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124 N Franklin Street Madison, WI $ 900,000
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124 N Franklin Street
$ 900,000
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124 N Franklin Street

Madison, WI, 53703
$ 900,000
Bedrooms8 Baths3.0 Sq 2,697

Monthly Estimate*

$ 5,541

Listed by EXIT Realty HGM
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Multi-Family Home for sale in Madison, WI

for $900,000 with 8 bedrooms and 3 full baths. This 2,697 square foot home was built in 1882 on a lot size of 0.08.

Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.

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Multi-Family Active

Price

$ 900,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 14,248

Style

Lot Size

0.08

Year Built

1882

Town/City

Madison

County/Region

Dane

MLS | Web ID

2023681
Features
Interior
Heating Type Other
Basement Full Unfinished
Total Number of Units 2
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General
Heating Natural Gas
Zoning DR1
School District Madison
County Dane
Class Multi Family
Tax Year 2025
Status Active
Status Detail 0
Year Built 1882
Directions .
High School East
City Madison
Elementary School Lapham/Marquette
Middle School OKeeffe
DOM 2
County Qtr Section East Metro Madison
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Exterior
Exterior Vinyl
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* Excluded Features
List By
Exit Realty Hgm

Broker

(608) 395-7600

Phone

imani@exithgm.com

Email

Affordability Calculator

$6,729
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$1,187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1832984 Elementary School
1832689 Middle School
East High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/19/2026$900,000 Listed Price

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124 N Franklin Street, Madison, WI, 53703 is a Multi-Family Home for sale at $900,000 with 2,697 sqft and a lot size of 0.08. 124 N Franklin Street has 8 bedrooms, 3.0 baths, and was built in 1882. The property's zip code is 53703 which is in Madison, WI

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