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About This Home
This 5-bedroom, 2-bathroom single family at 126 N Franklin Street in Madison, WI is listed for $650,000 ($373 per sqft). Built in 1889, the home offers 1,742 sqft of living space on a 0.08 acres lot.
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.
Key Features
- Built in 1889
- 0.08 acre lot
- 1.5 stories
Property Details
Amenities
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
126 N Franklin Street
Madison, WI 53703
Questions & Answers
This 5-bedroom, 2-bathroom single family at 126 N Franklin Street is listed at $650,000 ($373/sqft). The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: Built in 1889, 0.08 acre lot, 1.5 stories.
This property is listed by Imani Jones and can be reached at 6083957600 or imani@exithgm.com.
