126 N Franklin Street

Madison, WI
$ 650,000 Beds 5 Baths 2 Sq 1,742
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 650,000
  • City
  • Madison
  • Bedrooms
  • 5
  • Full Bathrooms
  • 2
  • County
  • DANE
  • Half Bathrooms
  • 0
  • Area
  • MADISON - C E01
  • Lot Size
  • 0.08 Acres
  • Zip
  • 53703
  • Sqr Footage
  • 1,742
  • Year Built
  • 1889
  • Taxes
  • $ 6144
  • Style
  • Cape Cod
  • MLS#
  • 2023674
Listed By: EXIT Realty HGM;
Data Source: South Central Wisconsin MLS (SCWMLS)

Features

General

Garage None
Zoning DR1
School District Madison
Full Baths 2
Style Cape Cod
County Dane
Class Single Family
Tax Year 2025
Fuel Natural gas
Status Active
Items Included All appliances,washing machines,dryers,water heaters,water softeners,window coverings
Year Built 1889
Directions .
High School East
City Madison
Elementary School Lapham/Marquette
Middle School OKeeffe
DOM 129
Price Per Sq Ft Total AG 373.13
County Qtr Section East Metro Madison

Interior Features

Basement Full,Unfinished
Kitchen Dimensions 13x11
Beds 5
Total Baths 2
Heating/Cooling Window AC
Finished SqFt 1742
Bedroom 2 Dim 12x13
Bedroom 3 Dim 13x11
Bedroom 4 Dim 13x10
Bedroom 5 Dim 7x15
Other Room Dim 13x10
Other Room Other
Bedroom 2 Level U
Bedroom 3 Level M
Bedroom 4 Level U
Bedroom 5 Lvl U
Kitchen Level M
Other Room Lvl U
SqFt Source Assessor
Full Baths Main 1
Full Baths Upper 1

Exterior Features

Improvements 218300
Exterior Wood
Driveway Shared
Water/Waste Municipal sewer,Municipal water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Baraboo, WI office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Lapham/Marquette Elementary School
Middle School OKeeffe Middle School
High School East High School

Price History

5/19/2026 Listed $650,000

Property vs Zip Code Average in 53703

Price
AVG $540K
$650K
Taxes
AVG $8,354
$6,144
Year Built
AVG 1909
1889
Visits
AVG 19
71
Data Provided by Inside Real Estate®

Areas That We Cover

126 N Franklin Street Madison, WI is a Single Family Home for sale at $650000 with 1742 sqft and a lot size of 0.08 Acres Acre(s). 126 N Franklin Street Madison has 5 bedrooms, 2 baths and was built in 1889. The property's zip code is 53703 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Denise Lopez

Denise Lopez

608-709-0156

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