Prime Investment or Residence: this downtown Madison gem has recently been remodeled top to bottom and is ideal for investment or owner-occupation. Included is one unit with 4-beds, 3 baths and another unit with 2-beds, 2 baths. They are both fully leased through May 31, 2024. Further enhancing the lifestyle of this downtown residence are four parking spots, large balconies and porches, and indoor bike storage. This property has versatile potential; turn key, low maintenance investment, long-term residence, or future development site. Located in a prime area with easy access to cultural, recreational, entertainment, and economic hubs, including Lake Monona, Monona Terrace, and the Capitol and many restaurants.
Sold for $800,000
$800,000
138-140 S Franklin St, Madison, WI 53703
6beds
3,596sqft
Apartment
Built in 1890
-- sqft lot
$942,300 Zestimate®
$222/sqft
$3,380 Estimated rent
Home value
$942,300
$876,000 - $1.03M
$3,380/mo
Zestimate® history
Owner options
List your home for rent
$3,380/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,380/mo
Rent Zestimate®
Refinance and save
$4,369/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,369/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Conrad Gorman,
Berkshire Hathaway HomeServices True Realty
Bought with:
Jordan Bishop, 92673-94
Stark Company, REALTORS
Source: SCWMLS,MLS#: 1966124
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2)
Cooling
- Air Conditioning (Unit 1), Air Conditioning (Unit 2)
Appliances
- Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Dishwasher (Unit 2), Range/Oven (Unit 2), Refrigerator (Unit 2), Washer/Dryer (Unit 2), Water Softener Owned
- Laundry: In Unit (Unit 1), In Unit (Unit 2)
Features
- Internet -Fiber Available, Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2), Private basement
- Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
- Basement: Finished,Full
Interior area
- Total structure area: 3,596
- Total interior livable area: 3,596 sqft
Property
Parking
- Total spaces: 4
- Parking features: Outside
- Details: Outside
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2)
Lot
- Size: 3,920 sqft
- Features: Near Public Transit
Details
- Parcel number: 070913318246
- Zoning: PD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Vinyl Siding
- Foundation: Poured concrete foundatn
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Separate water meters
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 67800
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Listing removed | $3,595$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2025 | Listed for rent | $3,595$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2024 | Sold | $800,000-8%$222/sqft |
Source: SCWMLS #1966124 Report a problem | ||
| 12/6/2023 | Contingent | $870,000$242/sqft |
Source:  WIREX MLS #1966124 Report a problem | ||
| 11/8/2023 | Listed for sale | $870,000$242/sqft |
Source: WIREX MLS #1966124 Report a problem | ||
Public tax history
Tax history is unavailable.
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: 1.9 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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$942,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$942,300
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 138-140 S Franklin St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Madison Topics
