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Side-by-Side 2-Flat Income Property

124 N Franklin Street, Madison, WI 53703

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For Sale

$900,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

HighLights

2‑flat built in 1882, offering an 8‑bedroom layout
Current rental income is over $7,100 per month with potential to exceed $8,200 per month
Located right next to James Madison Park
Off‑street parking included
Newer boiler installed
Part of the 120‑126 N Franklin St portfolio

We can help!

Contact an agent

Imani Jones

For Sale

$900,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

Added:: Jun 16, 2026
Days on Market:: 23
Last Refresh:: Jul 8 at 4:06 pm

Property Features for 124 N Franklin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: DR1
Bedrooms: 8
Bathrooms: 3
Rooms: Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2
Appliances: 2
Standard status: Active
APN: 0709-133-2126-5
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 14248

Building Details

Year built: 1882
Number of units: 2

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 Jun 16, 2026

MLS# 2023681 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

2‑flat built in 1882, offering an 8‑bedroom layout
Current rental income is over $7,100 per month with potential to exceed $8,200 per month
Located right next to James Madison Park
Off‑street parking included
Newer boiler installed
Part of the 120‑126 N Franklin St portfolio

Overview

This side-by-side 2-flat offers substantial overall size with eight bedrooms total. The property is described as well maintained, with a newer boiler already installed. The layout includes oversized units and off-street parking, designed to support straightforward day-to-day occupancy.

The building is located at 124 N Franklin Street in Madison, Wisconsin 53703. The public remarks note the property sits right next to James Madison Park, and the listing is identified as being in zoning DR1. It is also described as part of the 120-126 N Franklin st Portfolio.

For buyers or operators seeking a residential income property, the current setup is presented as already generating over $7,100 per month, with potential to push rents beyond $8,200 per month. The offering is also presented as having meaningful development potential as part of the broader portfolio context. Off-street parking and a recent boiler upgrade are additional practical considerations for tenant comfort and ongoing operations.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.381641
Latitude: 43.079188

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For sale
Duplexes
WI
Madison
53703
124 N Franklin Street

What type of property is this?

Duplex - Well-maintained two-flat with oversized units, off-street parking, and a newer boiler near a major park.

Where is this duplex located?

The property is located at 124 N Franklin Street Madison, WI.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 2‑flat built in 1882, offering an 8‑bedroom layout; Current rental income is over $7,100 per month with potential to exceed $8,200 per month; Located right next to James Madison Park

124 N Franklin Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property Features for 124 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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