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14 Beds
7 Baths

$1,670,000

120-122 N Franklin Street, Madison WI, 53703

Built in1909
Property typeMulti-family
Listed by EXIT Realty HGM

Overview

Active

Listed May 18, 2026

Updated Aug 8

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.

$11,111/mo

Est. mortgage payment based on a $1,670,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2023684

Interior Features

Bedrooms
14
Bathrooms
7
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$11,712
Tax Frequency
Annually

Listed by Imani Jones with EXIT Realty HGM ]]

Based on information from South Central Wisconsin Multiple Listing Service Corporation as of 8/8/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 3:53 AM UTC, 8/8/2026

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