# 357 Wallace Drive, Frankfort, KY 40601

> **TL;DR:** 4bd/2ba residential multi family, $160,000 ($107/sqft), built 1988, 1,500 sqft.
> A/C. Est. $693/mo. Listed 44 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $160,000 |
| Price/sqft | $107 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 1,500 |
| Year Built | 1988 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 44 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## Nearby Schools

- **Elementary:** Second St
- **Middle:** Second St Middle
- **High:** Frankfort

## Key Amenities

- A/C

## Property Highlights

- Built in 1988
- 4 parking spaces

## Description

### Agent Description
Attention investors! Add a cash-flowing duplex to your portfolio. 357 Wallace is currently rented for $1,520 per month in gross rent, with leases in place through September and October 2026. This 4-bedroom, 2-bath property (2/1 per side) features recent updates, a large yard, and room to grow rents. All utilities are separately metered and paid by the tenants. Property can be combined as part of a portfolio with 309 Virginia, Frankfort.

## Location

- **Address:** 357 Wallace Drive, Frankfort, KY 40601
- **County:** Franklin
- **Neighborhood:** Berry Hill
- **Coordinates:** 38.203784, -84.863864
- **Google Maps:** https://www.google.com/maps?q=38.203784,-84.863864

## Listing Agent

- **Name:** M Scott Peace
- **Brokerage:** Lifstyl Real Estate
- **Phone:** 5129212794
- **Email:** kypeacehomes@yahoo.com

## Primary Photo

![357 Wallace Drive - Primary Photo](http://lh.rdcpix.com/77c6b7146151ca5648ff9bff202890e6l-f731590480r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/357-wallace-drive-frankfort-ky-40601-26004860)*

---

**MLS#:** 26004860 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/357-wallace-drive-frankfort-ky-40601-26004860)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "357 Wallace Drive, Frankfort, KY 40601",
  "description": "Attention investors! Add a cash-flowing duplex to your portfolio. 357 Wallace is currently rented for $1,520 per month in gross rent, with leases in place through September and October 2026. This 4-bedroom, 2-bath property (2/1 per side) features recent updates, a large yard, and room to grow rents. All utilities are separately metered and paid by the tenants. Property can be combined as part of a portfolio with 309 Virginia, Frankfort.",
  "url": "https://www.propertysimple.com/listing/357-wallace-drive-frankfort-ky-40601-26004860",
  "image": "http://lh.rdcpix.com/77c6b7146151ca5648ff9bff202890e6l-f731590480r.jpg",
  "datePosted": "2026-04-24",
  "price": 160000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "357 Wallace Drive",
    "addressLocality": "Frankfort",
    "addressRegion": "KY",
    "postalCode": "40601",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 38.203784,
    "longitude": -84.863864
  },
  "numberOfRooms": 4,
  "numberOfBathroomsTotal": 2,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 1500,
    "unitCode": "FTK"
  },
  "yearBuilt": 1988
}
```