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$ 1,670,000
Est. payment | /mo
3,484 Sqft Lot
$ 1,670,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2023684
Year Built 1909
Annual Tax Amount $11,712
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Description
120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madison?s most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long-term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin st portfolio. A rare side-by-side 27 bedroom opportunity with significant development potential.
Location
State WI
County Dane
Zoning DR1
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Other
Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Exterior
Exterior Feature Vinyl
Building
Dwelling Type 3+ Story
Story 3 - 4
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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Listed by EXIT Realty HGM
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