EXIT Realty HGM
Listed by EXIT Realty HGM
$3,200,000
120-126 N Franklin Street
Details
APN 0709-133-2125-7
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Year Built 1909
Acreage 0.225
Zoning DR1
Parking Spaces 12 spaces
Multifamily | 6 Units
Marketing description
Rare opportunity to own the 120–126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027–2028 lease term. Features include 12 off-street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison’s most competitive rental markets. Opportunities to acquire a congruent, turnkey 27-bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long-term appreciation, cash flow, and development upside make this a portfolio standout.
Listing Contacts
EXIT Realty HGM
Listed by EXIT Realty HGM
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