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About the Listing 2538 - 44267
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.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
2023684
Year Built
1909
Total Square Footage
2,500
Lot/Acreage
0.08
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water:
Exterior Details
- Lot Description: 609700
- Garage Capacity: N/A
- Zoning: DR1
- Roof:
- Others:
- Sewer:
- Parking Features: 2 Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
120-122 N Franklin St Madison, WI 53703
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