Frankfort, KY Multifamily Properties for Sale

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23 properties

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Updated: Jun 22

Historic Short-Term Rental Property

315 W 3rd Street, Frankfort, KY 40601

$1,073,000

5,824 sqft 0.29 AC lot

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
Updated kitchens feature granite countertops and stainless steel appliances
Connected two‑car garage with exterior access only

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Updated: Jul 10

Renovated Stone Tudor Short-Term Rental

710 Woodland Avenue, Frankfort, KY 40601

$594,300

3,299 sqft 0.16 AC lot

3,299‑square‑foot stone Tudor cottage
0.1606‑acre lot in South Frankfort
Fully renovated with new roof, gutters, siding, plumbing, electrical, and HVAC
Zoned heating and cooling with natural gas and heat pump systems
Off‑street parking included

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Two-Unit Duplex Property

27 Harmony Landing Court, Frankfort, KY 40601

$280,000

2,240 sqft 0.30 AC lot

Two-story units include eat-in kitchens, living rooms, and private balconies.

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Two-Residence Short-Term Rental Property

315 W 3rd St, Frankfort, KY 40601

$1,073,000

5,824 sqft

Historic property with separate guest accommodations, updated kitchens, private garage parking, and an existing Airbnb setup.

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Mobile Home Park with On-Site Garage

9210 Owenton Road, Frankfort, KY 40601

$749,900

1,156 sqft 10.00 AC lot

RM-zoned mobile home park with 14 pads and utilities in place, plus a 34x34 garage for on-site support.

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Two-Unit Duplex

144-146 Montgomery Avenue, Frankfort, KY 40601

$250,000

1,759 sqft 0.28 AC lot

Income-producing duplex with one occupied residence and one vacant unit available for showings.

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Updated Four-Unit Apartment Building

514 Wapping Street, Frankfort, KY 40601

$469,000

4,984 sqft 0.32 AC lot

Fully leased property with recent roof, electrical, and water-heater improvements.

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Renovated Bed & Breakfast

511-513 Capital Ave, Frankfort, KY 40601

$878,000

4,255 sqft

Host-occupied lodging property with multiple entrances, private suites, kitchens, and off-street parking.

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Income-Producing Duplex

607 Louisville Road, Frankfort, KY 40601

$290,000

1,780 sqft 1.81 AC lot

Existing duplex with bedrooms, bathrooms, laundry space, and forced-air heating plus window and multi-unit cooling.

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4-Unit Multifamily Property

201-203 W Campbell Street, Frankfort, KY 40601

$359,900

3,400 sqft 0.18 AC lot

Four residential units feature one-bedroom layouts with oversized living areas and central air conditioning.

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Renovated Tudor Short-Term Rental

710 Woodland Ave, Frankfort, KY 40601

$594,300

3,299 sqft

Stone cottage with updated building systems, off-street parking, and an established short-term rental operation near Frankfort attractions.

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Updated Four-Unit Quadplex

304 Quachita Trail, Frankfort, KY 40601

$359,500

3,450 sqft 0.21 AC lot

Fully occupied multifamily property with recent roof, gutter, and crawlspace improvements in Frankfort.

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Duplex with Full Basements

208 - 210 Logan, Frankfort, KY 40601

$285,000

2,396 sqft 0.04 AC lot

Well-maintained duplex with separate utility responsibility, hardwood floors, fireplaces, and garage-accessible basement space.

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Duplex Near Downtown Frankfort

144-146 Montgomery Ave, Frankfort, KY 40601

$250,000

1,759 sqft

Two-unit residential property with one vacant unit and one month-to-month tenancy on a low-traffic dead-end street.

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Duplex with Newer Roof

201 HAWTHORNE Drive, Frankfort, KY 40601

$259,000

1,570 sqft 0.20 AC lot

Two-unit property with natural gas heating, central air, and a composition roof approximately seven years old.

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Renovated Two-Unit Duplex

310 E 2nd St, Frankfort, KY 40601

$199,995

1,175 sqft

Two residential units include updated interiors and in-unit laundry hookups.

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Duplex on Planned Commercial Land

607 Louisville Rd, Frankfort, KY 40601

$290,000

1,780 sqft

Income-producing duplex with redevelopment context along a highly visible US-60 corridor in Frankfort.

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4-Unit Quadplex with Recent Updates

304 Quachita Trl, Frankfort, KY 40601

$359,500

3,450 sqft

Fully occupied multifamily property with refreshed exterior and crawlspace improvements near dining, parks, and Frankfort/Lexington Road.

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Four-Unit Multifamily Property

201-203 W Campbell St, Frankfort, KY 40601

$359,900

3,400 sqft

Multifamily property near downtown Frankfort and the Kentucky State Capitol area.

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Two-Unit Duplex with Fireplaces

208 210 Logan, Frankfort, KY 40601

$285,000

2,396 sqft

Each residence includes two bedrooms, one bathroom, hardwood flooring, and a fireplace.

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Apartment Portfolio with Two 9-Unit Complexes

506 STEELE ST, Frankfort, KY 40601

Contact for pricing

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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Multifamily Property

720 Ridgeview Drive, Frankfort, KY 40601

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47,520 sqft

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

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Multi-Tract Mobile Home Park Property

709-731 Holmes, Frankfort, KY 40601

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Three tracts combine mobile-home rental lots, CG-zoned land, and a block building.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 23 Active Listings in Frankfort, KY, we suggest to view alternatives - similar 1 Off-Market properties to explore as potential leads.

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.

MOBILE HOME PARK, TRAILER PARK

6225 Louisville Rd, Frankfort, KY 40601-9155

$275,000

Estimated value

13.31 AC lot

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Frankfort, KY Multifamily Properties Market Trends and Statistics

Explore 24 multifamily properties for sale in Frankfort, KY, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 120,054 square feet of properties for sale, with an estimated market value of $9,259,295.

Sale prices for multifamily properties in Frankfort, KY start at $199,995, averaging $462,964, and reaching up to $1,073,000 — 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

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	$458.2K

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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