Historic Short-Term Rental
For Sale
$1,073,000
315 W 3rd Street, Frankfort, KY 40601
Business Opportunity, Frankfort, KY
Property Size5,824 SF
Lot Size0.29 Acres
Price / SF$184.24
Days on Market138
Property Features for 315 W 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
South Frankfort
Directions
From Capital Ave to W Third
Standard status
Active
APN
062-13-13-004.00
Size
5,824 SF
Lot size
0.29 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
fireplaces
wraparound front porch
granite countertops
stainless steel appliances
crown molding
handcrafted carved staircase
soaring ceilings
original hardwood floors
Building Details
Year built
1904
Listing Agency:
Marshall Lane Real Estate
(502) 682-1226
Listed By:
Jennifer Woods · License #221202
(859) 948-4431
Added: Jun 22
Changed: Oct 2
Last Checked: Nov 6 at 6:06AM
MLS# 26014537
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.
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Investment Insights
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This short-term rental property includes two separate residences with distinct layouts and historic residential character. The primary home contains 5 bedrooms and 3.5 bathrooms, along with original hardwood floors, crown molding, a carved staircase, 6 fireplaces, a first-floor primary suite, and a wraparound front porch. Its kitchen is equipped with granite countertops and stainless steel appliances. A separate furnished guest house provides 3 bedrooms and 1.5 bathrooms, plus a renovated kitchen package with granite countertops and stainless steel appliances. The guest house has a new roof and is currently operated as an Airbnb.
A connected two-car garage serves the main residence and has exterior access only. The property was built in 1904 and is located in historic South Frankfort. The configuration supports continued short-term rental use, owner occupancy with separate rental space, or evaluation of a bed and breakfast concept, subject to verification of zoning, permits, licenses, and intended use.
A connected two-car garage serves the main residence and has exterior access only. The property was built in 1904 and is located in historic South Frankfort. The configuration supports continued short-term rental use, owner occupancy with separate rental space, or evaluation of a bed and breakfast concept, subject to verification of zoning, permits, licenses, and intended use.
Key Highlights
- Two separate residences: a 5‑bedroom main home and a 3‑bedroom guest house
- Guest house is furnished, has a new roof, and is currently listed as an Airbnb
- Main residence includes 6 fireplaces, original hardwood floors, and a wraparound front porch
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two separate residences combine historic character, updated kitchens, and an established Airbnb setup in South Frankfort.
Where is this short term rental property located?
The property is located at 315 W 3rd Street Frankfort, KY.
What is the asking price?
The asking price for this property is $1,073,000.
What are key features of this property?
This property features: Two separate residences: a 5‑bedroom main home and a 3‑bedroom guest house; Guest house is furnished, has a new roof, and is currently listed as an Airbnb; Main residence includes 6 fireplaces, original hardwood floors, and a wraparound front porch
