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About This Home
This 10-bedroom, 5-bathroom multi-family at 506 Steele Street in Frankfort, KY is listed for $599,900 ($141 per sqft). Built in 1926, the home offers 4,250 sqft of living space on a 0.23 acres lot.
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.
Key Features
- Built in 1926
- 0.23 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,208/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
506 Steele Street
Frankfort, KY 40601
Capital View
Property Details
Heating
Cooling
Questions & Answers
This 10-bedroom, 5-bathroom multi-family at 506 Steele Street is listed at $599,900 ($141/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.23 acre lot.
This property is listed by M Scott Peace and can be reached at 5129212794 or kypeacehomes@yahoo.com.
