120-122 N Franklin Street, Madison, WI 53703
120-122 N Franklin Street, Madison, WI 53703
120-122 N Franklin Street, Madison, WI 53703
120-122 N Franklin Street, Madison, WI 53703
120-122 N Franklin Street, Madison, WI 53703
120-122 N Franklin Street, Madison, WI 53703
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kelly Byers

Kelly Byers

+1(608) 345-0967
Listed by EXIT Realty HGM
$ 1,670,000
Est. payment | /mo

14 Beds

7 Baths

5,544 SqFt

Save
$ 1,670,000
Est. payment | /mo
Save

14 Beds

7 Baths

5,544 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 story

Listing Status Active

Purchase Type For Sale

Square Footage 5,544 sqft

Price per Sqft $301

MLS Listing ID 2023684

Bedrooms 14

Full Baths 7

Year Built 1909

Annual Tax Amount $11,712

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type 3 story

Property Description

120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madison's most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long-term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120-126 N Franklin st portfolio. A rare side-by-side 27 bedroom opportunity with significant development potential.

Location

State WI

County Dane

Area Madison - C E01

Zoning DR1

Direction .

Rooms

Basement Full, Unfinished

Interior

Heating Other

Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings

Heat Source Natural Gas

Exterior

Parking Features Shared

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

Nearby Locations

Kelly Byers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(608) 345-0967

kelly@everlyjanegroup.com

7718 Greenwood Road, Verona, Wisconsin, 53593, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kelly Byers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

120-122 N Franklin Street