126 N Franklin St, Madison, WI 53703
- $650,000
- 5
- BD
- 2
- BA
- 1,742
- SqFt
Courtesy of Imani Jones with EXIT Realty HGM.
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- 2023674
- Bedrooms
- 5
- Full-baths
- 2
- Sq. Ft
- 1,742
- Acres
- 0.08
- Year Built
- 1889
Property Description
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.
Additional Information
- Architecture
- Cape Cod
- Style
- Cape Cod
- Garage Description
- None
- School District
- Madison
- Elementary School
- Lapham/Marquette
- Middle School
- OKeeffe
- High School
- East
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