Back to Search

Brick 8-Unit Apartment Building

505 Alan Drive, Mount Horeb, WI 53572

View on Map

For Sale

$1,325,000

MULTI_FAMILY - Mount Horeb, WI

Lot size:

0.32 Acres

HighLights

Well‑maintained 8‑unit brick apartment building built in 1976
Fully leased with year‑to‑year leases in place for immediate occupancy and stable cash flow
Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin‑operated laundry system
Each unit has separate electric meters to help keep operating expenses efficient and transparent
Tenants have basement storage units and the property includes a surface outdoor parking lot
Includes additional commercially zoned land for potential development or expansion

We can help!

Contact an agent

Ken Brenner

For Sale

$1,325,000

MULTI_FAMILY - Mount Horeb, WI

Lot size:

0.32 Acres

Added:: Apr 15, 2026
Days on Market:: 79
Last Refresh:: Jul 2 at 5:06 pm

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!

Contact an agent

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

Well‑maintained 8‑unit brick apartment building built in 1976
Fully leased with year‑to‑year leases in place for immediate occupancy and stable cash flow
Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin‑operated laundry system
Each unit has separate electric meters to help keep operating expenses efficient and transparent
Tenants have basement storage units and the property includes a surface outdoor parking lot
Includes additional commercially zoned land for potential development or expansion

Overview

This well-maintained brick apartment building contains eight units and is fully leased with year-to-year leases in place. The property includes a newer roof, updated mechanical systems, and a newer coin-operated laundry system that supports additional on-site income. Each unit has its own separate electric meter, supporting efficient and transparent utility management. Tenants also benefit from basement storage units, and the property offers a surface outdoor parking lot for convenient tenant parking.

The offering also includes additional commercially zoned land, providing flexibility for future development or expansion. The site totals 0.32 acres and is located at 505 Alan Drive in Mount Horeb, Wisconsin (Dane County).

For investors or owner-operators seeking an income-producing multifamily asset, the building’s current occupancy and recent capital improvements are practical considerations. The combination of unit-level electric metering, tenant storage, and parking can support day-to-day operational effectiveness, while the included commercially zoned land allows an owner to plan for potential growth options beyond the existing building.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Mount Horeb
County: Dane
State: Wisconsin
Longitude: -89.725281
Latitude: 43.015658

Nearby Similar for Sale

$500,000

Updated Victorian Income Duplex

Updated Victorian-style duplex with a second-floor full kitchen and laundry, plus an expansive yard for tenant living or hosting.

122 N 2nd Street, Mount Horeb, WI 53572

View Details
$850,000

Four-Unit Residential Income Property

Four-unit residential building with private one-car garages, updated features, and an outdoor patio for tenant use.

1909 Fox Run, Mount Horeb, WI 53572

View Details
$370,000

Central Duplex with Separate Utilities

Two-unit duplex with updated interiors, heated common laundry, and separate gas and water meters for each side.

114 N 2nd Street, Mount Horeb, WI 53572

View Details
$672,900

Side-by-Side Duplex with Two Units

Well-maintained side-by-side duplex with two 3-bedroom units and a spacious backyard for tenant comfort.

809-811 Vista Ridge Drive, Mount Horeb, WI 53572

View Details
$850,000

Agricultural Land for Commercial Use

3.15 acres in Ag zoning that can remain crop land or be used as commercial space.

3.15 Acres Ridgeview Rd lot: 2, Mount Horeb, WI 53572

View Details
$370,000

Secluded Acreage Near Mount Horeb

4.2 acre estate lot ready for your dream home.

County Road S lot: 3, Mount Horeb, WI 53572

View Details
$360,000

Secluded 6-Acre Estate Lot

Build your dream home on this secluded 6-acre lot.

County Road S lot: 1, Mount Horeb, WI 53572

View Details
$102,500

Mount Horeb Residential Lot

Residential lot in a desirable Mount Horeb neighborhood.

Greve Circle lot: 2, Mount Horeb, WI 53572-3334

View Details
$750,000

Hobby Farm Acreage

Rural farmland tract on a private country road, with township verbal approval for a zoning change.

15 Acres +/- Cty Rd E lot: 1, Mount Horeb, WI 53572

View Details
$139,000

Residential Land in Sienna Hills

Large lot near Military Ridge Trail with beautiful views.

113 Jamie Jo Lot 9 Circle, Mount Horeb, WI 53572

View Details
$350,000

1,499 SF

Ranch Style Duplex Condo

Duplex condo with walkout basement and two-car garage.

1802 Fjord Pass, Mount Horeb, WI 53572

View Details
$1,375,000

Brick Apartment Building with Land

Well-maintained 8-unit apartment building with commercially zoned land.

505 Alan Drive, Mount Horeb, WI 53572

View Details

For sale
Apartment buildings
WI
Mount Horeb
53572
505 Alan Drive

What type of property is this?

Apartment building - Fully leased 8-unit brick building with separate electric meters, laundry upgrades, and tenant storage plus additional commercial 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: Well‑maintained 8‑unit brick apartment building built in 1976; Fully leased with year‑to‑year leases in place for immediate occupancy and stable cash flow; Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin‑operated laundry system

505 Alan Drive, Mount Horeb, WI 53572

MULTI_FAMILY - Mount Horeb, WI

Property Features for 505 Alan Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Updated Victorian Income Duplex

Four-Unit Residential Income Property

Central Duplex with Separate Utilities

Side-by-Side Duplex with Two Units

Agricultural Land for Commercial Use

Secluded Acreage Near Mount Horeb

Secluded 6-Acre Estate Lot

Mount Horeb Residential Lot

Hobby Farm Acreage

Residential Land in Sienna Hills

Ranch Style Duplex Condo

Brick Apartment Building with Land

FAQs