514 Wapping Street Frankfort, KY 40601
7 bed / 5 bath / 4,984 Sq. Ft. / 13,948 Sq. Ft., 0.32 acres lot size / Fourplex
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Rare opportunity to own a historic, income-producing property held by the same family for two generations. This well-maintained asset offers stunning river and downtown views from large windows on every level, along with a second-story balcony to fully enjoy the setting. The property features four thoughtfully laid-out units: First floor: one 2 bed / 2 bath unit and one 2 bed / 1 bath unit Second floor: two 1 bed / 1 bath units The third floor, once used as living space, is currently utilized for storage but offers excellent potential to be converted into a fifth unit, capitalizing on some of the best views in the building. Additional highlights include a private driveway for off-street parking and a spacious rear deck overlooking the beautiful Liberty Hall Gardens, providing a peaceful and scenic backdrop. This versatile property also presents the opportunity to be transformed into a stunning single-family residence. Lovingly cared for over decades, it offers both charm and confidence for its next owner - whether as an investment or a unique personal home.
property details
Type
Fourplex
Status
Active
County
Franklin
Sq. Ft.
4,984
Lot Size
13,948 Sq. Ft., 0.3 acres
Listing Id
26005492
Courtesy Of
Taylor A Marshall - Marshall Lane Real Estate +1 502 682 1226
List Office Phone
+1 502 682 1226
Subdivision
Downtown
Interior Features
Living Area Units
Sq. Ft.
Beds
7
Full Baths
5
Bathrooms Total
5
Exterior Features
Parking
On Site
Stories
3
Parking Spaces
2
Utility & Building Info
Parcel Number
061-24-01-023.00
Cooling
Central Air
Electric
Multi Units
Window Unit(s)
Electric
Multi Units
Window Unit(s)
Heating
Gas Heat
Electric Heating
Electric Heating
Building Area Total
4,984 Sq. Ft.
Price Per Sq Ft
$98
Architectural Style
3+ Story
Price History
| date | event | price | source |
|---|---|---|---|
|
06/12/2026
06/12/2026
|
Active |
$489,000
|
Lexington Bluegrass Association |
|
05/25/2026
05/25/2026
|
Pending |
$489,000
|
Lexington Bluegrass Association |
|
05/01/2026
05/01/2026
|
Active |
$489,000
|
Lexington Bluegrass Association |
|
04/29/2026
04/29/2026
|
Active |
$497,000
|
Lexington Bluegrass Association |
|
04/18/2026
04/18/2026
|
Pending |
$497,000
|
Lexington Bluegrass Association |
|
03/20/2026
03/20/2026
|
Active |
$497,000
|
Lexington Bluegrass Association |
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Market Trends
Source: Constellation1
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