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505 Alan Drive, 
Mount Horeb, WI 53572

$1,325,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Ken Brenner

Stark Company, Realtors

608-256-9011

Last updated:

May 6, 2026, 03:08 PM

MLS#

2017059

Source:

Metro MLS

About This Home

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.

Home Facts

Multi-Family

Built in 1976

Price Summary

1,325,000

MLS #:

2017059

Last Updated:

May 6, 2026, 03:08 PM

Added:

2 month(s) ago


Structure

Structure

Year Built:

1976


Lot

Lot Size (Sq. Ft):

13,939


Finances & Disclosures

Finances

Price:

$1,325,000

Source:Metro MLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.