The layered P2-KB>4Co7O14 oxide has been prepared and characterized by means of X-ray diffraction, electricalconductivity, thermopower, and magnetic measurements. The crystal structure of K4Co7O14 (P63/m space group, Z= 2, a = 7.5171(1) Å, and c = 12.371(1) Å) consists of a stacking of slabs of edge-shared CoO6 octahedra withK+ ions occupying ordered positions in the interslab space, leading to a a07 × a07 supercell. Potential energycalculations at 0 K are in good agreement with the ordered distribution of potassium ions in the (ab) plane. Thisoxide is metallic, and the magnetic susceptibility is of Pauli-type, which contrasts with the Curie-Weiss behaviorof the homologous NaxCoO2 (x 0.6) oxide with close alkali content. The thermopower at room temperature isabout one-third that of polycrystalline Na0.6CoO2.