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505 Alan Drive
Mount Horeb WI 53572 US

$1,375,000

Active Listing ID 2017059
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8 bed
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Lot: 0.32 Acres
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Other

$1,375,000

Active Listing ID 2017059
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505 Alan Drive Well-maintained 8-unit brick apartment building with additional commercially zoned land included, offering future development or expansion potential. This property presents multiple value-add and long-term upside opportunities. The building itself 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, helping keep operating expenses efficient and transparent. Tenants benefit from basement storage units, adding everyday functionality and desirability. The property also offers a surface outdoor parking lot for convenient tenant parking. 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...

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Property Features

  • Facts
  • Lot Size: 0.32 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Radiant

School Information

  • School
  • Mount Horeb(Elementary)
  • Mount Horeb(MiddleSchool)
  • Mount Horeb(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1375000
  • unparsedaddress: 505 Alan Drive
  • postalcity: Mount Horeb
  • stateorprovince: WI
  • country: US
  • postalcode: 53572
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.32
  • lotsizeunits: Acres
  • lotsizearea: 0.32
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 43.015658
  • longitude: -89.725281
  • listagentfullname: Ken Brenner
  • listagentemail: kbrenner@starkhomes.com
  • listagentkey: 3yd-SCWMLSWI-170044
  • listagentmlsid: 170044
  • listagentpreferredphone: 6083459496
  • listagentofficephone: 6082569011
  • listofficekey: 3yd-SCWMLSWI-221
  • listofficemlsid: 221
  • disclaimer: 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.
  • sourcesystemid: SCWMLSWI
  • yearbuilt: 1976
  • listagenturl: http://www.starkhomes.com
  • countyorparish: Dane
  • parcelnumber: 0606-121-0255-3
  • elementaryschool: Mount Horeb
  • highschool: Mount Horeb
  • elementaryschooldistrict: Mount Horeb
  • middleorjuniorschooldistrict: Mount Horeb
  • highschooldistrict: Mount Horeb
  • appliances: Dryer
  • constructionmaterials: Brick
  • heating: Radiant
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 4
  • waterfrontyn: False
  • interiorfeatures: Water Softener Owned
  • architecturalstyle: Other
  • rooms: Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • utilities: Water Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.72528, 43.01566
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Stark Company Realtors", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kbrenner@starkhomes.com", "ListBrokerageCity":"Madison", "ListBrokerageCountry":"US", "ListBrokerageEmail":"customerservice@starkhomes.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/SCWMLSWI/ff8080811a0c100e011a10d5f73f0464/20100907090535091.png", "ListBrokerageName":"Stark Company Realtors", "ListBrokeragePhone":"(608) 256-0801", "ListBrokeragePostalCode":"53719", "ListBrokerageStateOrProvince":"WI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2980 Arapaho Drive", "ListBrokerageWebsiteUrl":"http://www.starkhomes.com", "ListOfficeAddress1":"2980 Arapaho Dr", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1091", "ListOfficeCity":"Madison", "ListOfficeCountry":"US", "ListOfficeEmail":"personnel@starkhomes.com", "ListOfficePostalCode":"53719-5113", "ListOfficeStateOrProvince":"WI", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment building, 2 story - Mount Horeb, WI", "ListingURL":"https://listings.listhub.net/pages/SCWMLSWI/2017059/?channel=rexren", "MLSModificationTimestamp":"2026-02-23T21:27:13Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment building, 2 story", "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":14286, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/25/2026 11:02:11 AM GMT
Source Updated Date: 2/26/2026 12:48:25 PM GMT

Courtesy of: Ken Brenner, Stark Company, REALTORS, kbrenner@starkhomes.com

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.