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514 Wapping Street, Frankfort, KY 40601

Frankfort
Local realty services provided by:CENTURY 21 Simpson & Associates
514 Wapping Street,Frankfort, KY 40601
$479,000
  • 7 Beds
  • 5 Baths
  • 4,984 sq. ft.
  • Multi-family
  • Active
Listed by: taylor a marshall
Office: marshall lane real estate
MLS#:26005492
Source:KY_LBAR

Price summary

  • Price:$479,000
  • Price per sq. ft.:$96.11

About this home

100% Occupied! Excellent opportunity to acquire a fully leased four-unit investment property in one of Historic Downtown Frankfort's most desirable neighborhoods. This exceptionally maintained property leased all four apartments at market rents in just four days, demonstrating the strong demand for quality rental housing in this location. Owned by the same family for three generations, the building has benefited from numerous recent capital improvements, including a newer roof, professional exterior painting, updated electrical service, and new water heaters. This is a stable, turnkey investment with no known deferred maintenance. Current gross rental income is $4,810 per month ($57,720 annually). Owner pays approximately $500 per month for water, electric, sewer, and trash. Tenants pay their own natural gas heating. Unit Mix: 2 Bedroom / 2 Bath - $1,630/month (tenant also mows the lawn, performs landscaping, and takes trash to the curb) 2 Bedroom / 1 Bath - $1,230/month 2 Bedroom...

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Home facts

  • Year built:9999
  • Listing ID #:26005492
  • Added:130 day(s) ago
  • Updated:July 28, 2026 at 03:15 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:4,984 sq. ft.

Heating and cooling

  • Cooling:Electric, Window Unit(s)
  • Heating:Electric, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:9999
  • Building area:4,984 sq. ft.
  • Lot area:0.32 Acres

Schools

  • High school:Frankfort
  • Middle school:Second St Middle
  • Elementary school:Second St

Finances and disclosures

  • Price:$479,000
  • Price per sq. ft.:$96.11
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