Jim Mainguth
BEDS0
BATHS
MLS#2023684
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMadison
Listing Courtesy of:
EXIT Realty HGM
Agency Phone: 608-563-2272
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Fuel Type: Natural Gas
Home Style: 3 story
Taxes: $11,712
Year Built: 1909
Units
Unit 1:
Bedrooms: 4
Full Baths: 2
Parking Description: 2 Space
Square Feet: 1522
Unit 2:
Bedrooms: 4
Full Baths: 2
Parking Description: 2 Space
Square Feet: 1522
Unit 3:
Bedrooms: 6
Full Baths: 3
Parking Description: 2 Space
Square Feet: 2500
Amenities
Vinyl
Feature Descriptions
Exterior: Vinyl
Units: 3
Water/Waste: Municipal water, Municipal sewer
Local Schools
High School: East
Middle School: OKeeffe
Elementary School: Lapham/Marquette
School District: Madison
Listed By / Shown By
Listed By
Agency Name: EXIT Realty HGM
Agency Phone: 608-563-2272
Shown By
Agent Name: Jim Mainguth
Agent Phone: (608) 516-9289
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 10,318.92 per month $8,855.83 Principal & Interest $976.00 Property Tax $487.08 Homeowner's InsuranceChange Payment Information
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120-122 N Franklin Street | MLS# 2023684
This multi-family property located at 120-122 N Franklin Street, Madison, WI 53703 is currently listed for sale with an asking price of $1,670,000. 120-122 N Franklin Street is located within the Madison school district. Search Madison real estate on jmainguth.starkhomes.com today.