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    Mount Horeb Apartment Building Title is generated by Realmo AI

    505 Alan Drive, Mount Horeb, WI 53572

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    For Sale
    $1,325,000

    MULTI_FAMILY - Mount Horeb, WI

    Lot size:
    0.32 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 10 at 10:06 am

    Property Features for 505 Alan Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Appliances
    8
    Standard status
    Active
    APN
    0606-121-0255-3
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14286

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    8

    We can help!

    Listing Contact
    Ken Brenner
    Ken Brenner

    Listing agent Ken Brenner

    Listing office Stark Company, REALTORS 2980 Arapaho Dr, Madison, WI

    Listing date Apr 15, 2026

    MLS# 2017059 Listing URL

    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.

    HighLights

    • Fully leased 8‑unit brick apartment building providing immediate and stable cash flow.
    • Commercially zoned land included, offering future development or expansion potential.
    • Recent capital improvements: newer roof, updated mechanical systems, and newer coin‑operated laundry system.
    • Separate electric meters for each unit, promoting efficient and transparent operating expenses.
    • Basement storage units for tenants, adding functionality and desirability.
    • Surface outdoor parking lot for tenant convenience.

    Overview

    This well-maintained 8-unit brick apartment building includes additional commercially zoned land, offering future development or expansion potential. The property presents multiple value-add and long-term upside opportunities. The building is fully leased with year-to-year leases in place, providing immediate and stable cash flow. Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin-operated laundry system for supplemental income. Each unit features separate electric meters. Tenants benefit from basement storage units. The property also offers a surface outdoor parking lot for convenient tenant parking. The property is located in Mount Horeb, WI. The lot size is 0.32 acres. The zoning is R3. Solid brick construction, consistent rental history, and excess commercially zoned land make this a compelling opportunity for investors seeking income today with flexibility for future growth.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Horeb
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.725281
    Latitude
    43.015658

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      View Details
    • $350,000
      1,499 SF

      Ranch Style Duplex Condo

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      1802 Fjord Pass, Mount Horeb, WI 53572
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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building with commercially zoned land.
    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 $1,325,000.
    What are key features of this property?
    This property features: Fully leased 8‑unit brick apartment building providing immediate and stable cash flow.; Commercially zoned land included, offering future development or expansion potential.; Recent capital improvements: newer roof, updated mechanical systems, and newer coin‑operated laundry system.
    (608) 345-9496
    We can help!
    Listing Contact
    Ken Brenner
    Ken Brenner
    Learn More
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