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For sale
Triplexes
WI
Madison
53703
120-122 N Franklin Street

3-Flat Residential Income Property

120-122 N Franklin Street, Madison, WI 53703

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For Sale

$1,670,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

HighLights

3‑flat investment property at 120‑122 N Franklin St (Madison), built in 1909
14 bedrooms total across the units
Currently generating over $13,500/month in income with potential to exceed $14,500/month
Steps from James Madison Park, with available parking and outdoor porches
Well maintained, including a newer boiler installation
Offered as part of the 120‑126 N Franklin St portfolio, with a side‑by‑side 27‑bedroom opportunity

We can help!

Contact an agent

Imani Jones

For Sale

$1,670,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

Added:: May 20, 2026
Days on Market:: 49
Last Refresh:: Jul 7 at 4:06 pm

Property Features for 120-122 N Franklin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: DR1
Bedrooms: 14
Bathrooms: 7
Rooms: Bedroom 10, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 12, Bathroom 7, Bedroom 11, Bedroom 7, Bathroom 5, Bathroom 1, Bedroom 14, Bedroom 3, Bathroom 4, Bedroom 13, Bedroom 1, Bedroom 9, Bathroom 3, Bathroom 2, Bedroom 8
Appliances: 3
Standard status: Active
APN: 0709-133-2125-7
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 11712

Building Details

Year built: 1909
Floors in Building: 3
Number of units: 3

We can help!

Contact an agent

Imani Jones

Listing agent Imani Jones License #9532694

Listing office EXIT Realty HGM 345 W Washington Ave, McFarland, WI

Listing date May 20, 2026

MLS# 2023684 Listing URL

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

3‑flat investment property at 120‑122 N Franklin St (Madison), built in 1909
14 bedrooms total across the units
Currently generating over $13,500/month in income with potential to exceed $14,500/month
Steps from James Madison Park, with available parking and outdoor porches
Well maintained, including a newer boiler installation
Offered as part of the 120‑126 N Franklin St portfolio, with a side‑by‑side 27‑bedroom opportunity

Overview

120-122 N Franklin Street in Madison, WI is a 3-flat residential income property configured with 14 bedrooms across its units. The building includes outdoor porches and available parking, and it has been described as well maintained, including a newer boiler installation.

The property is located near James Madison Park, with the unit and site features designed to support tenant comfort and everyday livability. The listing also notes that 120-122 N Franklin Street is offered as part of a wider 120-126 N Franklin Street portfolio.

For buyers seeking a multifamily investment with existing operating history, this property is presented with current monthly income of over $13,500, with potential to exceed $14,500 based on the listing remarks. The DR1 zoning is noted for the site, and the 3-flat configuration with multiple bedrooms may appeal to tenants looking for larger unit sizes. Interested parties may also consider the portfolio offering, which the listing describes as a side-by-side opportunity totaling 27 bedrooms across the related properties.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

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Location Insight

Map
Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.381596
Latitude: 43.079082

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For sale
Triplexes
WI
Madison
53703
120-122 N Franklin Street

What type of property is this?

Triplex - Well-maintained Madison 3-flat with 14 bedrooms, outdoor porches, and available parking generating income per current financials.

Where is this triplex located?

The property is located at 120-122 N Franklin Street Madison, WI.

What is the asking price?

The asking price for this property is $1,670,000.

What are key features of this property?

This property features: 3‑flat investment property at 120‑122 N Franklin St (Madison), built in 1909; 14 bedrooms total across the units; Currently generating over $13,500/month in income with potential to exceed $14,500/month

120-122 N Franklin Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property Features for 120-122 N Franklin Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Restaurant With Bar Seating

6626 Watts Rd, Madison, WI

Well-Maintained 4-Unit Multifamily

Updated Duplex Investment

Stabilized 7-Unit Multifamily with New Roof

Townhouse-Style Duplex with Two Garages

Townhouse-Style Quadplex

Spacious Duplex with Private Decks

Victorian Five-Unit Apartment Building

Four-Unit Apartment Building

Historic Triplex with Detached Garage

Multifamily Building with Mixed Units

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