514 Wapping Street, Frankfort, KY 40601
New Listing
$489,000
Property Type:
Residential Income
Bedrooms:
7
Baths:
5
Square Footage:
4,984
Lot Size (sq. ft.):
13,950
Status:
Active
Current Price:
$489,000
List Date:
6/12/2026
Last Modified:
6/12/2026
Listing Details MLS# 26005492
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Quadruplex
Status Change Information
- Price Change Timestamp
- 2026-05-01T11:34:10Z
- Status Change Timestamp
- 2026-06-12
- Back on Market Date
- 2026-06-12
Address
- County
- Franklin
- Street Number
- 514
- Street Name
- Wapping
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40601
- Directions
- Sits on the dead end side of wapping
- Parcel Number
- 061-24-01-023.00
Contract
- Original List Price
- 497000
- Start Showing Date
- 2026-03-20
- Listing Contract Date
- 2026-03-20
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 1528125
- List Price/SqFt
- 98.11
Tax Legal
- MLS Area Major
- 014 - Franklin County
- Subdivision Name
- Downtown
- High School District
- Frankfort Independent
Interior
- Bedrooms Total
- 7
- Bathrooms Total
- 5
- Bathrooms Full
- 5
- Living Area
- 4984
- Living Area Source
- Appraiser
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 2
Building
- Year Built
- 9999
- Stories Total
- 3
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.3202
- Lot Size Square Feet
- 13950
- Lot Size Dimensions
- 90 x 115
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- 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.
Building and Property Details
- Lot Expansion Potential YN
- No
- Age of Roof
- 3
Unit Details
- Number Of Units Vacant
- 2
Showing Information
- Showing Instructions
- Sentri box on front door with keys to bottom two units, A and C
Tax & Legal
- Elementary School
- Second St
- Middle Or Junior School
- Second St Middle
- High School
- Frankfort
- Tax Rate
- 1.68
Association/Community
- Number Of Buildings
- 1
- Number Of Units In Community
- 4
- Number Of Units Total
- 4
Cooling
- Central Air
- Yes
- Electric
- Yes
- Multi Units
- Yes
- Window Unit(s)
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Parking Features
- On Site
- Yes
Possession
- Negotiable
- Yes
Roof
- Dimensional Style
- Yes
Structure Type
- Quadruplex
- Yes
Showing Requirements
- Showing Service
- Yes
Property Features
Cooling:
Central Air; Electric; Multi Units; Window Unit(s)
Heating:
Electric; Natural Gas
Parking Features:
On Site
Possession:
Negotiable
Roof:
Dimensional Style
Structure Type:
Quadruplex
Showing Requirements:
Showing Service
Sellers Disclosure Of Property Condition ›
Listing Office:
Marshall Lane Real Estate
Last Updated: June - 12 - 2026
Information deemed reliable but not guaranteed.