Date
Details
Price
Change
Source
5/19/2026
Listed
$900,000
—
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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1/23
$900,000 Just Listed
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1/23
Property Description
Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.
Full Property Details
Full Property Details for 124 N Franklin St
General
- Price: $900,000
- Taxes: $14,248 (2025)
- Status: Active
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2023681
- Updated: 5/20/2026
- Added to Site: 3 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: 2 Flat Up and Down
- Exterior Const.: Vinyl
- Basement Desc.: Full
- Year Built: 1882
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 1110
- Bedrooms: 3
Unit 2
- Square Feet: 1587
- Bedrooms: 5
- Primary Bedroom: Main Level, 12 x 13
- Bedroom 2: Main Level, 12 x 13
- Bedroom 3: Main Level, 12 x 13
- Kitchen: Main Level, 12 x 15,
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: DR1
Financial Considerations
- Tax Amount: $14,248
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Seller and Tenant Personal Property
- Inclusions: All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Listed by EXIT Realty HGM
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Schools
Schools serving 124 N Franklin St
School District:Madison Metropolitan School District
| Name | Grades | Distance |
|---|---|---|
Lapham Elementary School 1045 East Dayton Street, Madison, WI 53703 | PK-2 | 0.7 mi |
Marquette Elementary School, Madison, WI 1501 Jenifer Street, Madison, WI 53703 | 3-5 | 1.3 mi |
O'keeffe Middle School 510 South Thornton Avenue, Madison, WI 53703 | 6-8 | 1.3 mi |
East High School, Madison, WI 2222 East Washington Avenue, Madison, WI 53704 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 N Franklin St
Tax History
Tax History for 124 N Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,319
—
$700,600
7%
2022
$12,274
-3%
$654,800
5%
2021
$12,684
3%
$623,700
5%
2021
$12,278
—
$594,000
8%
2020
$12,278
—
$550,000
—
2019
$12,327
44%
$550,000
43%
2018
$8,572
-3%
$384,100
—
2017
$8,882
2%
$384,100
5%
2016
$8,689
-1%
$365,800
—
2015
$8,779
4%
$365,800
5%
2014
$8,440
2%
$348,400
4%
2013
$8,258
—
$335,000
—
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 124 N Franklin St
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- Condo
- Active
- Updated 8 hours ago
- 2Beds
- 3Total Baths
- 1,707Sq. Ft.
Listed by Dana Hecker (920) 210-3000
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 2,588Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,841Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,814Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 3,357Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,874Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 3,921Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,520Sq. Ft.
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- Condo
- Closed
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 1,753Sq. Ft.
- Condo
- Closed
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,819Sq. Ft.
124 N Franklin Street, Madison, WI 53703 (MLS# 2023681) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 124 N Franklin Street is currently listed for $900,000 and was received on May 19, 2026. Want to learn more about 124 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.