Apartment Portfolio with Two 9-Unit
For Sale
$860,000
506 Steele St, Frankfort, KY 40601
Two 9-unit apartment complexes offer a mix of 1- and 2-bedroom units for residential income buyers.
Property Size13,338 SF
Price / SF$64.48
Days on Market162
Property Features for 506 Steele St
General Information
Standard status
Active
Size
13,338 SF
Property subtype
Multifamily
Zoning
SC
Additional Details
Multifamily Units
18
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
VanWingerden Real Estate Advisors, LLC
Listed By:
Tim VanWingerden
(859) 699-2096
Source:
Kcrea.resimplifi
Added: May 20
Changed: Oct 25
Last Checked: Oct 28 at 4:44AM
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 VanWingerden Real Estate Advisors, LLC
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Investment Insights
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The offering presents Frankfort Portfolio Apartments, consisting of two separate 9-unit apartment complexes. The unit mix includes five 2-bedroom units and four 1-bedroom units per complex, providing a straightforward residential income configuration.
The properties are located at 506 Steele St in Frankfort, KY. The portfolio structure allows for ownership of two distinct complexes under a single offering.
This asset is well-suited for buyers seeking a residential apartment portfolio with a defined unit mix of 1- and 2-bedroom apartments. For operators and investors, the two-complex layout can offer flexibility in property management while maintaining consistent product types within the overall offering.
The properties are located at 506 Steele St in Frankfort, KY. The portfolio structure allows for ownership of two distinct complexes under a single offering.
This asset is well-suited for buyers seeking a residential apartment portfolio with a defined unit mix of 1- and 2-bedroom apartments. For operators and investors, the two-complex layout can offer flexibility in property management while maintaining consistent product types within the overall offering.
Key Highlights
- Frankfort portfolio includes 2 separate apartment complexes
- Each complex has 9 units, totaling 18 apartment units
- Unit mix includes (5) 2‑bedroom units and (4) 1‑bedroom units in each complex
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Lease Details
18
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
793
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?
Apartment building - Two 9-unit apartment complexes offer a mix of 1- and 2-bedroom units for residential income buyers.
Where is this apartment building located?
The property is located at 506 Steele St Frankfort, KY.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Frankfort portfolio includes 2 separate apartment complexes; Each complex has 9 units, totaling 18 apartment units; Unit mix includes (5) 2‑bedroom units and (4) 1‑bedroom units in each complex
