4-Unit Apartment
New
For Sale
$469,000
514 Wapping St, Frankfort, KY 40601
The four-apartment layout includes three two-bedroom units and one one-bedroom unit.
Property Size4,984 SF
Price / SF$94.10
Days on Market1
Property Features for 514 Wapping St
General Information
Standard status
Active
Size
4,984 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$57,720
Listing Agency:
Marshall Lane Real Estate
Listed By:
Taylor Marshall · License #240458
(502) 319-2344
Source:
Familyrealty
Added: Sep 26
Last Checked: Sep 26 at 3:19PM
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 Marshall Lane Real Estate
Investment Insights
Based on property information with market context.
This 4,984-square-foot quadplex contains four apartments: one with two bedrooms and two bathrooms, two with two bedrooms and one bathroom each, and one with a single bedroom and bathroom. All four units are leased. Recent work includes a newer roof, exterior painting, electrical service updates, and replacement water heaters. Each apartment has a view of the Kentucky River, and off-street parking is available.
At 514 Wapping Street in Frankfort, the property is in the historic downtown area. Tenants pay for their natural gas heating; the owner covers water, electricity, sewer, and trash. The unit mix combines three two-bedroom apartments with a one-bedroom apartment.
At 514 Wapping Street in Frankfort, the property is in the historic downtown area. Tenants pay for their natural gas heating; the owner covers water, electricity, sewer, and trash. The unit mix combines three two-bedroom apartments with a one-bedroom apartment.
Key Highlights
- 4,984‑square‑foot quadplex with four apartments
- All four apartments are leased
- Unit mix: two‑bedroom/two‑bath, two two‑bedroom/one‑bath, and one one‑bedroom/one‑bath
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
869
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - The four-apartment layout includes three two-bedroom units and one one-bedroom unit.
Where is this quadplex located?
The property is located at 514 Wapping St Frankfort, KY.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 4,984‑square‑foot quadplex with four apartments; All four apartments are leased; Unit mix: two‑bedroom/two‑bath, two two‑bedroom/one‑bath, and one one‑bedroom/one‑bath
