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    Frankfort, KY Multifamily Properties for Sale

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    12 properties
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    Renovated Residential Income Property
    Updated: Jul 10
    Renovated Residential Income Property

    710 Woodland Avenue, Frankfort, KY 40601

    $594,300
    3,299 sqft 0.16 AC lot
    Currently operated as a short‑term rental (STR) stone Tudor cottage just off US 60 in South Frankfort
    Fully renovated with new HVAC, plumbing, electrical, roof, gutters, and siding
    HVAC updates include new gas furnace and A/C for the basement and 1st floor
    Second‑floor HVAC features new heat pumps; cooling includes zoned and electric heat pump systems
    Cooling/heating systems include zoned heating and multi‑unit configuration; off‑street parking included
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    RM-Zoned Mobile Home Park
    Updated: Apr 26
    RM-Zoned Mobile Home Park

    9210 Owenton Road, Frankfort, KY 40601

    $749,900
    1,156 sqft 10.00 AC lot
    10‑acre mobile home park zoned RM with 14 established pads across 4 acres and 12 pads currently occupied
    12 mobile homes total: 10 actively rented with tenants in place; 2 units currently undergoing renovations
    Infrastructure includes 200‑amp electric service to each pad, with a 34' x 34' garage also equipped with water and electric
    Potential for expansion: remaining 6 acres with RM zoning allowing an additional 15‑18 pads
    Recent site improvements include a paved roadway (about 5 years old) and updated water lines on the right side of the park
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    Income Duplex with Commercial Land
    Income Duplex with Commercial Land

    607 Louisville Road, Frankfort, KY 40601

    $290,000
    1,780 sqft 1.81 AC lot

    An income-producing duplex on planned commercial land with frontage and visibility along Louisville Road (US-60).

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    Apartment Portfolio with Two 9-Unit Complexes
    Apartment Portfolio with Two 9-Unit Complexes

    506 STEELE ST, Frankfort, KY 40601

    $973,999
    13,338 sqft

    Two 9-unit apartment complexes offer a mix of 1- and 2-bedroom units for residential income buyers.

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    Four-Unit Multifamily Building
    Four-Unit Multifamily Building

    514 Wapping Street, Frankfort, KY 40601

    $479,000
    4,984 sqft 0.32 AC lot

    Historic four-unit property with multiple outdoor spaces, off-street parking, and large windows capturing downtown and river views.

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    Four-Unit Multifamily with Oversized Living
    Four-Unit Multifamily with Oversized Living

    201-203 W Campbell Street, Frankfort, KY 40601

    $399,999
    3,400 sqft 0.18 AC lot

    Four-unit multifamily with large 1-bedroom/1-bath units and current monthly rents totaling $3,425.

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    South Frankfort Duplex Investment
    South Frankfort Duplex Investment

    208 - 210 Logan, Frankfort, KY 40601

    $285,000
    2,396 sqft 0.04 AC lot

    Two 2BR/1BA units with hardwood floors and fireplaces, each with a full basement and garage-door access.

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    Duplex for Owner-Occupant Use
    Duplex for Owner-Occupant Use

    201 HAWTHORNE Drive, Frankfort, KY 40601

    $275,000
    1,570 sqft 0.20 AC lot

    Duplex offering flexibility to live in one side and rent the other, with a roof approximately seven years old.

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    Two-Bedroom Duplex
    Two-Bedroom Duplex

    413 Logan Street, Frankfort, KY 40601

    $164,900
    2,082 sqft 0.20 AC lot

    Special Capital-zoned duplex with two 2-bedroom units and in-kitchen laundry areas, offered as-is for owner-occupants or investors.

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    Capital-Zoned Duplex with Two Units
    Capital-Zoned Duplex with Two Units

    411 Logan Street, Frankfort, KY 40601

    $164,900
    2,285 sqft 0.07 AC lot

    Two 2-bedroom, 1-bath units with a dedicated laundry area, plus new roof, offered as-is in South Frankfort.

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    Frankfort, KY Fourplex Investment
    Frankfort, KY Fourplex Investment

    304 Quachita Trail, Frankfort, KY 40601

    $374,000
    3,450 sqft 0.21 AC lot

    Fourplex investment property in Frankfort, KY with consistent rental income.

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    Two-Unit Duplex with Vacant Lot
    Two-Unit Duplex with Vacant Lot

    413-415 Hudson Street, Frankfort, KY 40601

    $106,000

    Duplex with two 2-bed, 1-bath units sold as-is, plus an additional vacant lot for parking or expansion options.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 12 Active listings in Frankfort, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Rented Multifamily Property with Parking
    Rented Multifamily Property with Parking

    287 Young Street, Georgetown, KY 40324

    $1,500,000
    1,000 sqft 0.54 AC lot

    An 11-unit rental property in Georgetown with on-site parking and an included vacant lot for expansion.

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    Leased Townhome Portfolio
    Leased Townhome Portfolio

    100 Old Lemons Mill Court, Georgetown, KY 40324

    $1,700,000
    1,152 sqft 0.83 AC lot

    Seven fully leased, newly updated townhomes with 3 bedrooms and 1.5 baths each, offering a turnkey income stream.

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    Versailles Duplex: Investor Opportunity
    Versailles Duplex: Investor Opportunity

    228 Blackhawk Circle, Versailles, KY 40383

    $275,000
    1,872 sqft 0.23 AC lot

    Well-kept duplex in Versailles with strong rental appeal.

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    Mixed-Use Daycare and Apartment Building
    Mixed-Use Daycare and Apartment Building

    380 Amsden Avenue, Versailles, KY 40383

    $600,000
    8,448 sqft 1.15 AC lot

    Daycare with four fully occupied apartment units above, including two 2-bedroom and two 1-bedroom layouts.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Land Off US HWY
    Prime Land Off US HWY

    Briar Creek lot: #1, Lawrenceburg, KY 40342

    $345,500
    2.27 AC lot

    2.27 acres with excellent visibility and easy access.

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    Vacant Land Near Glendale
    Vacant Land Near Glendale

    Tract 2 Bell Cemetery Road, Summersville, KY 42782

    $75,500
    7.00 AC lot

    7 acres of vacant land with utilities near Glendale, KY.

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    Cleared Recreational Land Tract
    Cleared Recreational Land Tract

    Mc Kee, KY 40447

    Contact for pricing
    1.60 AC lot

    Cleared, level tract on Baldwin Road with plank fencing, located near South Fork of the Rockcastle River and Laurel Branch Creek.

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    Land For Sale in McKee
    Land For Sale in McKee

    Mc Kee, KY 40447

    Contact for pricing
    1.68 AC lot

    1.68 acre recreational land with utilities in McKee, Kentucky.

    View details

    Off-Market Properties in Frankfort, KY

    Consider similar Off-Market properties in Frankfort, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6225 Louisville Rd
    MOBILE HOME PARK, TRAILER PARK

    6225 Louisville Rd, Frankfort, KY 40601-9155

    Value Estimation by Request
    13.31 AC lot
    View details

    Frankfort, KY Multifamily Properties Market Trends and Statistics

    Explore 13 multifamily properties for sale in Frankfort, KY, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 43,168 square feet of properties for sale, with an estimated market value of $5,593,998.

    Sale prices for multifamily properties in Frankfort, KY start at $164,900, averaging $508,545, and reaching up to $1,128,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Quadplexes 3
    Apartment buildings 1
    Mobile home & RV parks 1
    Short term rental properties 1

    Demographics Overview

    Population 52K
    Population Growth (5Y) +1.1%
    Median Household Income $67,125
    College Educated 5.0%

    High-Yield Neighborhoods for Investment

    Identify Frankfort submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40601 $500.8K

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $43.09 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Franklin County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Franklin County

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