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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
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.
Supplements: ********
More Information MLS# 26005492
Listing Information
Comp Sale YN: No
Property Sub Type: Quadruplex
Status Change Information
Back on Market Date: 2026-06-12
Price Change Timestamp: 2026-05-01T11:34:10Z
Status Change Timestamp: 2026-06-12
Address
Directions: Sits on the dead end side of wapping
Parcel Number: 061-24-01-023.00
County: Franklin
Street Number: 514
Street Name: Wapping
Street Suffix: Street
State: KY
Zip Code: 40601
Contract
Start Showing 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
Current Price: $489,000
Original List Price: 497000
Status: Active
Listing Contract Date: 2026-03-20
List Price: $489,000
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
Interior
Living Area: 4984
Living Area Source: Appraiser
Bathrooms Half: 0
Bedrooms Total: 7
Bathrooms Total: 5
Bathrooms Full: 5
Parking Information
Parking Total: 2
Building
Stories Total: 3
Accessibility Features YN: No
Year Built: 9999
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.
Cooling
Central Air: 1
Electric: 1
Multi Units: 1
Window Unit(s): 1
Heating
Electric: 1
Natural Gas: 1
Parking Features
On Site: 1
Possession
Negotiable: 1
Roof
Dimensional Style: 1
Structure Type
Quadruplex: 1
Building and Property Details
Lot Expansion Potential YN: No
Age of Roof: 3
Unit Details
Number Of Units Vacant: 2
Showing Requirements
Showing Service: 1
Showing Information
Showing Instructions: Sentri box on front door with keys to bottom two units, A and C
Tax Legal
MLS Area Major: 014 - Franklin County
Subdivision Name: Downtown
High School District: Frankfort Independent
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
Listing Office:
Marshall Lane Real Estate
Last Updated: June - 12 - 2026
Information deemed reliable but not guaranteed.


Sellers Disclosure Of Property Condition ›