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    Frankfort, KY
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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, KY, we suggest exploring several alternatives: 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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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    1650 Meadowthorpe Ave, Lexington, KY 40511

    $600,000
    5,143 sqft 0.28 AC lot

    Corner-lot multifamily property with long-term tenants and access to New Circle.

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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 two-family homes 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%

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Franklin County

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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: 15023190108
    www.century21simpson.com

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