Date
Details
Price
Change
Source
5/19/2026
Listed
$3,200,000
—
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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$3,200,000 Just Listed
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Property Description
Rare opportunity to own the 120?126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027?2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison?s most competitive rental markets. Opportunities to acquire a congruent, turnkey 27-bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long-term appreciation, cash flow, and development upside make this a portfolio standout.
Full Property Details
Full Property Details for 120-126 N Franklin St
General
- Price: $3,200,000
- Taxes: $33,941 (2025)
- Status: Active
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2023686
- Updated: 5/20/2026
- Added to Site: 7 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, 2 Flat Up and Down, 1.5 Stories
- Exterior Const.: Vinyl, Wood
- Basement Desc.: Full
- Year Built: 1909
Unit Information
- Units in Building: 6
Unit 1
- Square Feet: 1522
- Bedrooms: 4
Unit 2
- Square Feet: 1522
- Bedrooms: 4
- Primary Bedroom: Main Level, 12 x 13
- Bedroom 2: Main Level, 14 x 8
- Bedroom 3: Main Level, 10 x 9
- Living Room: Main Level, 14 x 14,
- Kitchen: Main Level, 10 x 10,
Unit 3
- Bedrooms: 6
Unit 4
- Bedrooms: 3
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: DR1
Financial Considerations
- Tax Amount: $33,941
- Tax Year: 2025
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 120-126 N Franklin St
Tax History
Tax History for 120-126 N Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,052
16%
$329,300
10%
2024
$5,217
2%
$299,400
8%
2022
$5,097
6%
$277,200
6%
2021
$4,803
-2%
$261,500
15%
2021
$4,882
—
$227,400
3%
2020
$4,882
—
$220,800
—
2019
$4,902
21%
$220,800
20%
2018
$4,066
-4%
$184,000
—
2017
$4,214
-3%
$184,000
—
2016
$4,331
-13%
$184,000
-11%
2015
$4,967
-1%
$206,700
—
2014
$5,008
2%
$206,700
6%
2013
$4,889
—
$195,000
—
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 120-126 N Franklin St
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 3,100Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 2,588Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 4Beds
- 4Total Baths
- 2,812Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
- 1,520Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 2Total Baths
- 2,050Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 4,179Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 3,921Sq. Ft.
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120-126 N Franklin Street, Madison, WI 53703 (MLS# 2023686) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 120-126 N Franklin Street is currently listed for $3,200,000 and was received on May 19, 2026. Want to learn more about 120-126 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.