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$479,000

For Sale

5 months ago

514 Wapping St, Frankfort, KY

House

MLS® 26005492

7 Bed

5 Bath

4984 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 4984 sqft
Garage 
Taxes 
Days Active 59
Lot Size 0.3202 Acres
Approx. Age 9999
Avg. Price Per Sqft $96
MLS® Number 26005492

Property Address: 514 Wapping St, Frankfort, KY, 40601-2662

Average square foot calculated using Size range provided by listing agent.

Description

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 / 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.
MLS® Number26005492
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age9999
Basement
DrivewayOn Site
Garage Spaces
HeatElectric, Natural Gas
A/CCentral Air, Electric, Multi Units, Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$479,000List Price
  • Commute

Commute

Starting Address
Destination Address
514 Wapping St, Frankfort, KY

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