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138-140 S Franklin Street, Madison, WI 53703
$800,000
138-140 S Franklin Street, Madison, WI 53703View this property at 138-140 S Franklin Street, Madison, WI 53703
138-140 S Franklin StreetMadisonWI53703
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Property Description
Prime Investment or Residence: this downtown Madison gem has recently been remodeled top to bottom and is ideal for investment or owner-occupation. Included is one unit with 4-beds, 3 baths and another unit with 2-beds, 2 baths. They are both fully leased through May 31, 2024. Further enhancing the lifestyle of this downtown residence are four parking spots, large balconies and porches, and indoor bike storage. This property has versatile potential; turn key, low maintenance investment, long-term residence, or future development site. Located in a prime area with easy access to cultural, recreational, entertainment, and economic hubs, including Lake Monona, Monona Terrace, and the Capitol and many restaurants.
Full Property Details
Full Property Details for 138-140 S Franklin St
General
- Sold For: $800,000
- Taxes: $12,744 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1966124
- Added to Site: 172 day(s) ago
Interior
- Interior Features: Water Softener, High-Speed Internet
Parking
- Parking Features: Outside
Location
- Municipality: Madison
- County: Dane
- Driving Directions: North on John Nolen Dr Left on E Wilson Right on S Franklin St
School Information
- School District: Madison
- Elementary School: Lapham/Marquette
- Middle School: Okeeffe
- High School: East
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: High Speed Internet Available, Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Structural Information
- Description/Design: 2 Stories, 2 Flat Up and Down
- Exterior Const.: Vinyl
- Basement Desc.: Full, Finished, Poured Concrete
- Year Built: 1890
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 2264
- Bedrooms: 4
Unit 2
- Square Feet: 1332
- Bedrooms: 2
- Primary Bedroom: Upper Level, 15 x 10
- Bedroom 2: Upper Level, 16 x 10
- Living Room: Upper Level, 15 x 25,
- Kitchen: Upper Level, 8 x 16,
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: PD
Financial Considerations
- Tax Amount: $12,744
- Tax Year: 2022
Disclosures and Reports
- Exclusions: Tenants' personal property. Seller's personal property.
- Inclusions: Tenant leases, two of each: water heaters, furnace/HVAC, refrigerators, ranges, dishwashers, microwaves, garbage disposals, washers, dryers.
Listed by Berkshire Hathaway HomeServices True Realty
Sold by Stark Company, REALTORS
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Schools
Schools serving 138-140 S Franklin St
Rating | Name | Grades | Distance |
---|---|---|---|
Lapham Elementary School
1045 E Dayton St, Madison, WI 53703 | PK-2 | 0.7 mi | |
1045 E Dayton St, Madison, WI 53703 | PK-2 | 0.7 mi | |
1501 Jenifer St, Madison, WI 53703 | 3-5 | 1.2 mi | |
510 S Thornton Ave, Madison, WI 53703 | 6-8 | 1.2 mi | |
1717 Fish Hatchery Rd, Madison, WI 53713 | 6-8 | 2.2 mi | |
501 E Badger Rd, Madison, WI 53713 | 6-8 | 2.7 mi | |
2222 E Washington Ave, Madison, WI 53704 | 9-12 | 1.9 mi | |
30 Ash St, Madison, WI 53726 | 9-12 | 2.5 mi | |
1601 N Sherman Ave, Madison, WI 53704 | 9-12 | 3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 138-140 S Franklin St
Date
Details
Price
Change
Source
3/18/2024
Sold
$800,000
-8.05%
MLS
11/08/2023
Listed
$870,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
138-140 S Franklin Street, Madison, WI 53703 (MLS# 1966124) is a Multi-Family property that was sold at $800,000 on March 18, 2024. Want to learn more about 138-140 S 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.