120-126 N Franklin Street, Madison, WI 53703

Building Details

Year built

1909

Floors in Building

3

Number of units

6

Listing agent Imani Jones License #9532694 Show Phone

Listing office EXIT Realty HGM s***@propertyrevival.net 345 W Washington Ave, McFarland, WI Show Phone

Listing date May 20, 2026

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MLS# 2023686 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.

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Overview

Offered for sale as the 120–126 N Franklin Street portfolio, this side-by-side multifamily property comprises 6 units with 27 bedrooms total. The asset is described as exceptionally well-maintained and features attractive unit layouts designed for residential income use. Zoning is DR1, and the property includes 12 off-street parking stalls.

The portfolio is located in Madison, WI 53703-2310 near James Madison Park, providing an owner with a compact, contiguous holdings setup across the 120–126 N Franklin Street addresses.

From an operator standpoint, this is a turnkey portfolio opportunity at 120–126 N Franklin Street that is currently reported to generate $315,254 in annual income, with pro forma projections of approximately $345,410 for the 2027–2028 lease term. For prospective buyers and investors seeking a congruent, sized portfolio in place, the combination of 6 units, established configuration, and on-site parking supports day-to-day leasing and tenant transition planning under a single ownership.

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Home Appliance Store Electrical Service Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Madison

County

Dane

State

Wisconsin

Longitude

-89.381596

Latitude

43.079082

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FAQs

What type of property is this?

Apartment building - Side-by-side 6-unit portfolio with 27 bedrooms and 12 off-street parking stalls in Madison.

Where is this apartment building located?

The property is located at 120-126 N Franklin Street Madison, WI.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: 6‑unit, 27‑bedroom side‑by‑side investment property at 120‑126 N. Franklin St; 12 off‑street parking stalls; Annual income currently reported at $315,254