Date
Details
Price
Change
Source
5/19/2026
Listed
$650,000
—
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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1/13
$650,000 Just Listed
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1/13
Property Description
Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there?s immediate upside for the next owner. The property has been well maintained with mostly vinyl windows, 2 parking spaces plus a moped spot, and very little yard maintenance. Tenants cover all expenses, making this an attractive low-maintenance investment opportunity with strong returns. Also available as part of the 120?126 N Franklin portfolio, offering a rare opportunity to acquire a side-by-side 27-bedroom investment property with significant long-term upside and future redevelopment potential.
Full Property Details
Full Property Details for 126 N Franklin St
General
- Price: $650,000
- Taxes: $6,144 (2025)
- Status: Active
- Type: Single Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2023674
- Updated: 5/20/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Window Air Conditioning
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom: No Master Bedroom Bath
Bedrooms
- Total Bedrooms: 5
- Primary Bedroom: 13 x 10, Main
- Bedroom 2: 12 x 13, Upper
- Bedroom 3: 13 x 11, Main
- Bedroom 4: 13 x 10, Upper
- Bedroom 5: 7 x 15, Upper
Other Rooms
- Living Room: 11 x 13, Main
- Kitchen: 13 x 11, Main
- Other: 13 x 10, Upper
Parking
- Garage Description: None
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
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Architectural Style: Cape Cod
- Description/Design: 1.5 Stories
- Exterior Const.: Wood
- Basement Desc.: Full
- Square Feet: 1,742
- Square Feet Range: 1501 to 1750
- Sq. Ft. Source: Assessor/Public Record
- Year Built: 1889
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: DR1
Financial Considerations
- Tax Amount: $6,144
- 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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— 126 N Franklin St —
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Schools
Schools serving 126 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 126 N Franklin St
Tax History
Tax History for 126 N Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
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 126 N Franklin St
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- Single Family
- Active
- Updated 11 days ago
- 5Beds
- 3Total Baths
- 3,222Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,329Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 6Beds
- 5Total Baths
- 4,797Sq. Ft.
- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 4Total Baths
- 2,027Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 3,976Sq. Ft.
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- Single Family
- Active
- Updated 23 hours ago
- 4Beds
- 4Total Baths
- 3,921Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 3,357Sq. Ft.
- 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.
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- Condo
- Closed
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,689Sq. Ft.
- Condo
- Closed
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,441Sq. Ft.
126 N Franklin Street, Madison, WI 53703 (MLS# 2023674) is a Single Family property with 5 bedrooms and 2 full bathrooms. 126 N Franklin Street is currently listed for $650,000 and was received on May 19, 2026. Want to learn more about 126 N Franklin Street? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.