120-126 N Franklin Street Madison, WI 53703

Building Details

Year Built

1909

Listing office EXIT Realty HGM

Listing date May 18, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This is a rare opportunity to own the 120–126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027–2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison’s most competitive rental markets. Opportunities to acquire a congruent, turnkey 27-bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long-term appreciation, cash flow, and development upside make this a portfolio standout.

Key Highlights

• Strong in‑place income of $315,254 annually with pro forma projections of approximately $345,410 for the 2027–2028 lease term.
• Premier rental location near James Madison Park.
• Turnkey, 6‑unit, 27‑bedroom side‑by‑side investment property.

Property Analytics

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FAQs

What type of property is this?

Apartment building - Six-unit, 27-bedroom investment property near James Madison Park.

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: Strong in‑place income of $315,254 annually with pro forma projections of approximately $345,410 for the 2027–2028 lease term.; Premier rental location near James Madison Park.; Turnkey, 6‑unit, 27‑bedroom side‑by‑side investment property.