Frankfort Duplex: Investment
357 Wallace Drive, Frankfort, KY 40601
MULTI_FAMILY - Frankfort, KY
Property size:
1,500 SF- Added:
- Feb 25, 2026
- Days on Market:
- 82
- Last Refresh:
- May 18 at 11:06 am
Property Features for 357 Wallace Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2
- Parking
- 4
- Standard status
- Pending
- APN
- 061-43-13-003.00
- Size
- 1,500 SF
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1988
- Roof type
- Shingle
Listing agent M Scott Peace License #240444 (512) 921-2794
Listing office Lifstyl Real Estate 114 Pasadena Drive, Lexington, KY (859) 278-7501
Listing date Feb 25, 2026
MLS# 26004860
Listing URL
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HighLights
- Currently rented for $1,520 per month with leases in place through September and October 2026, providing immediate cash flow.
- Duplex property with two 2‑bedroom, 1‑bath units, offering investment potential.
- All utilities are separately metered and paid by the tenants, reducing landlord expenses.
- Recent updates enhance the property's appeal and reduce potential maintenance costs.
- Large yard provides outdoor space and potential for future improvements.
- Opportunity to increase rents, suggesting potential for higher returns.
Overview
This multifamily property in Frankfort, Kentucky, presents an investment opportunity with an existing cash flow. The duplex, located at 357 Wallace Drive, features a total of 4 bedrooms and 2 bathrooms, with each side containing 2 bedrooms and 1 bathroom. The property is currently rented for a total of $1,520 per month, with leases extending through September and October 2026. Recent updates have been made to the 1,500 square foot property, which also includes a large yard. Each unit has separate utility meters, and all utilities are paid by the tenants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Frankfort
- County
- Franklin
- State
- Kentucky
- Longitude
- -84.863864
- Latitude
- 38.203784
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FAQs
What type of property is this?
Duplex - Cash-flowing duplex in Frankfort, KY with long-term tenants.
Where is this duplex located?
The property is located at 357 Wallace Drive Frankfort, KY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Currently rented for $1,520 per month with leases in place through September and October 2026, providing immediate cash flow.; Duplex property with two 2‑bedroom, 1‑bath units, offering investment potential.; All utilities are separately metered and paid by the tenants, reducing landlord expenses.
