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.