Two-Flat Residential Income Property

124 N Franklin Street, Madison, WI 53703

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For Sale

$900,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

HighLights

Two‑flat property built in 1882 with a basement
Currently generates over $7,100/month with potential to push rents beyond $8,200/month
Newer boiler installed
Off‑street parking
Part of the 120‑126 N Franklin st Portfolio
Side‑by‑side 27‑bedroom opportunity included with the portfolio

We can help!

Listing Contact

Imani Jones

Learn more

For Sale

$900,000

MULTI_FAMILY - Madison, WI

Lot size:

0.08 Acres

Added:: May 20, 2026
Days on Market:: 22
Last Refresh:: Jun 10 at 9:06 am

Property Features for 124 N Franklin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: DR1
Bedrooms: 8
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 2
Appliances: 2
Standard status: Active
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

We can help!

Listing Contact

Imani Jones

Listing agent Imani Jones License #9532694

Listing office EXIT Realty HGM 345 W Washington Ave, McFarland, WI

Listing date May 20, 2026

MLS# 2023681 Listing URL

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.

HighLights

Two‑flat property built in 1882 with a basement
Currently generates over $7,100/month with potential to push rents beyond $8,200/month
Newer boiler installed
Off‑street parking
Part of the 120‑126 N Franklin st Portfolio
Side‑by‑side 27‑bedroom opportunity included with the portfolio

Overview

This two-flat residential income property offers oversized, well-maintained units arranged as an up-and-down layout. The building features classic charm, off-street parking, and a newer boiler already installed, supporting continued reliability for day-to-day operations. With eight bedrooms across the property, it is currently generating over $7,100 per month, with stated potential to push rents beyond $8,200 per month.

Located in Madison, the property is positioned right next to James Madison Park, an area that typically supports consistent rental demand. The offering is also part of the larger 120-126 N Franklin Street portfolio, providing investors with an opportunity to evaluate this asset in the context of additional related holdings.

For investors seeking a duplex-style property with room to increase income, this setup may fit well as a hold-and-improve opportunity. The oversized unit configuration, existing maintenance focus, and onsite parking can be attractive to tenants and help support steady occupancy, while the seller’s outlined rent growth potential aligns with buyers looking for both cash flow today and upside over time.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.381641
Latitude: 43.079188

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For sale
Duplexes
WI
Madison
53703
124 N Franklin Street

What type of property is this?

Duplex - Spacious side-by-side two-flat with off-street parking and strong current income potential for long-term investors.

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: Two‑flat property built in 1882 with a basement; Currently generates over $7,100/month with potential to push rents beyond $8,200/month; Newer boiler installed

124 N Franklin Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property Features for 124 N Franklin Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Modern Flex Industrial Building

6626 Watts Rd, Madison, WI

Turnkey Supper Club Restaurant Building

Turn-Key Restaurant with Finished Basement

Historic Office Building in Madison

Multi-Use Restaurant and Retail Building

Nearly New Mixed-Use Building

Side-by-Side Two-Story Duplex

Two-Flat Residential Income Property

Duplex Property with Private Decks

7-Unit Multifamily Apartment Building

Corner Lot Duplex with Two Garages

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