Lot For Sale near Lake Mendota

Rare opportunity to own the 120-126 N. Franklin St portfolio, a 6~unit, 27~bedroom side~by~side investment property in a premier rental location near James Madison Park. This exceptionally well~maintained portfolio offers strong in~place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of approximately $345,410 for the 2027-2028 lease term. Features include 12 off~street parking stalls, attractive unit layouts, and a proven occupancy history in one of Madison's most competitive rental markets. Opportunities to acquire a congruent, turnkey 27~bedroom portfolio of this size, condition, and location are exceptionally rare. Excellent long~term appreciation, cash flow, and development upside make this a portfolio standout..

Property Details

  • Location: Lake Mendota
  • Acres: 0.225
  • County: Dane County
  • Property Taxes: $33,941
  • MLS #: 2023686

Location

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Contact Information:

Contact Agent
Listing Agent: Imani Jones, Revival Realty Group, LLC, 608-395-7600, 608-438-6371 Listing Site, Listing Status: Active
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.

Ad Statistics:

Lake Lot For Sale in Madison, Wisconsin
Ad Number : 7750748
Viewed: 42 times
Added: May 19, 2026
Updated on: Jun 16, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.