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Eight-Bedroom Duplex with Parking
For Sale
$900,000

124 N Franklin St, Madison, WI 53703

Two-unit property beside James Madison Park with off-street parking and a newer boiler.

Property Size1,587 SF
Price / SF$567.11
Days on Market36

Property Features for 124 N Franklin St

General Information

Standard status Active
Size 1,587 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1882
Buildings 1
Listing Agency: EXIT Realty HGM
Listed By: Imani Jones · License #9532694
Source: Holtrealestateteam
Added: Jul 26 Changed: Aug 29 Last Checked: Aug 29 at 3:55PM

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 two-flat includes 8 bedrooms across two residential units and was built in 1882. The property includes off-street parking and a newer boiler, providing notable physical features for a small multifamily asset. Rental income is already being generated from the apartments.

The building is located next to James Madison Park at 124 N Franklin St in Madison, Wisconsin. It is also identified as part of the 120-126 N Franklin St Portfolio, which includes a combined 27 bedrooms across the referenced properties.

Key Highlights

  • Two‑flat with 8 bedrooms
  • Adjacent to James Madison Park
  • Off‑street parking included

Property Analytics

Current Use

Duplexes

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

2
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

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?
Duplex - Two-unit property beside James Madison Park with off-street parking and a newer boiler.
Where is this duplex located?
The property is located at 124 N Franklin St Madison, WI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑flat with 8 bedrooms; Adjacent to James Madison Park; Off‑street parking included
More about this property
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