506 Steele Street # 1-5 Frankfort, KY $ 599,900
506 Steele Street # 1-5
$ 599,900
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506 Steele Street # 1-5

Frankfort, KY, 40601
$ 599,900
Bedrooms10 Baths5.0 Sq 4,250

Monthly Estimate*

$ 3,694

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Multi-Family Home for sale in Frankfort, KY

for $599,900 with 10 bedrooms and 5 full baths. This 4,250 square foot home was built in 1926 on a lot size of 0.23.

506 Steele is a unique 5-unit multifamily property in a great Frankfort location within walking distance to the Kentucky State Capitol and downtown amenities. The property features four large 2 bedroom, 1 bathroom units with a private sun room, along with a distinctive penthouse unit. This well-built building has strong curb appeal and character that stands out from typical apartment properties. Current rents are $4,320 per month with plenty of upside to raise rents to market rates. Rent roll and financials available on Flex. Property can also be packaged together with 201-203 Campbell for investors looking to expand their portfolio with additional Frankfort multifamily units.

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Multi-Family Active

Price

$ 599,900

Bedrooms

10

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.23

Year Built

1926

Town/City

Frankfort

County/Region

Franklin

MLS | Web ID

26011504

Features
General
Heating Electric
Cooling Central Air
Possession Close Of Escrow
Year Built 1926
Unit Number 1-5
Property Subtype Apartment
Parcel Number 062-13-17-003.00
County Franklin
New Construction N
Property Type Residential Income
Subdivision Name Capital View
Full Baths 5
Status Active
Directions From Lexington take I-64 West toward Frankfort. Take exit 58 for US-60/Versailles Road toward downtown Frankfort. Continue onto Versailles Road then turn left onto Steele Street. Property will be on
High School Franklin Co
City Frankfort
High School District Franklin County - 14
Number Of Units Total 5
MLS Area 014 - Franklin County
Lot Size Units Acres
Lot Size Square Feet 10018.8
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
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 0.23
Number of Buildings 1
Building Area Total 4250.0
Lot Size Acres 0.23
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 10
Total Baths 5
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Internal Only
Street Number 1 506
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* Excluded Features
List By
Lifstyl Real Estate

Broker

kypeacehomes@yahoo.com

Email

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$3,694
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Monthly Principal & Interest
$3,694
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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
3289530 Elementary School
3292813 Middle School
Franklin Co High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$599,900 Listed Price

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506 Steele Street # 1-5, Frankfort, KY, 40601 is a Multi-Family Home for sale at $599,900 with 4,250 sqft and a lot size of 0.23. 506 Steele Street # 1-5 has 10 bedrooms, 5.0 baths, and was built in 1926. The property's zip code is 40601 which is in Frankfort, KY