Turnkey Investment Property Near
For Sale
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120-126 N Franklin Street, Madison, WI 53703
Six-unit, 27-bedroom investment property near James Madison Park.
Property SizeContact for details
Days on Market98
Property Features for 120-126 N Franklin Street
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
DR1
Building Details
Year Built
1909
Units
6
Listing Agency:
EXIT Realty HGM
(608) 395-7600
Listed By:
Imani Jones · License #9532694
Source:
Crexi
Added: May 18
Changed: Aug 11
Last Checked: Aug 22 at 5:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Realty HGM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 $3,043,000.
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.
