357 WALLACE DRIVE, FRANKFORT, KY 40601 – Bluegrass Realty and Investments

357 Wallace Drive
Frankfort, KY 40601

$160,000

Beds: 4

Baths: 2

Number of Units:

Type: Multi-Unit Residential

Listing #26004860

Attention investors! Add a cash-flowing duplex to your portfolio. 357 Wallace is currently rented for $1,520 per month in gross rent, with leases in place through September and October 2026. This 4-bedroom, 2-bath property (2/1 per side) features recent updates, a large yard, and room to grow rents. All utilities are separately metered and paid by the tenants. A group showing will be held Sunday, March 15 from 4:00-4:15 PM. Property can be combined as part of a portfolio with 309 Virginia, Frankfort.

Property Features

Location Information

County: Franklin

MLS Area: 014 - Franklin County

Latitude: 38.203784

Longitude: -84.863864

Subdivision: Berry Hill

Directions: Take Old Frankfort Pike to US-421 N/Leestown Rd 10 min (4.8 mi) Turn left onto US-421 N/Leestown Rd Continue to follow US-421 N 20 min (17.0 mi) Continue on East-West Connector to Frankfort 4 min (3.1 mi) Continue on E Main St. Take Holmes St to Collins St 4 min (1.5 mi) Continue on Collins St. Drive to Wallace Ave 1 min (0.1 mi) 357 Wallace Ave Frankfort, KY 40601

Interior Features

Full Baths: 2

Heating: Electric

Cooling: Electric

Exterior Features

StructureType: Duplex

Roof: Shingle

Parking Description: Paved

Lot Size in Acres: 0

Lot Size in Sq. Ft.: 0

Building Total Area (Sq. Ft.): 1,500

School

School District: Franklin County - 14

Elementary School: Second St

Middle School: Second St Middle

High School: Frankfort

Additional Information

Property Type: RI

Property SubType: Duplex

Year Built: 1988

APN: 061-43-13-003.00

Status: Active

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Courtesy of:
Lifstyl Real Estate

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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 March 16, 2026, 8:25 AM ET

357 Wallace Drive Frankfort, KY 40601

$160,000

Property Features

357 Wallace Drive
Frankfort, KY 40601