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Duplex with Lower-Level Family Room
New
For Sale
$275,000

10-12 American Way, Frankfort, KY 40601

Residential Income, Frankfort, KY

Property Size3,468 SF
Lot Size0.22 Acres
Price / SF$79.30
Days on Market2

Property Features for 10-12 American Way

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RL _ Low Density Multifamily District
Bedrooms 6
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2
Parking 6
Subdivision Landings
Elementary school Elkhorn Elem
Middle school Elkhorn Middle
High school Franklin Co
Elementary school district Franklin County - 14
Middle school district Franklin County - 14
High school district Franklin County - 14
Directions Main St to Schenkel Lane to Landings Dr to left on American Way; property is first on right
Standard status Active
APN 074-30-07-027.00
Size 3,468 SF
Lot size 0.22 Acres

Utilities

Utilities Electricity Available
Heating system Electric (Heating), Forced Air
Cooling system Central Air

Building Details

Year built 1979
Floors in Building 1
Roof type Composition
Listing Agency: Bluegrass Realty & Investments
Listed By: Harry Carver · License #210314
Added: Oct 6 Last Checked: Oct 7 at 8:06AM
MLS# 26027600

Copyright © 2026 ImagineMLS. 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 duplex contains two three-bedroom residences, with two bathrooms in one unit and one and a half in the other. A lower-level family room and laundry area connect to rear parking. The 3,468-square-foot property sits on 0.2205 acres and was built in 1979.

Both units are fully occupied, and tenants pay their own utilities. The building has electric forced-air heating and central air conditioning, with a composition roof.

Key Highlights

  • Fully occupied duplex with two three‑bedroom residences
  • One unit has 2 bathrooms; the other has 1 1/2 bathrooms
  • 3,468 square feet on a 0.2205‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Parking Lot & Garage Dental Office Skin Care Clinic

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby

Demographics for 40601, KY

52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have three bedrooms, and tenants pay their own utilities.
Where is this duplex located?
The property is located at 10-12 American Way Frankfort, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully occupied duplex with two three‑bedroom residences; One unit has 2 bathrooms; the other has 1 1/2 bathrooms; 3,468 square feet on a 0.2205‑acre lot
More about this property
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