101 Franklin St Madison, WI 53703
This exceptional investment opportunity presents a fully occupied, two-story student housing property in the heart of Madison, Wisconsin. Located at 101 N Franklin St, this property boasts a prime location just five blocks from the State Capitol, offering unparalleled convenience and high demand for student renters. The 985 square foot building features three bedrooms and one full bathroom, along with a kitchen, living room, and basement. Currently leased at $1,750 per month until August 14, 2025, with tenants responsible for all utilities, this property provides immediate cash flow. Four on-site parking stalls, each leased at $125 per month, generate additional income. The property sits on a 2,552 square foot lot and is zoned PD. This turnkey investment is ideal for those seeking a stable, high-yield asset in a thriving college town. The 100% occupancy rate and long-term lease demonstrate the strong rental demand and potential for continued growth. The asking price is $325,000. This is a rare opportunity to acquire a well-maintained, high-performing student housing property in a highly desirable location. Don't miss out on this chance to secure a profitable investment in Madison's vibrant rental market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.