126 N Franklin Street, Madison, WI 53703 (MLS # 2023674)

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Listed with EXIT Realty HGM

PRICE $650,000 dsIDX morgage calculator
BEDS 5
BATHS 2
HOME SIZE 1,742 sqft
LOT SIZE 3,485 sqft
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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 nearly 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.

LAST UPDATED 5/19/2026 YEAR BUILT 1889
COUNTY Dane STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
School District Madison
Elementary School Lapham/Marquette
Jr. High School OKeeffe
High School East


ADDITIONAL DETAILS
BASEMENT Full, Yes
LOT 3485 sq ft
MLS STATUS Active
STYLE Cape Cod
TAXES 6144
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TOTAL MONTHLY PAYMENT

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Listed with EXIT Realty HGM

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