# 126 N Franklin Street, Madison, WI 53703

> **TL;DR:** 5bd/2ba single family, $650,000 ($373/sqft), built 1889, 1,742 sqft.
> Basement. Est. $2,817/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $650,000 |
| Price/sqft | $373 |
| Bedrooms | 5 |
| Bathrooms | 2 full |
| Square Feet | 1,742 |
| Year Built | 1889 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,817 |
| **Total** | **$2,817** |

## Nearby Schools

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

## Key Amenities

- Basement

## Property Highlights

- Built in 1889
- 0.08 acre lot
- 1.5 stories

## Description

### Agent 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.

## Location

- **Address:** 126 N Franklin Street, Madison, WI 53703
- **County:** Dane
- **Coordinates:** 43.07924, -89.381739
- **Google Maps:** https://www.google.com/maps?q=43.07924,-89.381739

## Listing Agent

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

## Primary Photo

![126 N Franklin Street - Primary Photo](http://lh.rdcpix.com/6fb269ae37de070f745997219397e8c3l-f2953523367r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/126-n-franklin-street-madison-wi-53703-2023674)*

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**MLS#:** 2023674 | **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/126-n-franklin-street-madison-wi-53703-2023674)

---

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