sqft
Source: ShoreWest Realtors #1585451 Report a problem
8/14/2010	Listed for sale	$210,000+7.7%$121/sqft
Source: ShoreWest Realtors #1585451 Report a problem
8/2/2006	Sold	$195,000$112/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,052 +3.3%	$329,300 +10%
2024	$5,861 +4.9%	$299,400 +8%
2023	$5,585	$277,200 +6%
2022	--	$261,500 +15%
2021	--	$227,400 +3%
2020	--	$220,800
2019	$4,066	$220,800 +20%
2018	$4,066 -3.5%	$184,000
2017	$4,214 -14.5%	$184,000
2016	$4,927 -0.1%	$184,000 -11%
2014	$4,930 +11.5%	$206,700 +6%
2013	$4,423 -4.7%	$195,000
2012	$4,643 +5.1%	$195,000
2011	$4,416 +3.6%	$195,000
2010	$4,262 +8.2%	$195,000
2009	$3,939 +4.8%	$195,000
2008	$3,758 -1.9%	$195,000
2007	$3,831 +1.5%	$195,000 +1.8%
2006	$3,775 +4.3%	$191,600 +10%
2005	$3,621 +2.7%	$174,200 +10%
2004	$3,524 +5.6%	$158,400
2003	$3,338 +5.2%	$158,400 +17.2%
2002	$3,172 +9.7%	$135,200 +15%
2001	$2,891 +6.9%	$117,600 +10%
2000	$2,705	$106,900