357 Wallace Ave Frankfort, KY 40601
Estimated payment $910/month
About This Home
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. Property can be combined as part of a portfolio with 309 Virginia, Frankfort.
Listing Agent
M Scott Peace
Lifstyl Real Estate License #240444 Listed on: 03/30/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Home Design
- 1,500 Sq Ft Home
- Duplex
- Shingle Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Parking Spaces
- Paved Parking
Schools
- Second St Elementary School
- Second St Middle School
- Frankfort High School
Utilities
- Cooling Available
- Heating Available
Community Details
- Berry Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 061-43-13-003.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $570 | $124,900 | $8,000 | $116,900 |
| 2024 | $373 | $80,000 | $0 | $0 |
| 2023 | $379 | $80,000 | $0 | $0 |
| 2022 | $970 | $80,000 | $0 | $0 |
| 2021 | $381 | $80,000 | $0 | $0 |
| 2020 | $178 | $80,000 | $8,000 | $72,000 |
| 2016 | $173 | $37,000 | $8,000 | $29,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $160,000 | 0.0% | $107 / Sq Ft | |
| 03/17/2026 03/17/26 | Pending | -- | -- | -- | |
| 03/13/2026 03/13/26 | For Sale | $160,000 | +100.0% | $107 / Sq Ft | |
| 02/14/2020 02/14/20 | Sold | $80,000 | 0.0% | $51 / Sq Ft | View Prior Sale |
| 01/31/2020 01/31/20 | Pending | -- | -- | -- | |
| 12/07/2019 12/07/19 | For Sale | $80,000 | -- | $51 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 26004860
APN: 061-43-13-003.00
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Ask me questions while you tour the home.