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3 Property Portfolio 120-126 N Franklin St 6 Unit Apartment Building $3,200,000 ($533,333/Unit) 6.35% Cap Rate Madison, WI 53703
Investment Highlights
- Congruent
- Easy to rent
- Off street parking
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$282,372
|
$28.29
|
| Other Income |
$33,420
|
$3.35
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$315,792
|
$31.63
|
| Taxes |
$33,941
|
$3.40
|
| Operating Expenses |
$18,018
|
$1.80
|
| Total Expenses |
$51,959
|
$5.20
|
| Net Operating Income |
$263,833
|
$26.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $282,372 |
| Annual Per SF | $28.29 |
| Other Income | |
|---|---|
| Annual | $33,420 |
| Annual Per SF | $3.35 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $315,792 |
| Annual Per SF | $31.63 |
| Taxes | |
|---|---|
| Annual | $33,941 |
| Annual Per SF | $3.40 |
| Operating Expenses | |
|---|---|
| Annual | $18,018 |
| Annual Per SF | $1.80 |
| Total Expenses | |
|---|---|
| Annual | $51,959 |
| Annual Per SF | $5.20 |
| Net Operating Income | |
|---|---|
| Annual | $263,833 |
| Annual Per SF | $26.43 |
Property Facts
Amenities
Unit Amenities
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Hardwood Floors
- Tub/Shower
- Basement
- Family Room
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Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,819,300 | |
| Land Assessment | $347,500 | Annual Taxes | $33,941 ($3.40/SF) |
| Improvements Assessment | $1,471,800 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$347,500
Improvements Assessment
$1,471,800
Total Assessment
$1,819,300
Annual Taxes
$33,941 ($3.40/SF)
Tax Year
2025
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3 Property Portfolio | 120-126 N Franklin St