Veronica Isham
BEDS0
BATHS
MLS#2023686
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMadison
Listing Courtesy of:
EXIT Realty HGM
Agency Phone: 6085632272
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Lot Size: 0.23 Acres
Taxes: $33,941
Year Built: 1909
Units
Unit 1:
Bedrooms: 4
Full Baths: 2
Square Footage: 1522
Unit 2:
Bedrooms: 4
Full Baths: 2
Square Footage: 1522
Master Bedroom Dimensions: 12x13
Bedroom 2 Dimensions: 14x8
Bedroom 3 Dimensions: 10x9
Living/Great Room Dimensions: 14x14
Kitchen Dimensions: 10x10
Unit 3:
Bedrooms: 6
Unit 4:
Bedrooms: 3
Feature Descriptions
Basement: Full
Building: 3+ Story, 2 Flat Up and Down, 1.5 Story
Data Source: WIREX_SCW
Exterior: Vinyl, Wood
Heating Fuel: Natural Gas
Units: 6
Water/Waste: Municipal Water, Municipal Sewer
Local Schools
High School: East
Middle School: Okeeffe
Elementary School: Lapham/Marquette
School District: Madison
Listed By / Shown By
Listed By
Agency Name: EXIT Realty HGM
Agency Phone: 6085632272
Shown By
Agent Name: Veronica Isham
Agent Phone: (608) 212-0185
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 20,731.01 per month $16,969.26 Principal & Interest $2,828.42 Property Tax $933.33 Homeowner's InsuranceChange Payment Information
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120-126 Franklin Street | MLS# 2023686
This multi-family property located at 120-126 Franklin Street, Madison, WI 53703 is currently listed for sale with an asking price of $3,200,000. 120-126 Franklin Street is located within the Madison school district. Search Madison real estate on visham.starkhomes.com today.