Date
Details
Price
Change
Source
5/19/2026
Listed
$1,670,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 120-122 N Franklin St
General
- Price: $1,670,000
- Taxes: $11,712 (2024)
- Status: Active
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2023684
- Updated: 5/20/2026
- Added to Site: 2 day(s) ago
Location
- Municipality: Madison
- County: Dane
- Driving Directions: .
School Information
- School District: Madison
- Elementary School: Lapham/Marquette
- Middle School: Okeeffe
- High School: East
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Other
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: 3 or More Stories
- Exterior Const.: Vinyl
- Basement Desc.: Full
- Year Built: 1909
Unit Information
- Units in Building: 3
Unit 1
- Square Feet: 1522
- Bedrooms: 4
Unit 2
- Square Feet: 1522
- Bedrooms: 4
- Primary Bedroom: Main Level, 13 x 14
- Bedroom 2: Main Level, 12 x 10
- Bedroom 3: Main Level, 10 x 9
- Living Room: Main Level, 14 x 15,
- Kitchen: Main Level, 11 x 10,
Unit 3
- Bedrooms: 6
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: DR1
Financial Considerations
- Tax Amount: $11,712
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Seller and tenant personal property
- Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
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Price & Sales History for 120-122 N Franklin St
Tax History
Tax History for 120-122 N Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,459
15%
$726,300
9%
2024
$11,712
—
$666,300
7%
2022
$11,666
-3%
$622,700
5%
2021
$12,057
10%
$593,000
5%
2021
$10,955
—
$564,800
15%
2020
$10,955
5%
$491,100
5%
2019
$10,471
—
$467,700
—
2018
$10,455
-3%
$467,700
—
2017
$10,832
2%
$467,700
5%
2016
$10,597
4%
$445,400
5%
2015
$10,193
4%
$424,200
5%
2014
$9,787
-6%
$404,000
-5%
2013
$10,449
—
$423,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120-122 N Franklin St
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- Single Family
- Active
- Updated 17 hours ago
- 4Beds
- 3Total Baths
- 2,215Sq. Ft.
- Single Family
- Active
- Updated 8 hours ago
- 3Beds
- 3Total Baths
- 1,880Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 3,976Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,320Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,874Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,520Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 3,357Sq. Ft.
- Single Family
- Active
- Updated 23 hours ago
- 4Beds
- 4Total Baths
- 3,921Sq. Ft.
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- Condo
- Closed
- Updated 1 day ago
- 3Beds
- 4Total Baths
- 4,252Sq. Ft.
120-122 N Franklin Street, Madison, WI 53703 (MLS# 2023684) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 120-122 N Franklin Street is currently listed for $1,670,000 and was received on May 19, 2026. Want to learn more about 120-122 N Franklin Street? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.