Six-Unit Apartment
For Sale
$2,900,000
120-126 N Franklin Street, Madison, WI 53703
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.23 Acres
Days on Market76
Property Features for 120-126 N Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DR1
Appliances
6
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
APN
0709-133-2125-7
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33941
Building Details
Year built
1909
Floors in Building
3
Number of units
6
Listing Agency:
EXIT Realty HGM
(608) 563-2272
Listed By:
Imani Jones · License #9532694
(608) 395-7600
Added: Jul 15
Changed: Sep 23
Last Checked: Sep 28 at 9:06AM
MLS# 2023686
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 apartment property at 120-126 N. Franklin Street comprises six units and 27 bedrooms in a side-by-side configuration. The 1909-built asset includes 12 off-street parking stalls, established residential layouts, and a 0.225-acre site. Zoning is DR1.
The property is in Madison near James Madison Park, placing the portfolio within an established rental area. Its address, unit count, bedroom inventory, parking supply, and existing configuration provide a defined operating profile for multifamily ownership.
The property is in Madison near James Madison Park, placing the portfolio within an established rental area. Its address, unit count, bedroom inventory, parking supply, and existing configuration provide a defined operating profile for multifamily ownership.
Key Highlights
- 6‑unit, 27‑bedroom side‑by‑side apartment property
- 12 off‑street parking stalls
- 0.225‑acre site zoned DR1
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Side-by-side residential configuration with off-street parking and established unit layouts 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 $2,900,000.
What are key features of this property?
This property features: 6‑unit, 27‑bedroom side‑by‑side apartment property; 12 off‑street parking stalls; 0.225‑acre site zoned DR1
