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    421 Fairview Ave Franklin, KY 42134

    New
    For Sale
    $375,000

    Multi-Family - Franklin, KY

    Type:Multi Family
    Lot size:
    2.13 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 421 Fairview Ave

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    012-00-05-020.00
    Lot size
    2.13 Acres

    Building Details

    Architectural style
    Other

    Crye-Leike Executive Realty (270) 781-3377 [email protected]

    Listing agent Stacy House (270) 781-3377 License #251746

    Listing date Dec 1, 2025

    MLS# RA20256306 Listing URL

    Copyright © 2025 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Ready Land Parcel

    This 2.13-acre parcel, located in Franklin, Kentucky, is zoned R3 and suitable for multi-family residential development, such as townhomes or multi-family housing. The property is located within the rapidly growing Franklin community. The property consists of 5 parcels being sold as a whole. City-approved development plans are already in place for 20 units. The land offers convenient access to I-65, schools, shopping, and employment centers. Utilities are available at the road, and all development plans have been approved. The property is located at 421 Fairview Avenue, Franklin, KY 42134.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.598154
    Latitude
    36.7192676

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    FAQs

    What type of property is this?
    Land - 2.13 acre R3 zoned land with approved development plans.
    Where is this land located?
    The property is located at 421 Fairview Ave Franklin, KY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - City-approved development plans for 20 units already in place.; - Zoned R3, ideal for multi-family residential development (townhomes or multi-family housing).; - Located in rapidly growing Franklin, Kentucky with strong rental demand.
    (270) 781-3377
    Request Owner's contact information
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    Franklin, KY 42134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Fairview Ave Franklin, KY 42134
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