8-Unit Brick Apartment
For Sale
$1,325,000
505 Alan Drive, Mount Horeb, WI 53572
MULTI_FAMILY - Mount Horeb, WI
Property SizeContact for details
Lot Size0.32 Acres
Days on Market118
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
2024
Tax Annual Amount
14286
Utilities
Heating system
Radiant
Amenities
coin-operated laundry
basement storage
surface 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: Apr 15
Changed: Aug 5
Last Checked: Aug 10 at 11:06AM
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 apartment building in Mount Horeb was constructed in 1976 with solid brick construction and radiant heating. The property is fully leased with year-to-year leases, and each unit has a separate electric meter. Tenant-oriented features include basement storage units, a surface parking lot, and a coin-operated laundry system. Recent capital work includes a newer roof and updated mechanical systems, while the laundry equipment provides an additional on-site amenity.
The property includes 0.32 acres and additional land. Its R3 zoning is identified in the property information. The combination of established apartment improvements, current leasing, separate utility metering, and included land creates a straightforward multifamily asset with both operating features and room for future planning, without relying on unsupported assumptions about development or expansion.
The property includes 0.32 acres and additional land. Its R3 zoning is identified in the property information. The combination of established apartment improvements, current leasing, separate utility metering, and included land creates a straightforward multifamily asset with both operating features and room for future planning, without relying on unsupported assumptions about development or expansion.
Key Highlights
- 8‑unit brick apartment building constructed in 1976
- Fully leased with year‑to‑year leases in place
- 0.32 acres with additional 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 - Brick construction, individual electric meters, basement storage, and surface parking support practical tenant operations.
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: 8‑unit brick apartment building constructed in 1976; Fully leased with year‑to‑year leases in place; 0.32 acres with additional land included
