124 N Franklin St Madison, WI 53703
Downtown Madison NeighborhoodEstimated payment $6,091/month
Highlights
- Laundry Room
- Marquette Elementary Rated A-
- 3-minute walk to James Madison Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,248
Year Built
- Built in 1882
Parking
- 4 Open Parking Spaces
Home Design
- Duplex
- Vinyl Siding
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Additional Features
- Laundry Room
- Basement Fills Entire Space Under The House
- 3,485 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 0709-133-2126-5
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,157 | $763,700 | $119,900 | $643,800 |
| 2024 | $24,638 | $700,600 | $119,900 | $580,700 |
| 2023 | $11,881 | $654,800 | $119,900 | $534,900 |
| 2022 | $24,548 | $623,700 | $111,000 | $512,700 |
| 2021 | $12,684 | $594,000 | $111,000 | $483,000 |
| 2020 | $12,278 | $550,000 | $107,800 | $442,200 |
| 2019 | $12,327 | $550,000 | $97,500 | $452,500 |
| 2018 | $8,572 | $384,100 | $97,500 | $286,600 |
| 2017 | $8,882 | $384,100 | $97,500 | $286,600 |
| 2016 | $8,689 | $365,800 | $88,600 | $277,200 |
| 2015 | $8,779 | $348,400 | $88,600 | $259,800 |
| 2014 | $8,363 | $348,400 | $88,600 | $259,800 |
| 2013 | $6,250 | $335,000 | $83,600 | $251,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | For Sale | $900,000 | -- | $334 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | $550,000 | -- | |
| Warranty Deed | $335,000 | Dane County Title Company | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $260,000 | Dane County Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,995,000 | New Conventional | |
| Previous Owner | $440,000 | New Conventional | |
| Previous Owner | $268,000 | New Conventional |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2023681
APN: 0709-133-2126-5
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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