$497,000

514 Wapping Street, Frankfort, KY 40601

  • 7 beds |
  • 5 baths |
  • 4,984 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

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.

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
April 4, 2026 at 7:38AM
Listing Office:
Marshall Lane Real Estate : 502-682-1226
MLS ID:
26005492
  • A/C: Central AirElectricMulti UnitsWindow Unit(s)
  • Heating: ElectricNatural Gas
  • Parking: On SiteParking spaces: 2
  • Roofing: Dimensional Style
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Frankfort Independent
  • County: Franklin
  • Zoning: 061-24-01-023.00
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Marshall Lane Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Second Street School

506 W 2nd St, Frankfort, KY, 40601

Grades KG-8

0.25 miles away

S

Second Street School

506 W 2nd St, Frankfort, KY, 40601

Grades KG-8

0.25 miles away

F

Frankfort High School

328 Shelby St, Frankfort, KY, 40601

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.