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Two-Unit Duplex with Covered Parking
For Sale
$289,500

342 Frankfort Rd, Shelbyville, KY 40065

Multi Family, Shelbyville, KY

Property Size3,872 SF
Lot Size0.16 Acres
Price / SF$74.77
Days on Market94

Property Features for 342 Frankfort Rd

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Dining Room, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Basement, Bedroom 2
Patio and Porch features Porch
Exterior features Balcony
Subdivision SOUTHLAWN
Lot features Corner Lot, Sidewalk
Directions I64 to Exit 35. Left onto Mt Eden Road. Right onto Frankfort Road.
Standard status Active
APN S11-07-041A
Size 3,872 SF
Lot size 0.16 Acres

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating)
Water source Public

Amenities

covered parking
washer and dryer

Building Details

Number of units 2
Building materials Vinyl Siding, Wood Frame
Roof type Shingle, Asphalt
Architectural style Other
Listing Agency: Abbot Realty & Auction
Listed By: Teresa K Barnes · License #214916
Added: Jun 8 Changed: Sep 5 Last Checked: Sep 9 at 3:06PM
MLS# 1719937

Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,872-square-foot duplex contains two separate residences on a 0.16-acre lot. The first-floor unit has three bedrooms, a living room, dining room, full bathroom, and updated kitchen. The second-floor unit includes two bedrooms, a living room, dining room, full bathroom, and updated kitchen. Both units feature hardwood in the main living areas, and the appliances convey with the property.

Each residence has a covered parking spot, while the basement provides separate washers and dryers along with additional storage. Water, electric, and gas are separately metered. The property has vinyl siding over wood-frame construction, a shingle and asphalt roof, heat-pump and electric heating, a porch, and a balcony. Public water and public sewer serve the duplex at 342 Frankfort Rd in Shelbyville, Kentucky.

Both units are occupied by month-to-month tenants, and the current tenants are described as long-term occupants. Showings require 24-hour notice.

Key Highlights

  • 3,872 SF duplex on a 0.16‑acre lot
  • First‑floor 3‑bedroom unit and second‑floor 2‑bedroom unit
  • Updated kitchens and hardwood in the main living areas

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Grocery & Convenience Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 40065, KY

32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Separate utilities and laundry facilities support each residence, with public water and sewer serving the property.
Where is this duplex located?
The property is located at 342 Frankfort Rd Shelbyville, KY.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: 3,872 SF duplex on a 0.16‑acre lot; First‑floor 3‑bedroom unit and second‑floor 2‑bedroom unit; Updated kitchens and hardwood in the main living areas
More about this property
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