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12-Unit Multifamily Townhouse-Style
New
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 Market5

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

private storage
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: Aug 3 Last Checked: Aug 3 at 6:06PM
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 multifamily property features four townhouse-style buildings constructed with low-maintenance slab-on-grade construction. Built in 1993, the community includes a newer roof, several updated units, and accessible units, along with tenant parking and on-site convenience features.

The property sits on a 2.04-acre lot and provides private storage for each tenant measuring 4 x 6. Off-street parking includes approximately 25 spaces, and residents have access to a shared laundry facility with two newer coin-operated washers and dryers.

Heating is provided via forced air. The site is located about 30 minutes from Dubuque and about 25 minutes from Platteville. Zoning is R-5.

Key Highlights

  • Four townhouse‑style buildings within a 12‑unit multifamily property
  • 2.04‑acre lot with slab‑on‑grade construction
  • Built in 1993 with a newer roof and several updated units

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

131
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Four townhouse-style buildings with accessible units on R-5 zoning, plus off-street parking and shared laundry on-site.
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: Four townhouse‑style buildings within a 12‑unit multifamily property; 2.04‑acre lot with slab‑on‑grade construction; Built in 1993 with a newer roof and several updated units
More about this property
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