357 Wallace Ave, Frankfort, KY 40601
SOLD
JUN 12, 2026

357 Wallace Ave
Frankfort, KY 40601

  • 4 Beds
  • 2 Baths
  • 1,500 sqft

$132,000

Last Sold: Jun 12, 2026
12% below list $150K
$88/sqft

$132,000

Last Sold: Jun 12, 2026
12% below list $150K
$88/sqft
4 Beds
2 Baths
1,500 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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. Showing notice of 48 hours required to view this property
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 15, 2026

Home Highlights

Parking
4 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$88/sqft
Listed
99 days ago

Home Details for 357 Wallace Ave

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1500 Square Feet
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric

Exterior Features

Exterior Home Features
Roof: Shingle
Parking & Garage
No Attached GarageParking Spaces: 4Parking: Paved

Property Information

Year Built
Year Built: 1988
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Not a New ConstructionAttached To Another Structure
Property Information
Parcel Number: 0614313003.00

Price & Status

Price
List Price: $150,000Price Per Sqft: $88/sqft
Status Change & Dates
Off Market Date: Tue May 12 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: FrankfortCommunity: Berry Hill
School Information
Elementary School: Second StJr High / Middle School: Second St MiddleHigh School: FrankfortHigh School District: Franklin County - 14

Building

Building Area
Building Area: 1500 Square Feet

Miscellaneous

Mls Number: 26004860
Last check for updates: about 17 hours ago
Listed by M Scott Peace, (512) 921-2794
Lifstyl Real Estate
James O'Connell, (502) 545-3016
Lifstyl Real Estate
Bought with: Angelica Hebert, (502) 316-5684, Lifstyl Real Estate
Source: Imagine MLS, MLS#26004860

Price History for 357 Wallace Ave

DatePriceEventSource
06/12/2026$132,000Sold
Imagine MLS #26004860
05/12/2026$150,000PendingImagine MLS #26004860
05/09/2026$150,000PendingToActiveImagine MLS #26004860
05/02/2026$150,000PendingImagine MLS #26004860
04/17/2026$150,000PriceChange
Imagine MLS #26004860
03/30/2026$160,000PendingToActiveImagine MLS #26004860
03/17/2026$160,000PendingImagine MLS #26004860
03/13/2026$160,000Listed For SaleImagine MLS #26004860
06/25/2020$625ListingRemovedAgent Provided
06/11/2020$625Listed For RentAgent Provided
02/14/2020$80,000Sold
Imagine MLS #1927642
02/13/2020$84,900PendingAgent Provided
01/22/2020$84,900PendingToActiveAgent Provided
01/15/2020$84,900PendingAgent Provided
12/07/2019$84,900Listed For SaleAgent Provided
02/13/2009$31,000Sold
Imagine MLS #818683

Market trends in Frankfort

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$249K
$10.08KMoM
Sale-to-List Price
97.6%
0.2%MoM
Price per sq ft
$158
$8MoM
Available listings
178
8MoM
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Property Tax and Assessment

Year2020
Tax$451
Assessment$80,000
Home facts updated by county records

Homeowner tools

Estimated monthly rent$801/mo
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Homes for rent near 357 Wallace Ave

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Comparable Sales for 357 Wallace Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
309 Virginia Ave, Frankfort, KY
0.08
Multi-Family Home
$180,000
05/08/26
4
2
1,800
143-145 Wallace Ave, Frankfort, KY
0.34
Multi-Family Home
$130,000
05/29/26
4
2
1,568
111-113 Adair St, Frankfort, KY
0.14
Multi-Family Home
$190,000
08/19/25
3
2
2,290
551-553 Williamsburg Rd, Frankfort, KY
1.13
Multi-Family Home
$220,000
01/16/26
4
2
1,472
723-725 Brawner St, Frankfort, KY
0.90
Multi-Family Home
$112,500
05/11/26
2
2
1,100
726-728 Cline St, Frankfort, KY
0.98
Multi-Family Home
$125,000
05/22/26
2
2
1,856
507-509 Williamsburg Rd, Frankfort, KY
1.06
Multi-Family Home
$226,000
08/01/25
4
2
1,800
22 Harmony Landing Ct, Frankfort, KY
1.64
Multi-Family Home
$299,000
11/20/25
4
2
1,750
716 Fields Ave #718, Frankfort, KY
0.61
Multi-Family Home
$175,000
07/11/25
4
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 357 Wallace Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Frankfort

At least 326 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 84 % Say parking is easy

  • 78 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 70 % Say kids play outside

  • 69 % Say there's holiday spirit

  • 62 % Say people would walk alone at night

  • 57 % Say there's wildlife

  • 56 % Say it's quiet

  • 55 % Say neighbors are friendly

  • 49 % Say there are sidewalks

  • 47 % Say they plan to stay for at least 5 years

  • 45 % Say streets are well-lit

  • 39 % Say it's walkable to restaurants

  • 32 % Say it's walkable to grocery stores

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "My neighborhood consists of a diverse group of people with a mutual focus on individuality and community! It’s a great action-based community!"
    0
    Flag
  • Denniscoleman434
    "Good place and I’ve been I here almost a year I’m from Virginia and it’s quiet and no one really bothers anyone "
    0
    Flag
  • Jackie.richie54
    "Dog owners would love this neighborhood because most dogs know each other and play with each other and neighbors look out for all animals "
    0
    Flag
  • Grant Thompson
    "Quick and painless with multiple routes to downtown. Versailles Rd, the east west connector, and US127 give fast access in or out of the downtown area. "
    0
    Flag
  • Francelene Jeanty
    "Not sure at all. I just live here don’t really know anyone to say it it is unique or not. Too many rules can’t really live a peaceful "
    0
    Flag
  • Spy6sjddv5
    "They would love the walk around the capital and the chance the see the governor walking his dog. The flowers and the trees blooming"
    0
    Flag
  • Radell Freeman
    "Don’t move here with your dog you nor your dog will like it here! This place is a dump and no one cleans after their pets and sometimes you see aggressive dogs running around loose it’s crazy"
    0
    Flag
  • bsharp1961
    "Easy access to everything…. Public transportation available. Bad parts of town are limited. Local police do a good enough job."
    0
    Flag
  • Lazman3
    "Lived here 8 years nice place to live and work plenty of shopping and restaurants dog friendly kid friendly "
    0
    Flag
  • Stephanie.ethington
    "Summer concert series , walking distance from downtown , safe sidewalks , bike trails , bike lanes , kid friendly , lots of shopping amenities , "
    0
    Flag
  • bsharp1961
    "No sidewalks, cars zip by you dangerously, and pay no heed to stop signs….as you walk your dog through the neighborhood, you’ll notice many other dogs that are stuck in the backyard. That never gets a walk, some never come inside the house…."
    0
    Flag
  • Kim Tompkins
    "Close to everything I need and not far from anywhere I want to go. It’s in between two major highways and is a nice neighborhood in front of farmland. It’s the best."
    2
    Flag
  • Kyffin B.
    "Commute is traffic friendly. Even during rush hour the commute is tolerable. There are multiple routes to the major roads which make this possible. Detours are common during any construction and are well thought out. "
    1
    Flag
  • Linsey W.
    "my daily commute is always smooth and quick usually no problems and always feel safe! Everyone is always so friendly! I do the commute from Frankfort to Versailles everysyff fun been"
    0
    Flag
  • Yvonnesherrick
    "I am not sure for most part Frnkfort is a good area to raise kids. other than that schools are good too"
    0
    Flag
  • Destinie.harris
    "While Frankfort has beautiful scenery you won’t find anywhere else, that and lower cost of living are the only positives I’ve found since living here. I’m originally from Versailles (which doesn’t have a Walmart), and I feel like that says a lot. My area constantly smells like sewage due to the little creek nearby. It’s very noisy almost all day between sirens every hour, people setting off their own car alarms every time they go to their car, fireworks and gunshots (yep, uh huh), and college students. "
    33
    Flag
  • Myke P.
    "I do enjoy my neighborhood for the most part. My neighbors keep to themselves but are friendly when we do have conversations. Neighbors from the apartment complex do get a little nosey at times."
    5
    Flag
  • Tdw8989
    "I've lived here almost two years, it seems safe & a friendly & nice area... Its also a nice area that we in... "
    5
    Flag
  • Caroline C.
    "It’s fine for dogs I guess but not all that walkable one general. The sidewalks are often jacked up and there are trashy people sitting outside on their porches that will catcall and cause a scene. "
    0
    Flag
  • Trulia User
    "there are a lot of open spaces for dogs to run. and play in the city and country. but not many renters will allow pets. "
    0
    Flag
  • Jen S.
    "we tend to stay close to home. we live two blocks from the Capitol and there is always something going on there plus we are close to downtown and go there when we have the chance. we love going to the farmer's market."
    4
    Flag
  • Christa Q.
    "You can get anywhere in town in under 10 min. There is easy access to the interstate from either side of town. "
    3
    Flag
  • Horsman1412
    "Nice small town. I’ve lived here for fifteen years nice place to raise a family. Close to Lexington and Louisville "
    0
    Flag
  • Sarah B.
    "I lot of people cut though this neighborhood to avoid lights which causes lots of traffic and there isn't any sidewalks."
    0
    Flag
  • Gemturner94
    "it’s a quiet, small town but it’s in the middle of kentucky’s main cities (lexington and louisville) so location is great "
    0
    Flag
  • Jeantyfrancelene
    "I lived in this neighborhood for 1 year and every is very friendly And stay to themselves must of the time "
    2
    Flag
  • Gemturner94
    "The town is dead quiet as soon as it’s dark out there’s really no party scene compared to Lexington or Louisville "
    5
    Flag
  • Mommakatie1979
    "that there is poo bags an that if ppl clean after there anmials an there dogs can have place to run an play.."
    0
    Flag
  • Amandajo70
    "Neighbors help each other out when needed. We used to have neighborhood kids hanging around all the time, & we'd eat dinner at each other's houses. There are a lot of good people around here! "
    5
    Flag
  • Jdbrew2
    "We live in a multigenerational neighborhood in which we watch after each other and try to hold get-togethers regularly. "
    2
    Flag
  • Gcurry1313
    "Don’t live near the capital. Not a safe place for families. The old capital is ok to walk around at night, but make sure your in a group."
    0
    Flag
  • Gcurry1313
    "They have car shows all the time and they have family events like trunk or treating. A lot of people Pokémon go by the old capital and are very friendly. "
    0
    Flag
  • Mamabamomma
    "Near public transportation bus line. Between East West Connector and Louisville Rd. Great to bike anywhere in Frankfort. Good local dining, and Parks."
    0
    Flag
  • Paige W.
    "Most of the neighborhood is nice. The apartments are not as nice but still livable. Close to parks and schools"
    0
    Flag
  • Em
    "These places look great now!!! I have spoken to the owner of the building several times, personally. He is a family man and takes pride in in properties. Looks 100 percent better. "
    0
    Flag
  • Anonymous
    "the rent is going up while the value and cleanliness goes down.. drugs have hit this area hard over the passed 10 years.. kids csnt even play outside, anything left out is gone forever.. "
    0
    Flag
  • Whitney S.
    "The subsidized housing is behind this neighborhood. Therefore, they jump the fence and walk through Crestwood. This has led to multiple thefts/break-ins/stolen property. Luckily we’re just renting. The neighbors are wonderful people. It’s the foot traffic that’s the issue. "
    1
    Flag
  • Dolph D.
    "Very nice neighborhood is South Frankfort.Parks,dog walking everywhere. Neighbors know each other and our friendly !"
    3
    Flag

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IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
357 Wallace Ave, Frankfort, KY 40601 is a 4 bedroom, 2 bathroom, 1,500 sqft multi-family built in 1988. This property is not currently available for sale. 357 Wallace Ave was last sold on Jun 12, 2026 for $132,000 (12% lower than the asking price of $150,000).