120-126 N Franklin St - Apartments FOR SALE


Madison, WI 53703- Downtown Madison
$3,200,000 USD
608-395-7600
120-126 N Franklin St, Madison, WI for Sale
$3,200,000 USD
Apartments - FOR SALE
1/71
null | 6.35% Cap Rate

120-126 N Franklin St
Madison, WI 53703
Downtown Madison


HIGHLIGHTS

  • Congruent
  • Off street parking
  • Easy to rent

OVERVIEW

The 120–126 N. Franklin Street Portfolio presents a rare opportunity to acquire a side-by-side 6-unit, 27-bedroom multifamily portfolio in one of Madison’s most consistently demanded rental corridors. Located steps from James Madison Park and minutes from Downtown Madison, this exceptionally well-maintained portfolio combines strong in-place cash flow with meaningful future rental upside. The properties feature large bedroom counts, attractive layouts, off-street parking, and historically strong occupancy due to their premier downtown location. The portfolio currently generates approximately $315,254 in annual income with projected pro forma income of approximately $345,410. Opportunities to acquire a congruent portfolio of this size, scale, and location in Downtown Madison are exceptionally rare.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,333

CAP RATE

6.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Property Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1882

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

DR1

APN/PARCEL ID

0709-133-2125-7,0709-133-2126-5,0709-133-2127-3

ASK ABOUT THIS PROPERTY

Imani JonesEXIT Realty HGMMore Info
608-395-7600

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Imani JonesEXIT Realty HGMMore Info
608-395-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.