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Triplex with Outdoor Porches
For Sale
Under Contract
$1,670,000

120-122 N Franklin Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.08 Acres
Days on Market92

Property Features for 120-122 N Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning DR1
Bedrooms 14
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 4, Bathroom 7, Bedroom 3, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 10, Bathroom 5, Bedroom 8, Bedroom 12, Bathroom 6, Bathroom 2, Bedroom 5, Bedroom 14, Bedroom 11, Bedroom 9, Bedroom 13, Bedroom 4
Appliances 3
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions .
Subdivision MADISON - C E01
Standard status Active Under Contract
APN 0709-133-2125-7
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 11712

Amenities

parking
outdoor porches

Building Details

Year built 1909
Floors in Building 3
Number of units 3
Listing Agency: EXIT Realty HGM
Listed By: Imani Jones · License #9532694
Added: Jul 15 Changed: Oct 7 Last Checked: Oct 14 at 1:06AM
MLS# 2023684

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.

Investment Insights

Based on property information with market context.

This three-unit residential property contains 14 bedrooms and sits on a 0.08-acre lot. Built in 1909, it has outdoor porches, available parking, and a newer boiler. The property is zoned DR1.

James Madison Park is described as being steps away. The building is also offered within a larger property portfolio.

Key Highlights

  • 14 bedrooms across three units
  • 0.08‑acre lot
  • Built in 1909

Property Analytics

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Current Use

Triplexes

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

4,055
Businesses Nearby

Demographics for 53703, WI

38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartment units offer substantial bedroom capacity, with parking available.
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: 14 bedrooms across three units; 0.08‑acre lot; Built in 1909
More about this property
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