506 STEELE ST, Frankfort, KY 40601

Building Details

Year Built

1940

Listing agent Tim VanWingerden License #294433

Listing office Van Wingerden Real Estate Advisors

Listing date May 27, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Van Wingerden Real Estate Advisors

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Overview

The offering presents Frankfort Portfolio Apartments, consisting of two separate 9-unit apartment complexes. The unit mix includes five 2-bedroom units and four 1-bedroom units per complex, providing a straightforward residential income configuration.

The properties are located at 506 Steele St in Frankfort, KY. The portfolio structure allows for ownership of two distinct complexes under a single offering.

This asset is well-suited for buyers seeking a residential apartment portfolio with a defined unit mix of 1- and 2-bedroom apartments. For operators and investors, the two-complex layout can offer flexibility in property management while maintaining consistent product types within the overall offering.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Frankfort

County

Franklin

State

Kentucky

Longitude

-84.8784239

Latitude

38.1908781

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FAQs

What type of property is this?

Apartment building - Two 9-unit apartment complexes offer a mix of 1- and 2-bedroom units for residential income buyers.

Where is this apartment building located?

The property is located at 506 STEELE ST Frankfort, KY.

What is the asking price?

The asking price for this property is $1,019,000.

What are key features of this property?

This property features: Frankfort portfolio includes 2 separate apartment complexes; Each complex has 9 units, totaling 18 apartment units; Unit mix includes (5) 2‑bedroom units and (4) 1‑bedroom units in each complex