120-122 N Franklin Street, Madison, WI 53703
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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
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Judy Acker Maly

Judy Acker Maly

+1(608) 212-2000
Listed by EXIT Realty HGM
$ 1,670,000
Est. payment /mo
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120-122 N Franklin Street Madison, WI 53703

14 Beds

7 Baths

5,544 SqFt

UPDATED:

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 SCHOOLS & PROPERTIES

Judy Acker Maly

Judy Acker Maly

Broker | License ID: 50866-90

+1(608) 212-2000

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120-122 N Franklin Street