514 Wapping Street, Frankfort, KY 40601

• 7 beds |
• 5 baths |
• 4,984 sqft

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:

April 29, 2026

Data Last Updated:

May 20, 2026 at 5:38PM

Listing Office:

Marshall Lane Real Estate : 502-682-1226

MLS ID:

26005492

Interior

• A/C: Central AirElectricMulti UnitsWindow Unit(s)
• Heating: ElectricNatural Gas

Exterior

• Parking: On SiteParking spaces: 2

Construction

• Roofing: Dimensional Style

Location

• Originating MLS: Imagine MLS (Bluegrass REALTORS®)
• School District: Frankfort Independent
• County: Franklin

Lot

• Zoning: 061-24-01-023.00

Financial

• Source: Imagine MLS (Bluegrass REALTORS®)