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720 Ridgeview Drive, Frankfort, KY 40601

Existing multifamily asset with RH zoning and an established construction date.

Property Size47,520 SF
Price / SF$124.16
Days on Market55

Property Features for 720 Ridgeview Drive

General Information

Standard status Active
Size 47,520 SF
Class B
Property subtype Retail, Multifamily
Zoning RH
Occupancy 96%
Investment Type Value Add

Building Details

Year Built 1980
Buildings 12
Stories 1
Units 77
Listing Agency: Silvestri Real Estate
Listed By: Robert Jones · License #KY - 241952
Source: Crexi
Added: Jul 7 Changed: Aug 30 Last Checked: Aug 30 at 12:01PM

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 Silvestri Real Estate

Investment Insights

Based on property information with market context.

This multifamily property at 720 Ridgeview Drive comprises 47,520 square feet and was built in 1980. The asset carries RH zoning, providing a defined land-use classification for the property.

Located in Frankfort, Kentucky, the property is positioned within the local multifamily market. The address is 720 Ridgeview Drive, Frankfort, KY 40601.

Key Highlights

  • 47,520‑square‑foot multifamily property
  • RH zoning
  • Built in 1980

Property Analytics

Current Use

Winthrop Court Apartment Complex Pope's Shop Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

153
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Existing multifamily asset with RH zoning and an established construction date.
Where is this multifamily property located?
The property is located at 720 Ridgeview Drive Frankfort, KY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 47,520‑square‑foot multifamily property; RH zoning; Built in 1980
More about this property
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