Brick 8-Unit Apartment
For Sale
$1,275,000
505 Alan Drive, Mount Horeb, WI 53572
Multi Family, Mount Horeb, WI
Property SizeContact for details
Lot Size0.32 Acres
Days on Market63
Property Features for 505 Alan Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Appliances
8
Elementary school
Mount Horeb
Middle school
Mount Horeb
High school
Mount Horeb
Elementary school district
Mount Horeb
Middle school district
Mount Horeb
High school district
Mount Horeb
Directions
Hwy 18/151 to Springdale St, right on 78 North, right on Durtschi Dr, left on Alan Dr
Subdivision
MOUNT HOREB - V
Standard status
Active
APN
0606-121-0255-3
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15234
Utilities
Heating system
Radiant
Amenities
coin-operated laundry
basement storage units
surface outdoor parking lot
Building Details
Year built
1976
Floors in Building
2
Number of units
8
Listing Agency:
Stark Company, REALTORS
(608) 256-9011
Listed By:
Ken Brenner · License #5907390
(608) 345-9496
Added: Jul 8
Changed: Sep 4
Last Checked: Sep 8 at 6:06PM
MLS# 2017059
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 8-unit brick apartment building in Mount Horeb was constructed in 1976 and is fully leased with year-to-year leases. Recent improvements include a newer roof, updated mechanical systems, and a coin-operated laundry system. Radiant heating serves the building, while separate electric meters support clear utility allocation. Basement storage units and an outdoor surface parking lot provide added tenant functionality.
The property includes 0.32 acres and is identified with R3 zoning, along with additional commercially zoned land. The included land expands the property's physical footprint and provides flexibility for future development or expansion, subject to applicable approvals. The asset combines an operating apartment building with additional land in a single property.
The property includes 0.32 acres and is identified with R3 zoning, along with additional commercially zoned land. The included land expands the property's physical footprint and provides flexibility for future development or expansion, subject to applicable approvals. The asset combines an operating apartment building with additional land in a single property.
Key Highlights
- 8‑unit brick apartment building constructed in 1976
- Fully leased with year‑to‑year leases in place
- 0.32 acres with additional commercially zoned land included
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 53572, WI
10,549
Population
4,032
Households
2.6
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
99.1 sq mi
ZIP Area
106
Density / Sq Mi
$104,604
Median Household Income
$55,945
Median Earnings
$1,243
Median Rent
$381,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartment property with updated systems, tenant storage, separate electric metering, and an on-site parking area.
Where is this apartment building located?
The property is located at 505 Alan Drive Mount Horeb, WI.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 8‑unit brick apartment building constructed in 1976; Fully leased with year‑to‑year leases in place; 0.32 acres with additional commercially zoned land included
