Search
12-Unit Apartment Property
For Sale
$1,599,000

405 E Truth Street, Shullsburg, WI 53586

Multi Family, Shullsburg, WI

Property SizeContact for details
Lot Size2.04 Acres
Days on Market39

Property Features for 405 E Truth Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-5
Parking features Parking Lot, Off Street
Appliances 12
Elementary school Shullsburg
Middle school Shullsburg
High school Shullsburg
Elementary school district Shullsburg
Middle school district Shullsburg
High school district Shullsburg
Directions US 151 S take CR-O exit, Exit 37 towards Mineral Point, turn left on CR-O turn right to stay on CR-O
Subdivision SHULLSBURG - C
Standard status Active
APN 281-0550-0000
Lot size 2.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12446

Utilities

Heating system Forced Air

Amenities

private storage
shared laundry facility
accessible units and parking

Building Details

Year built 1993
Floors in Building 2
Number of units 12
Listing Agency: REMAX RealPros · RE/MAX International
Listed By: Sally Luehman · License #5481490
Added: Jul 30 Changed: Aug 31 Last Checked: Sep 6 at 2:06AM
MLS# 2029297

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.

Investment Insights

Based on property information with market context.

This 12-unit apartment property at 405 E Truth Street consists of four townhouse-style buildings on 2.04 acres. Built in 1993 with slab-on-grade construction, the property includes several updated units, accessible units and parking, and a newer roof. Each tenant has private 4' x 6' storage, while a shared laundry area includes two newer coin-operated washers and dryers.

The property is located in Shullsburg, Wisconsin, approximately 30 minutes from Dubuque and 25 minutes from Platteville. On-site parking includes approximately 25 off-street spaces, with both parking-lot and off-street parking features identified. Forced-air heating serves the buildings, and on-site maintenance assistance is available if desired. The property is zoned R-5.

Key Highlights

  • 12‑unit apartment property across four townhouse‑style buildings
  • 2.04 acres in Shullsburg, Wisconsin
  • Built in 1993 with slab‑on‑grade construction and a newer roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Bakery Law Firm (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby

Demographics for 53586, WI

2,101
Population
968
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
100.5 sq mi
ZIP Area
21
Density / Sq Mi
$65,658
Median Household Income
$38,750
Median Earnings
$977
Median Rent
$149,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Four townhouse-style buildings provide a 12-unit residential income property with shared laundry, tenant storage, and off-street parking.
Where is this apartment building located?
The property is located at 405 E Truth Street Shullsburg, WI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 12‑unit apartment property across four townhouse‑style buildings; 2.04 acres in Shullsburg, Wisconsin; Built in 1993 with slab‑on‑grade construction and a newer roof
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message