Two-Unit Short-Term Rental
For Sale
$860,400
511-513 Capital Avenue, Frankfort, KY 40601
Business Opportunity, Frankfort, KY
Property Size4,255 SF
Lot Size0.30 Acres
Price / SF$202.21
Days on Market96
Property Features for 511-513 Capital Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
South Frankfort
Directions
From Louisville Rd (US 60) at US 127, drive easy on Louisville Rd for 0.7 bear left onto Lafayette, Dr. in 0.3 mile turn left onto Shelby St. In 0.1 mile turn right onto State St. In 500 ft enter the traffic circle and take the 3rd exit onto Capital Ave. House is 0.2 mile on right. From East Main St (US 60) on Capital Ave, proceed across the Capital Ave Bridge for 0.5 mile on Capital Ave, make a U-turn and arrive at the home on the right.
Standard status
Active
APN
062-32-03-020.00
Size
4,255 SF
Lot size
0.30 Acres
Utilities
Heating system
Heat Pump (Heating), Natural Gas, Forced Air, Zoned
Cooling system
Multi Units, Electric, Heat Pump, Zoned
Amenities
patio
BBQ area
outdoor communal seating
fire pit
off-street parking
Listing Agency:
Marshall Lane Real Estate
(502) 682-1226
Listed By:
Mike Barnes
(502) 320-1186
Added: Jul 10
Changed: Oct 12
Last Checked: Oct 13 at 8:06AM
MLS# 26017337
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 two-unit guesthouse property contains 4,255 square feet on a 0.2964-acre lot. Each residence has three bedrooms, two full bathrooms, one half bathroom, a kitchen, living space, and a dining area. Separate entrances serve the two units. The shared outdoor area includes a patio, barbecue space, communal seating, and a fire pit. The residence at 511 Capital Avenue will transfer furnished and staged; the source does not state the same for the other unit.
The property is at 511-513 Capital Avenue in Frankfort, Kentucky. Off-street parking is available. Heating includes natural gas, forced air, zoned controls, and heat pumps; cooling is electric, zoned, and served by multiple heat-pump units.
The configuration is described for short-term rental or guesthouse use, with corporate lodging and other hospitality uses also identified as possibilities.
The property is at 511-513 Capital Avenue in Frankfort, Kentucky. Off-street parking is available. Heating includes natural gas, forced air, zoned controls, and heat pumps; cooling is electric, zoned, and served by multiple heat-pump units.
The configuration is described for short-term rental or guesthouse use, with corporate lodging and other hospitality uses also identified as possibilities.
Key Highlights
- Two guesthouse units with separate entrances
- 4,255 square feet on a 0.2964‑acre lot
- Each unit has 3 bedrooms, 2 full bathrooms, 1 half bathroom, a kitchen, living area, and dining area
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
757
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Separate entrances, in-unit kitchens, and shared outdoor gathering areas support guest stays in both residences.
Where is this short term rental property located?
The property is located at 511-513 Capital Avenue Frankfort, KY.
What is the asking price?
The asking price for this property is $860,400.
What are key features of this property?
This property features: Two guesthouse units with separate entrances; 4,255 square feet on a 0.2964‑acre lot; Each unit has 3 bedrooms, 2 full bathrooms, 1 half bathroom, a kitchen, living area, and dining area
