LKV Realty
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No listing photo
$900,000
$5,000Reward *
124 N Franklin Street, Madison, WI 53703Listing ID 2023681

124 N Franklin Street, Madison, WI 53703

Active
E01
Time on site: 90 days • Last updated: Aug 7, 2026
Property Type
Property Type
Multi Family
Property Sub Type
Property Sub Type
-
Acres
Acres
0.08
Days on Site
Days on Site
89
Heating
Heating
, Natural Gas
Year Built
Year Built
1882
Parking
Parking

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.

Property Information

Property Details

Location

Address
124 N Franklin Street
County
Dane
City
Madison
Zip Code
53703
Subdivision
E01
School District
Madison
High School
East
Elementary School
Lapham/Marquette
MLS Area
E01

Interior Features

Heating and Cooling

Heating
, Natural Gas

Building

Building Information

Year Built
1882
Construction
Vinyl Siding

Property Taxes

Tax Annual Amount
$14,248
Tax Year
2025
EXIT Realty HGM, (608) 563-2272

Market Report for 53703

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: South Central WI MLS
South Central WI MLS logo

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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