Listing provided courtesy of Lifstyl Real Estate- MLS# 26011504
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506 Steele StreetFrankfort, KY 40601
Multi-Family · 10 Beds · 5 Full Baths · 4,250 Sq. ft. | 0.23 Acres$574,000
Active
506 Steele Street Overview
- Time on Site:
- 41 days
- Visits:
- 2
506 Steele is a unique 5-unit multifamily property in a great Frankfort location within walking distance to the Kentucky State Capitol and downtown amenities. The property features four large 2 bedroom, 1 bathroom units with a private sun room, along with a distinctive penthouse unit. This well-built building has strong curb appeal and character that stands out from typical apartment properties. Current rents are $4,320 per month with plenty of upside to raise rents to market rates. Rent roll and financials available on Flex. Property can also be packaged together with 201-203 Campbell for investors looking to expand their portfolio with additional Frankfort multifamily units.
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506 Steele Street Facts & Features
- Type Multi-Family
- Sq. ft. 4,250
- Price/Sq.ft. $135
- Lot 0.23 Acres
Details
General
School Information
- Elementary School: Second St
- Middle Or Junior School: Second St Middle
- High School: Franklin Co
Building Information
- Year Built: 1926
Location/Region
- County Or Parish: Franklin
- MLS Area Major: 014 - Franklin County
- MLS Area Minor: 014 - Franklin County
- Subdivision Name: Capital View
General Information
- Parcel Number: 062-13-17-003.00
- Property Sub Type: Apartment
- Property Type: Residential Income
Interior
Beds/Baths
- Bathrooms Full: 5
- Bathrooms Half: 0
- Bathrooms Total: 5
- Bedrooms Total: 10
Building Interior
- Building Area Total: 4250.0
General Information
- Living Area: 4250.0
- Living Area Source: Listing Agent Measured
Exterior
Lot Information
- Lot Size Acres: 0.23
- Lot Size Area: 0.23
- Lot Size Square Feet: 10018.8
- Lot Size Units: Acres
- Number Of Buildings: 1
General Information
- Number Of Units Total: 5
- Number Of Units Vacant: 1
506 Steele Street Neighborhood
Community
40601 (Frankfort) Demographics
41
Median Age
228
Population Density (per sq. mile)
38%
College Educated
$59,397
Estimated Median Income
13,545
Estimated Total Home Owners
8,107
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.506 Steele Street Monthly Cost
506 Steele Street Market Data
Based on the last 30 days in this zip code
$362,363
Average List Price
$166
Average Price per Square Foot
58
Properties Sold
77
Average Days on Market
210
Properties for Sale
506 Steele Street History
| Date | Value | Agent |
|---|---|---|
| 6/23/2026Source: Imagine MLS/Bluegrass | $574,000 -4.3% |
|
| 5/20/2026Source: Imagine MLS/Bluegrass | May 20, 2026 |