Updated Four-Unit Apartment
For Sale
$469,000
514 Wapping Street, Frankfort, KY 40601
Residential Income, Frankfort, KY
Property Size4,984 SF
Lot Size0.32 Acres
Price / SF$94.10
Days on Market226
Property Features for 514 Wapping Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 2, Bathroom 1
Parking
2
Subdivision
Downtown
Elementary school
Second St
Middle school
Second St Middle
High school
Frankfort
Elementary school district
Frankfort Independent
Middle school district
Frankfort Independent
High school district
Frankfort Independent
Directions
Sits on the dead end side of wapping
Standard status
Active
APN
061-24-01-023.00
Size
4,984 SF
Lot size
0.32 Acres
Utilities
Heating system
Electric (Heating), Natural Gas
Cooling system
Multi Units, Window Unit(s), Central Air, Electric
Amenities
off-street parking
Building Details
Floors in Building
3
Number of units
4
Listing Agency:
Marshall Lane Real Estate
(502) 682-1226
Listed By:
Taylor A Marshall · License #240458
(502) 319-2344
Added: Mar 20
Changed: Oct 12
Last Checked: Oct 31 at 6:06AM
MLS# 26005492
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,984-square-foot quadplex contains four leased apartments with a mix of two-bedroom and one-bedroom layouts. Unit configurations include one two-bedroom, two-bath residence; two two-bedroom, one-bath residences; and one one-bedroom, one-bath residence. Recent capital work includes a newer roof, exterior painting, updated electrical service, and new water heaters. Heating is provided by electric and natural gas systems, while cooling includes central air and individual units.
The property occupies 0.3202 acres in Frankfort’s historic downtown area. Each apartment has views toward the Kentucky River, and the property includes off-street parking. All four units are currently occupied, with tenants responsible for their own natural gas heating.
The property occupies 0.3202 acres in Frankfort’s historic downtown area. Each apartment has views toward the Kentucky River, and the property includes off-street parking. All four units are currently occupied, with tenants responsible for their own natural gas heating.
Key Highlights
- Four leased apartments within a 4,984‑square‑foot quadplex
- Unit mix includes three two‑bedroom apartments and one one‑bedroom apartment
- 100% occupied across all four units
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property with recent roof, electrical, and water-heater improvements.
Where is this quadplex located?
The property is located at 514 Wapping Street 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: Four leased apartments within a 4,984‑square‑foot quadplex; Unit mix includes three two‑bedroom apartments and one one‑bedroom apartment; 100% occupied across all four units
