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$1,375,000 Just Listed

  • For Sale
  • Active
  • Apartment
  • Updated 1 day ago
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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.

Full Property Details for 505 Alan Dr

General

  • Price: $1,375,000
  • Taxes: $14,286 (2024)
  • Status: Active
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2017059
  • Updated: 2/23/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Water Softener

Parking

  • Parking Features: 1 Space

Location

  • Municipality: Mount Horeb
  • County: Dane
  • Driving Directions: Hwy 18/151 to Springdale St, right on 78 North, right on Durtschi Dr, left on Alan Dr

School Information

  • School District: Mount Horeb
  • Elementary School: Mount Horeb
  • Middle School: Mount Horeb
  • High School: Mount Horeb

Heating & Cooling

  • Heating Fuel: Other
  • Heating/Cooling: Radiant/Electric

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer
  • Utility Description: Separate Electric Meters

Structural Information

  • Description/Design: Apartment Building, 2 Stories
  • Exterior Const.: Brick
  • Basement Desc.: Full
  • Year Built: 1976

Unit Information

  • Units in Building: 8

Unit 1

  • Square Feet: 800
  • Bedrooms: 2

Unit 2

  • Square Feet: 800
  • Bedrooms: 2

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

  • Lot Size Source: Assessor/Public Record
  • Zoning: R3

Financial Considerations

  • Tax Amount: $14,286
  • Tax Year: 2024

Disclosures and Reports

  • Inclusions: 8 Stoves, 8 Refrigerator/Freezers, 8 Air Conditioners, 1 Water Softener, 2 Coin-Operated Washers and Dryers.

Listed by Stark Company, REALTORS

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Listing agent

— 505 Alan Dr —

  • Stark Company, REALTORS

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 505 Alan Dr

School District:Mount Horeb Area School District
NameGradesDistance
Mount Horeb Intermediate School
200 Hanneman Boulevard, Mount Horeb, WI 53572
3-50.6 mi
Mount Horeb Primary Center
207 Academy Street, Mount Horeb, WI 53572
1-21 mi
Early Learning Center, Mount Horeb, WI
300 Spellman Street, Mount Horeb, WI 53572
PK-K1.1 mi
Mount Horeb Middle School
900 East Garfield Street, Mount Horeb, WI 53572
6-80.7 mi
Mount Horeb High School
305 South 8th Street, Mount Horeb, WI 53572
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 Alan Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/23/2026
Listed
$1,375,000
30.95%
MLS
5/12/2023
Sold
$1,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 505 Alan Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,064
12%
$63,900
—
2024
$948
4%
$63,900
—
2022
$912
-13%
$63,900
19%
2022
$1,050
—
$53,500
—
2021
$1,045
3%
$53,500
—
2020
$1,017
-1%
$53,500
—
2019
$1,025
2%
$53,500
—
2018
$1,001
62%
$53,500
67%
2017
$616
8%
$32,000
—
2016
$568
6%
$32,000
—
2015
$534
-4%
$32,000
—
2014
$554
-3%
$32,000
—
2013
$571
—
$32,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Stark Company, REALTORS

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505 Alan Drive, Mount Horeb, WI 53572 (MLS# 2017059) is a Apartment property with 0 bedrooms and 0 full bathrooms. 505 Alan Drive is currently listed for $1,375,000 and was received on February 23, 2026. Want to learn more about 505 Alan Drive? Do you have questions about finding other Apartment real estate for sale in Mount Horeb? You can browse all Mount Horeb real estate or contact a Coldwell Banker agent to request more information.

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