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Duplex with Off-Street Parking
For Sale
Under Contract
$900,000

124 N Franklin Street, Madison, WI 53703

Multi Family, Madison, WI

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

Property Features for 124 N Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning DR1
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4
Appliances 2
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 0709-133-2126-5
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14248

Building Details

Year built 1882
Number of units 2
Listing Agency: EXIT Realty HGM
Listed By: Imani Jones · License #9532694
Added: Jul 15 Changed: Oct 14 Last Checked: Oct 14 at 12:06PM
MLS# 2023681

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 Madison duplex contains two units with a combined eight bedrooms and three bathrooms. The property includes off-street parking and a newer boiler, and was built in 1882. It sits on a 0.08-acre lot and is zoned DR1.

The property is next to James Madison Park in Madison, Wisconsin.

Key Highlights

  • Eight bedrooms and three bathrooms across two units
  • Off‑street parking
  • Newer boiler installed

Property Analytics

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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
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?
Duplex - Eight bedrooms across two oversized units provide a substantial residential layout.
Where is this duplex located?
The property is located at 124 N Franklin Street 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: Eight bedrooms and three bathrooms across two units; Off‑street parking; Newer boiler installed
More about this property
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