506 Steele Street, Unit 1-5, Frankfort, KY 40601

$574,000

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BEDS10 BATHS5 full SQUARE FEET4,250 MLS#26011504

STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCapital View SCHOOLFranklin County - 14

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Property Description

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.

506 Steele Street, Unit 1-5 | MLS# 26011504

This multi-family property located at 506 Steele Street, Unit 1-5, Frankfort, KY 40601 is currently listed for sale with an asking price of $574,000. Steele Street, Unit 1-5 is located within the Franklin County - 14 school district. Search Frankfort real estate on daniel.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Fuel Type: Electric

Heating: Electric

Lot Size: 0.23 Acres

Year Built: 1926

Feature Descriptions

Days on Site: 86

Lot Dimensions: 0.230 acre(s)

Parcel #: 062-13-17-003.00

Local Schools

High School: Franklin Co

Middle School: Second St Middle

Elementary School: Second St

School District: Franklin County - 14

Listed By / Shown By

Listed By

Agency Name: Lifstyl Real Estate

Shown By

Agent Name: Daniel Carmack
Agent Phone: (606) 524-7894
Agency Title: SALLIE DAVIDSON, REALTORS

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Estimated Payment

$ 2,229.43 per month $2,062.01 Principal & Interest $0.00 Property Tax (data not provided by mls) $167.42 Homeowner's Insurance

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506 Steele Street, Unit 1-5, Frankfort, KY 40601

$574,000

SAVE TOUR THIS HOME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/15/2026. The listing information on this page last changed on 08/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 08/15/2026 4:05:28 AM EST) or Imagine MLS (last updated Fri 08/14/2026 11:15:29 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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