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Kelly Doyle

kelly@kellydoylehomes.com +1(608) 669-1010

Listed by EXIT Realty HGM

$3,200,000

Est. payment - /mo

17 Beds

8 Baths

6,654 SqFt

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Key Details

Property Type Multi-Family

Sub Type 3 story,2 flat-up and down,1 1/2 story

Listing Status Active

Purchase Type For Sale

Square Footage 6,654 sqft

Price per Sqft $480

MLS Listing ID 2023686

Bedrooms 17

Full Baths 8

Year Built 1909

Annual Tax Amount $33,941

Tax Year 2025

Lot Size 9,801 Sqft

Acres 0.225

Property Sub-Type 3 story,2 flat-up and down,1 1/2 story

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.

Location

State WI

County Dane

Area Madison - C E01

Zoning DR1

Direction .

Rooms

Basement Full

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,Wood

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

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Kelly Doyle

+1(608) 669-1010

Realtor

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120-126 N Franklin Street Madison, WI 53703-2310

Kelly Doyle

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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120-126 N Franklin Street