Searching ...

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. Unit 5-8 Rent=$4,935/mo

Highlights

  • Residential Income
  • Multi Family
  • Built in 1976
  • 0.32 Acre Lot
  • 259 days on Market

  • Bedrooms
    8
  • Bathrooms
    4
  • Year Built
    1976
  • Construction Materials
    Brick
  • Appliances
    Dryer, Refrigerator, Cooktop, Water Softener
  • Basement
    Full

  • Acres
    0.32
  • Water
    Public

  • County
    Dane
  • City
    Mount Horeb
  • Zip Code
    53572
  • High School
    Mount Horeb
  • Middle School
    Mount Horeb
  • Elementary School
    Mount Horeb

Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 505 Alan Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 505 Alan Dr.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 505 Alan Dr?

Click Ask a Question to talk with our team. You already know it is a 8 bed, 4 bath, listed for $1,275,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Mount Horeb, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 505 Alan Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 505 Alan Dr at around $8,525. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 505 Alan Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Dane County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 505 Alan Dr?

In most cases, yes. Whether 505 Alan Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Mount Horeb's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 505 Alan Dr?

We can handle that for you. Our preferred local agent specializes in residential incomes in Mount Horeb and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

505 Alan Dr was listed on February 23, 2026, which means it's been on the market for 259 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1976, making it approximately 50 years old.

What is the lot size of this property?

505 Alan Dr sits on a 0.32-acre lot, which is 13,939 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Mount Horeb
  • Middle: Mount Horeb
  • High: Mount Horeb

Want to see how these schools compare? Check out our Dane County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 505 Alan Dr?

The most recent public record shows annual property taxes for 505 Alan Dr were approximately $15,234. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 505 Alan Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Mount Horeb, WI


Search Nearby Cities


Search Nearby Postal Codes

The data relating to real estate for sale on this website comes in part from the Internet Data Display program of the South Central Wisconsin MLS. Real estate listings held by brokerage firms other than First Weber are marked with the 'MLS' icon and/or include the name of the listing broker. This information, provided by seller, listing broker, and other parties, may not have been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 South Central Wisconsin MLS. All Rights Reserved.

Last Updated: November 09, 2026 at 04:16AM | Source: South Central Wisconsin Multiple Listing Service | MLS#: 2017059