Two-Residence Short-Term Rental
For Sale
$1,123,000
315 W 3rd St, Frankfort, KY 40601
Historic property with separate guest accommodations, updated kitchens, private garage parking, and an existing Airbnb setup.
Property Size5,824 SF
Price / SF$192.82
Days on Market95
Property Features for 315 W 3rd St
General Information
Standard status
Active
Size
5,824 SF
Total Parking Spaces
2
Property subtype
Commercial
Units
Unit Mix
1 x 5BR/3.5BA, 1 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1904
Buildings
2
Listing Agency:
Marshall Lane Real Estate
(859) 948-4431
Listed By:
Jennifer Woods
Source:
Centralkyhomesforsale
Added: May 29
Changed: Aug 30
Last Checked: Aug 30 at 1:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marshall Lane Real Estate
Investment Insights
Based on property information with market context.
Located in historic South Frankfort, this 1904 property includes two separate residences with distinct layouts and private garage access. The main home contains 4,224 square feet, five bedrooms, 3.5 bathrooms, six fireplaces, original hardwood flooring, crown molding, a carved staircase, high ceilings, and a first-floor primary suite. Its kitchen has granite countertops and stainless steel appliances, while the refinished wraparound porch adds substantial outdoor space.
The detached guest house provides 1,600 square feet with three bedrooms and 1.5 bathrooms. It is fully furnished, includes a granite-counter kitchen with stainless steel appliances, and has a new roof. The guest house is currently listed as an Airbnb. A connected two-car garage has exterior-only access and can serve the main residence. The two-home configuration supports continued short-term rental use, owner occupancy with rental income, or exploration of a bed and breakfast concept, subject to verification of zoning, permitting, licensing, and intended use.
The detached guest house provides 1,600 square feet with three bedrooms and 1.5 bathrooms. It is fully furnished, includes a granite-counter kitchen with stainless steel appliances, and has a new roof. The guest house is currently listed as an Airbnb. A connected two-car garage has exterior-only access and can serve the main residence. The two-home configuration supports continued short-term rental use, owner occupancy with rental income, or exploration of a bed and breakfast concept, subject to verification of zoning, permitting, licensing, and intended use.
Key Highlights
- Two separate residences at 315 W 3rd St in historic South Frankfort
- Main residence offers 4,224 square feet, 5 bedrooms, and 3.5 bathrooms
- Guest house contains 1,600 square feet with 3 bedrooms and 1.5 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Historic property with separate guest accommodations, updated kitchens, private garage parking, and an existing Airbnb setup.
Where is this short term rental property located?
The property is located at 315 W 3rd St Frankfort, KY.
What is the asking price?
The asking price for this property is $1,123,000.
What are key features of this property?
This property features: Two separate residences at 315 W 3rd St in historic South Frankfort; Main residence offers 4,224 square feet, 5 bedrooms, and 3.5 bathrooms; Guest house contains 1,600 square feet with 3 bedrooms and 1.5 bathrooms
