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124 N Franklin St - 3 Property Portfolio 6 Unit Apartment Building Offered at $4,409,536 CAD at a 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 |
$389,103
|
$144.27
|
| Other Income |
$46,052
|
$17.08
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$435,155
|
$161.35
|
| Taxes |
$46,770
|
$17.34
|
| Operating Expenses |
$24,828
|
$9.21
|
| Total Expenses |
$71,598
|
$26.55
|
| Net Operating Income |
$363,557
|
$134.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $389,103 |
| Annual Per SF | $144.27 |
| Other Income (CAD) | |
|---|---|
| Annual | $46,052 |
| Annual Per SF | $17.08 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $435,155 |
| Annual Per SF | $161.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,770 |
| Annual Per SF | $17.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,828 |
| Annual Per SF | $9.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,598 |
| Annual Per SF | $26.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $363,557 |
| Annual Per SF | $134.80 |
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 | $46,770 CAD ($4.68 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
$46,770 CAD ($4.68 CAD/SF)
Tax Year
2025
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124 N Franklin St - 3 Property Portfolio
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