High-Performing 3-Flat Investment
120-122 N Franklin Street, Madison, WI 53703
New
- Added:
- May 19, 2026
- Days on Market:
- 2
- Last Refresh:
- May 20 at 12:06 am
Property Features for 120-122 N Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- DR1
- Bedrooms
- 14
- Rooms
- Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 6
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer
- 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
- Architectural style
- Other
Listing agent Imani Jones (608) 395-7600
Listing office EXIT Realty HGM 345 W Washington Ave, McFarland, WI (608) 563-2272
Listing date May 19, 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
- High‑performing 3‑flat investment property generating over $13,500/month in income with potential to exceed $14,500/month.
- Located in a desirable rental location steps from James Madison Park.
- Features 14 bedrooms across oversized units, making it exceptionally easy to rent.
- Includes available parking and outdoor porches.
- Well‑maintained property with a newer boiler installation.
- Offered as part of a portfolio with significant development potential (120~126 N Franklin st portfolio, 27 bedrooms).
Overview
The property at 120-122 N Franklin St in Madison, WI, presents a rare opportunity to own a high-performing 3-flat investment property. This multifamily property features a total of 14 bedrooms and is situated in one of Madison’s most desirable rental locations, near James Madison Park. Currently, the property generates over $13,500 per month in income, with the potential to exceed $14,500 per month, offering immediate cash flow and strong upside potential. Tenants benefit from oversized units, available parking, outdoor porches, and classic charm, making these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation. The lot size is 0.08 acres. The property is zoned DR1. Large unit sizes, a premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin St portfolio, which represents a rare side-by-side 27-bedroom opportunity with significant development potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.381596
- Latitude
- 43.079082
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Rare 14-bedroom investment property in a desirable Madison location.
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: High‑performing 3‑flat investment property generating over $13,500/month in income with potential to exceed $14,500/month.; Located in a desirable rental location steps from James Madison Park.; Features **14 bedrooms** across oversized units, making it exceptionally easy to rent.
