514 Wapping St, Frankfort, Kentucky image 1
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514 Wapping St

Frankfort, KY 40601
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$469,000 $1,977/Mo
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Bed 7

Bed

Bath 5

Bath

SqFt4,984

Sqft

SqFt10,350

Sqft(Lot)

00% 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 t heir 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 / 1 Bath - $1,200/month 1 Bedroom / 1 Bath - $750/month (long-term tenant of approximately 20 years) Properties of this quality and location rarely become available. With strong cash flow, historic character, off-street parking, and scenic Kentucky River views from every unit, 514 Wapping Street presents a compelling investment opportunity in the heart of Frankfort.

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Detail Ic Property Details

Property Type : Residential Income

Price : $469,000

AD Id : 91161948

MLS Id : 1728750

Beds : 7

Lot Size : 10,350 Sqft

Living Area Size : 4,984

Year Built : --

County : Franklin

Subdivision: Downtown

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 5

    Room Information

    Has Basement: Yes

  • Roofing Information

    Built-Up, Flat, Shingle

  • Interior Features

    Roof: Built-Up, Flat, Shingle

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Ductless, Central Air Water front: 1

  • Building Information

    Building Area Total: 4984 Construction Materials: Frame Patio And Porch Features: Deck, Patio, Porch Private Pool: No

  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Lot Dimensions: 90X115 Main Square Feet: 10350 Square Feet Lot Size Acres: 0.24 Lot Size Square Feet: 10350 Lot Description: Waterfront

    Property Information

    Subdivision: DOWNTOWN Source Property Type: Residential Income MLS Area Minor: 12-Other Counties Property SubType: Quadruplex

  • Listing Price Information

    Listing Price: $469000

  • Tax Information

    Parcel Number: 061-24-01-023.00 Tax Lot: 9999 Tax Block: 9999

  • Parking Information

    Parking Total: 2

  • Utility Information

    Natural Gas Available, Electricity Connected

  • Location Information

    Direction: Downtown, wapping run into the dead end WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
310 E 2nd St, Frankfort, KY, 40601 $199,995 2 2 1,175 2,700 Sqft

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by IDX Brokerage firms other than ByOwner are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 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 Metro Search, Inc. All Rights Reserved.

ByOwner last updated this listing 09/11/2026 @ 21:21

MLS: 1728750 LISTED BY: Taylor Marshall, Marshall Lane Real Estate 502-319-2344 SOURCE: Greater Louisville Association of REALTORS

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