514 Wapping Street Frankfort, KY $ 497,000
514 Wapping Street
$ 497,000
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514 Wapping Street

Frankfort, KY, 40601
$ 497,000
Bedrooms7 Baths5.0 Sq 4,984

Monthly Estimate*

$ 3,060

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Multi-Family Home for sale in Frankfort, KY

for $497,000 with 7 bedrooms and 5 full baths. This 4,984 square foot home was built on a lot size of 0.32.

Rare opportunity to own a historic, income-producing property held by the same family for two generations. This well-maintained asset offers stunning river and downtown views from large windows on every level, along with a second-story balcony to fully enjoy the setting. The property features four thoughtfully laid-out units: First floor: one 2 bed / 2 bath unit and one 2 bed / 1 bath unit Second floor: two 1 bed / 1 bath units The third floor, once used as living space, is currently utilized for storage but offers excellent potential to be converted into a fifth unit, capitalizing on some of the best views in the building. Additional highlights include a private driveway for off-street parking and a spacious rear deck overlooking the beautiful Liberty Hall Gardens, providing a peaceful and scenic backdrop. This versatile property also presents the opportunity to be transformed into a stunning single-family residence. Lovingly cared for over decades, it offers both charm and confidence for its next owner—whether as an investment or a unique personal home.

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Multi-Family Active

Price

$ 497,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.32

Town/City

Frankfort

County/Region

Franklin

MLS | Web ID

26005492

Features
General
Heating Electric Natural Gas
Cooling Central Air Electric Multi Units Window Unit(s)
Possession Negotiable
Roof Dimensional Style
Year Built 9999
Property Subtype Quadruplex
Parcel Number 061-24-01-023.00
County Franklin
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 5
Status Active
Directions Sits on the dead end side of wapping
High School Frankfort
City Frankfort
High School District Frankfort Independent
Number Of Units Total 4
MLS Area 014 - Franklin County
Lot Size Units Acres
Lot Size Square Feet 13950.0
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 Quadruplex
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site
Total Parking 2.0
Lot Size Area 0.32
Number of Buildings 1
Building Area Total 4984.0
Lot Dimensions 90 x 115
Lot Size Acres 0.32
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 7
Total Baths 5
Heating-Natural Gas True
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Internal Only
Street Number 1 514
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* Excluded Features
List By
Marshall Lane Real Estate

Broker

Affordability Calculator

$3,060
Per Month
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Monthly Principal & Interest
$3,060
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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
3453210 Elementary School
3453211 Middle School
Frankfort High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$497,000 Listed Price

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514 Wapping Street, Frankfort, KY, 40601 is a Multi-Family Home for sale at $497,000 with 4,984 sqft and a lot size of 0.32. 514 Wapping Street has 7 bedrooms and 5.0 baths. The property's zip code is 40601 which is in Frankfort, KY