# 514 Wapping Street, Frankfort, KY 40601

> **TL;DR:** 7bd/5ba residential multi family, $497,000 ($100/sqft), 4,984 sqft.
> A/C. Est. $2,154/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $497,000 |
| Price/sqft | $100 |
| Bedrooms | 7 |
| Bathrooms | 5 full |
| Square Feet | 4,984 |
| Lot Size | 13,948 sqft (0.32 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 21 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,154 |
| **Total** | **$2,154** |

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

- 0.32 acre lot
- 3 stories
- 2 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 514 Wapping Street, Frankfort, KY 40601
- **County:** Franklin
- **Neighborhood:** Downtown
- **Coordinates:** 38.199328, -84.882435
- **Google Maps:** https://www.google.com/maps?q=38.199328,-84.882435

## Listing Agent

- **Name:** Taylor A Marshall
- **Brokerage:** Marshall Lane Real Estate
- **Phone:** 5023192344
- **Email:** taylormarshallrealtor@gmail.com

## Primary Photo

![514 Wapping Street - Primary Photo](http://lh.rdcpix.com/1de9ed77163a4046ba2ac68ef50e4529l-f419577371r.jpg)

*48 total photos available on [listing page](https://www.propertysimple.com/listing/514-wapping-street-frankfort-ky-40601-26005492)*

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**MLS#:** 26005492 | **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/514-wapping-street-frankfort-ky-40601-26005492)

---

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