Address
126 N Franklin Street, Madison, WI
Price
$ 650,000
Property Attributes
- MLS#2023674
- TypeSingle Family
- Listing Status Active
- CountyDANE
- CityMadison
- AreaMADISON - C E01
- Zip53703
- StyleCape Cod
- Year Built1889
- Taxes$ 6144
- Price$ 650,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1742
- Lot Size0.08 Acres
Data Source:
South Central Wisconsin MLS (SCWMLS)
Property 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, thereâs 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 120â126 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Lapham/Marquette Elementary School | OKeeffe Middle School | East High School |
| Price History | |
|---|---|
| 5/19/2026 | Listed $650,000 |
General Features
| 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 | 122 |
| 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
Property vs Single Family Average in 53703
Price
Taxes
Year Built
Visits
SCWMLS - South Central Wisconsin Multiple Listing Corp. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information 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. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than ReThink Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright 2026 South Central Wisconsin MLS Corporation All rights reserved.
This information, provided by seller, listing broker, and other parties, may not have been verified.
SCWMLS information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: September 21, 2026 5:05 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
