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    Frankfort, KY Apartment Buildings for Sale

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    Midway, KY Versailles, KY Lawrenceburg, KY
    Apartment Portfolio with Two 9-Unit Complexes
    $1,019,000
    13,338 SF
    Apartment Portfolio with Two 9-Unit Complexes

    506 STEELE ST, Frankfort, KY 40601

    Two 9-unit apartment complexes offer a mix of 1- and 2-bedroom units for residential income buyers.
    • 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
    Updated: May 27
    View details
    Frankfort Multifamily Investment Opportunity
    $769,900
    6,958 SF
    Frankfort Multifamily Investment Opportunity

    1306 Chinook Trl, Frankfort, KY 40601

    Income-producing multifamily property with eight units in Frankfort, Kentucky.
    • Income‑producing multifamily property with eight total units.
    • Each unit features 2 bedrooms and 1 full bathroom.
    • Conveniently located in Frankfort.
    • Dedicated parking lot for residents.
    • Functional layout designed for everyday living in each unit.
    Updated: Mar 13
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Frankfort, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Renovated Four-Plex Portfolio
    $799,000
    7,056 SF
    Renovated Four-Plex Portfolio

    Two fully renovated four-plexes sold together with eight long-term occupied units and extensive interior and systems upgrades.

    1041-1043 Cross Keys Road, Lexington, KY 40504

    View details
    Versailles Commercial Building with Apartments
    $600,000
    8,448 SF
    Versailles Commercial Building with Apartments

    Commercial building with daycare and apartments in downtown Versailles, KY.

    380 Amsden Avenue, Versailles, KY 40383

    View details
    Versailles Multifamily Investment Opportunity
    $990,000
    6,925 SF
    Versailles Multifamily Investment Opportunity

    Well-maintained 5-unit property near Bluegrass Parkway in Versailles, KY.

    502 Tecumseh Trail, Versailles, KY 40383

    View details
    Lexington Mixed-Use Investment Opportunity
    $2,600,000
    11,000 SF
    Lexington Mixed-Use Investment Opportunity

    Six apartments and two retail storefronts in three buildings.

    109-119 N Mill Street, Lexington, KY 40507

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details

    Frankfort, KY Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Frankfort, KY on our real estate platform. These investment opportunities span a total of 20,296 square feet of properties for sale, with an estimated market value of $1,788,900.

    Sale prices for two-family homes in Frankfort, KY start at $769,900, averaging $894,450, and reaching up to $1,019,000 — 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 $769.9K

    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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    Office

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