357 Wallace Drive Frankfort, KY ^$ 160,000

357 Wallace Drive

^$ 160,000

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Recently Listed

357 Wallace Drive

Frankfort, KY, 40601

^$ 160,000

Bedrooms4 Baths2.0 Sq 1,500

Monthly Estimate*

^$ 985

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Multi-Family Home for sale in Frankfort, KY

for $160,000 with 4 bedrooms and 2 full baths. This 1,500 square foot home was built in 1988.

Attention investors! Add a cash-flowing duplex to your portfolio. 357 Wallace is currently rented for $1,520 per month in gross rent, with leases in place through September and October 2026. This 4-bedroom, 2-bath property (2/1 per side) features recent updates, a large yard, and room to grow rents. All utilities are separately metered and paid by the tenants. A group showing will be held Sunday, March 15 from 4:00-4:15 PM. Property can be combined as part of a portfolio with 309 Virginia, Frankfort.

Multi-Family Active

Price

^$ 160,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Year Built

1988

Town/City

Frankfort

County/Region

Franklin

MLS | Web ID

26004860

Features

General

Heating Electric

Cooling Electric

Possession Close Of Escrow

Roof Shingle

Year Built 1988

Property Subtype Duplex

Parcel Number 061-43-13-003.00

County Franklin

New Construction N

Property Type Residential Income

Attached Garage N

Subdivision Name Berry Hill

Full Baths 2

Status Active

Directions Take Old Frankfort Pike to US-421 N/Leestown Rd 10 min (4.8 mi) Turn left onto US-421 N/Leestown Rd Continue to follow US-421 N 20 min (17.0 mi) Continue on East-West Connector to Frankfort 4

High School Frankfort

City Frankfort

High School District Franklin County - 14

MLS Area 014 - Franklin County

Lot Size Square Feet 0.0

Elementary School Second St

Land Lease Y/N N

Middle/Junior High School Second St Middle

MLS Area Minor 014 - Franklin County

Lease Considered Y/N N

Rent Control Y/N N

Structure Type Duplex

Standard Status Active

Senior Community None

Water Body Access Y/N None

Accessibility Features Y/N None

Exterior

Parking Features Paved

Total Parking 4.0

Number of Buildings 1

Building Area Total 1500.0

Lot Size Acres 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N Y

Heating Y/N Y

Half Baths 0

Total Bedrooms 4

Total Baths 2

Internal Only

Street Number 1 357

* Excluded Features

List By

Lifstyl Real Estate

Broker

kypeacehomes@yahoo.com

Affordability Calculator

$985

Per Month

Monthly Principal & Interest: $985
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Frankfort, KY

Average List Price ^$322,686

Percent of Sale Price 102%

About Frankfort, KY

28,237 Population

3% Since 2002

^$45,871 Median Income

38.14 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3289530 Elementary School

3292813 Middle School

Frankfort High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/13/2026	$160,000		Listed Price

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357 Wallace Drive, Frankfort, KY, 40601 is a Multi-Family Home for sale at $160,000 with 1,500 sqft. 357 Wallace Drive has 4 bedrooms, 2.0 baths, and was built in 1988. The property's zip code is 40601 which is in Frankfort, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of Bluegrass REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Bluegrass REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 3/14/2026.

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357 Wallace Drive

Multi-Family Home for sale in Frankfort, KY

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