Listing Office: EXIT Realty HGM
126 N Franklin Street, Madison, WI
$650,000
5
Beds
2
Baths
1,742
Square feet
0.08
Acres
About 126 N Franklin Street
Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there’s immediate upside for the next owner. The property has been well maintained with mostly vinyl windows, 2 parking spaces plus a moped spot, and very little yard maintenance. Tenants cover all expenses, making this an attractive low-maintenance investment opportunity with strong returns. Also available as part of the 120–126 N Franklin portfolio, offering a rare opportunity to acquire a side-by-side 27-bedroom investment property with significant long-term upside and future redevelopment potential.
Features of 126 N Franklin Street
| MLS® # | 2023674 |
|---|---|
| Price | $650,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,742 |
| Acres | 0.08 |
| Year Built | 1889 |
| Type | Single Family |
| Style | Cape Cod |
| Status | Active |
Community Information
| Address | 126 N Franklin Street |
|---|---|
| Area | MADISON - C E01 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53703 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Window AC |
|---|---|
| Cooling | Window AC |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Exterior | Wood |
|---|
School Information
| District | Madison |
|---|---|
| Elementary | Lapham/Marquette |
| Middle | OKeeffe |
| High | East |
Additional Information
| Days on Market | 106 |
|---|---|
| Zoning | DR1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $6,144 |
| Tax Year | 2025 |
| Agent | Imani Jones |
| Office | EXIT Realty HGM |
Listing Details
| Office | EXIT Realty HGM |
|---|