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Income properties this close to downtown Madison rarely pencil $650,000

126 N Franklin St, Madison, WI 53703

5 br, 2.0 ba, 1889 1742 sf
Dane County
Ad #: 7750745

Home For Sale near Lake Mendota

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.

Property Details

  • Beds: 5
  • Baths: 2.0
  • Sq Feet: 1742
  • Year Built: 1889
  • Location: Lake Mendota
  • Acres: 0.080
  • County: Dane County
  • Roof:
  • Stories: 2
  • Property Taxes: $6,144
  • MLS #: 2023674

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 Home For Sale in Madison, Wisconsin
Ad Number : 7750745
Viewed: 22 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.