143-145 Wallace Avenue
Frankfort, KY 40601
$135,000 (Pending)
Beds: 4
Baths: 2
Number of Units: 2
Type: Multi-Unit Residential
Listing #26008717
Don't miss your chance to own this income-producing duplex in the heart of downtown Frankfort! Each unit features 2 bedrooms and 1 full bathroom, offering comfortable living spaces for tenants. Both sides are currently occupied, generating immediate rental income of $710/month (143 Wallace) and $695/month (145 Wallace). Tenants in both units pay all utilities and are responsible for lawn care/mowing. Lease details are as follows: 143 Wallace lease ends 11/30/2026, and 145 Wallace lease ends 3/31/2027. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers excellent potential and convenience to local shops, dining, and amenities. Duplex is tenant-occupied--48-hour notice required for all showings. Schedule your showing today!
Property Features
County: Franklin
MLS Area: 014 - Franklin County
Latitude: 38.201769
Longitude: -84.869491
Subdivision: Downtown
Directions: Holmes Street to Nicol Place to Wallace Avenue.
Full Baths: 2
Heating: Baseboard
Cooling: Window Unit(s)
Total Number of Units: 2
StructureType: Duplex
Stories: 1
Roof: Composition
Lot Size in Acres: 0.105
Lot Size in Sq. Ft.: 4,576
Zoning: Residential
Building Total Area (Sq. Ft.): 1,568
School District: Franklin County - 14
High School: Frankfort
Property Type: RI
Property SubType: Duplex
APN: 061-44-01-006.00
Status: Contingent
$ per month
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Courtesy of:
Home Forward
Home Forward
© 2026 ImagineMLS. All rights reserved.
© 2026 ImagineMLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the ImagineMLS. Real estate listings held by IDX Brokerage firms other than Bluegrass Realty and Investments are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the ImagineMLS. Real estate listings held by IDX Brokerage firms other than Bluegrass Realty and Investments are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
ImagineMLS data last updated at May 2, 2026, 11:32 AM ET
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