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Price Drop: $74.1K (10/01)
Street View
$499,900
Monthly Est:$2,488
10 Beds
5 Baths5 full baths
4,250sqft
506 Steele St #1-5, Frankfort, KY 40601
$499,900
$2,488/moEst:
Get Pre-Approved
Apartment
Built in 1926
$-- HOA
0.23 acre lot
$118/sq.ft
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.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 1, 2026 at 7:33 pm
- Listing Provided by: M Scott Peace (512) 921-2794 | Lifstyl Real Estate (859) 278-7501
- Source: Lexington Bluegrass AOR (Imagine) MLS-KY | MLS#: 26011504
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1926
HOA Fees
-
Finished Area
4,250 sqft
Lot Size
0.23 acre lot
Basement Area
- sqft
MLS Name
Lexington Bluegrass AOR (Imagine) MLS
MLS Number
26011504
MLS Status
Pending
Days on Market
138
Cumulative Days on Market
134
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 5
Interior
Heating
Electric
Cooling
Central Air
Other Features
Subdivision Name
Capital View
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Pending | $499,900 $118/sqft |
08/20/2026 Source: | Listed for Sale | $499,900 -12.91% $118/sqft |
06/23/2026 Source: | Price Decreased | $574,000 -4.32% $135/sqft |
05/21/2026 Source: | Listed for Sale | $599,900 $141/sqft |
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Based on information from the IMAGINE MLS® through Oct 06, 2026, 10:30AM. Copyrighted by the Imagine MLS®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data on this website is deemed reliable but is not guaranteed accurate by the MLS. © 2026 IMAGINE MLS®. All Rights Reserved.
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