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3 Property Portfolio 120-126 N Franklin St 6 Unit Apartment Building $4,430,496 CAD ($738,416 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$390,952
|
$39.16
|
| Other Income |
$46,271
|
$4.63
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$437,223
|
$43.80
|
| Taxes |
$46,992
|
$4.71
|
| Operating Expenses |
$24,946
|
$2.50
|
| Total Expenses |
$71,939
|
$7.21
|
| Net Operating Income |
$365,285
|
$36.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $390,952 |
| Annual Per SF | $39.16 |
| Other Income (CAD) | |
|---|---|
| Annual | $46,271 |
| Annual Per SF | $4.63 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $437,223 |
| Annual Per SF | $43.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,992 |
| Annual Per SF | $4.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,946 |
| Annual Per SF | $2.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,939 |
| Annual Per SF | $7.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $365,285 |
| Annual Per SF | $36.59 |
Property Facts
Amenities
Unit Amenities
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Hardwood Floors
- Tub/Shower
- Basement
- Family Room
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0709-133-2126-5 | Total Assessment | $1,052,363 CAD |
| Land Assessment | $165,220 CAD | Annual Taxes | $46,992 CAD ($4.71 CAD/SF) |
| Improvements Assessment | $887,144 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0709-133-2126-5
Land Assessment
$165,220 CAD
Improvements Assessment
$887,144 CAD
Total Assessment
$1,052,363 CAD
Annual Taxes
$46,992 CAD ($4.71 CAD/SF)
Tax Year
2025
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3 Property Portfolio | 120-126 N Franklin St
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