Search
12-Unit Townhouse-Style Apartment Building
For Sale
$1,495,000

405 E Truth Street, Shullsburg, WI 53586

Multi Family, Shullsburg, WI

Property SizeContact for details
Lot Size2.04 Acres
Days on Market51

Property Features for 405 E Truth Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-5
Parking features Off Street, Parking Lot
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

accessible units and parking
private storage
shared laundry facility

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: Sep 16 Last Checked: Sep 18 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 comprises four townhouse-style buildings on 2.04 acres. Constructed in 1993 with slab-on-grade foundations, the asset includes several updated units, accessible units, private 4 x 6-foot storage areas for each tenant, and approximately 25 off-street parking spaces. A newer roof and forced-air heating support the property's physical configuration, while a shared laundry room includes two newer coin-operated washers and dryers.

The property is located at 405 E Truth Street in Shullsburg, Wisconsin, approximately 30 minutes from Dubuque and 25 minutes from Platteville. R-5 zoning applies to the site. On-site maintenance assistance is available if desired.

Key Highlights

  • 12‑unit multifamily property across four townhouse‑style buildings
  • 2.04‑acre site with approximately 25 off‑street parking spaces
  • Private 4 x 6‑foot storage area provided for each tenant

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Bakery Big Box & Wholesale Store Law Firm (Bike/Boat/Book/etc) Store

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 low-maintenance residential buildings with updated units, tenant storage, shared laundry, 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 $1,495,000.
What are key features of this property?
This property features: 12‑unit multifamily property across four townhouse‑style buildings; 2.04‑acre site with approximately 25 off‑street parking spaces; Private 4 x 6‑foot storage area provided for each tenant
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