5-Unit Multifamily
For Sale
$499,900
506 Steele St Unit 1-5, Frankfort, KY 40601
Four apartments include private sunrooms, complemented by a distinct penthouse residence.
Property Size4,250 SF
Price / SF$117.62
Days on Market177
Property Features for 506 Steele St Unit 1-5
General Information
Standard status
Active
Size
4,250 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA, 1 x Penthouse
Multifamily Units
5
Additional Details
Gross Income
$51,840
Amenities
private sun room
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Lifstyl Real Estate
Listed By:
M Scott Peace · License #240444
(859) 475-0919
Source:
Centralkyhomesforsale
Added: Apr 9
Changed: Oct 1
Last Checked: Oct 1 at 11:32AM
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 Lifstyl Real Estate
Investment Insights
Based on property information with market context.
This 5-unit multifamily building contains four 2-bedroom, 1-bathroom apartments, each with a private sunroom, plus a separate penthouse unit. Built in 1926, the property totals 4,250 square feet and has a characterful exterior.
The building is on Steele Street in Frankfort, within walking distance of the Kentucky State Capitol and downtown amenities.
The building is on Steele Street in Frankfort, within walking distance of the Kentucky State Capitol and downtown amenities.
Key Highlights
- Five residential units, including four 2‑bedroom, 1‑bathroom apartments and a penthouse
- Each of the four standard apartments has a private sunroom
- 4,250 square feet; built in 1926
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 40601, KY
52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments include private sunrooms, complemented by a distinct penthouse residence.
Where is this apartment building located?
The property is located at 506 Steele St Unit 1-5 Frankfort, KY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five residential units, including four 2‑bedroom, 1‑bathroom apartments and a penthouse; Each of the four standard apartments has a private sunroom; 4,250 square feet; built in 1926
