# 124 N Franklin Street, Madison, WI 53703

> **TL;DR:** 8bd/0ba residential multi family, $900,000, built 1882.
> Basement. Est. $3,900/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $900,000 |
| Bedrooms | 8 |
| Year Built | 1882 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,900 |
| **Total** | **$3,900** |

## Nearby Schools

- **Elementary:** Lapham/Marquette
- **Middle:** OKeeffe
- **High:** East

## Key Amenities

- Basement

## Property Highlights

- Built in 1882
- 0.08 acre lot
- 2 stories
- 4 parking spaces

## Description

### Agent Description
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..

## Location

- **Address:** 124 N Franklin Street, Madison, WI 53703
- **County:** Dane
- **Coordinates:** 43.079188, -89.381641
- **Google Maps:** https://www.google.com/maps?q=43.079188,-89.381641

## Listing Agent

- **Name:** Imani Jones
- **Brokerage:** EXIT Realty HGM
- **Phone:** 6083957600
- **Email:** imani@exithgm.com

## Primary Photo

![124 N Franklin Street - Primary Photo](http://lh.rdcpix.com/cf858fc30c7022cd522ae4436ce91a70l-f3208820393r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/124-n-franklin-street-madison-wi-53703-2023681)*

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**MLS#:** 2023681 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/124-n-franklin-street-madison-wi-53703-2023681)

---

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