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    Frankfort, KY
    Apartment Building

    Frankfort, KY Apartment Buildings for Sale

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    Apartment Portfolio with Two 9-Unit Complexes
    Updated: May 20
    Apartment Portfolio with Two 9-Unit Complexes

    506 Steele St, Frankfort, KY 40601

    $860,000
    13,338 sqft
    Frankfort portfolio includes 2 separate apartment complexes
    Each complex has 9 units, totaling 18 apartment units
    Unit mix includes (5) 2‑bedroom units and (4) 1‑bedroom units in each complex
    Year built: 1940
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Apartment Building for sale in Frankfort, KY. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Seven-Unit Apartment Portfolio
    Updated Seven-Unit Apartment Portfolio

    100 Old Lemons Mill Court, Georgetown, KY 40324

    $1,700,000
    1,152 sqft 0.83 AC lot

    Fully leased townhome portfolio with three-bedroom layouts and modern updates throughout.

    View details
    10-Unit Apartment Building
    10-Unit Apartment Building

    1117 S Pawnee Trl, Georgetown, KY 40324

    $1,250,000
    8,460 sqft 0.64 AC lot

    Multifamily property with individually metered utilities, paved parking, and a mix of one- and two-bedroom floor plans.

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    136-Unit Garden-Style Apartment Community
    136-Unit Garden-Style Apartment Community

    1340 Alexandria Dr, Lexington, KY 40504

    $3,500,000
    125,000 sqft

    The R-4-zoned community is near the University of Kentucky, UK HealthCare and three Amazon logistics centers.

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    Stone Bridge Apartment Building
    Stone Bridge Apartment Building

    1261 VILLAGE DR, Lexington, KY 40504

    Contact for pricing
    85,600 sqft

    Apartment community built in 1974 within Lexington’s R3 - Planned Neighborhood Residential zoning district.

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    Frankfort, KY Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Frankfort, KY on our real estate platform. These investment opportunities span a total of 13,338 square feet of properties for sale, with an estimated market value of $860,000.

    Sale prices for apartment complexes in Frankfort, KY average $860,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 52K
    Population Growth (5Y) +1.1%
    Median Household Income $67,125
    College Educated 5.0%

    High-Yield Neighborhoods for Investment

    Identify Frankfort submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40601 $680K

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $43.09 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Franklin County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Popular Searches in Frankfort, KY

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    Most Searched ZIP Codes in Frankfort, KY

    • 40601

    Featured Frankfort Real Estate Agencies

    Realmo connects you with licensed Frankfort CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Simpson and Associates
    1105 Louisville Road Frankfort, KY 40601
    Phone: (502) 319-0108
    www.century21simpson.com
    Marshall Lane Real Estate
    112 E Main St. Frankfort, KY
    Phone: (502) 682-6663
    Crumbaugh Real Estate Group
    103 E Main St Frankfort, KY
    Phone: (502) 875-5211
    Why this one?

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