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    Frankfort, KY
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    Frankfort, KY Residential Income Properties for Sale

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    Historic Short-Term Rental Property
    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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    Renovated Stone Tudor Short-Term Rental
    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
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Residence Short-Term Rental Property
    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
    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
    Two-Unit Duplex

    144-146 Montgomery Avenue, Frankfort, KY 40601

    $240,000
    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
    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
    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
    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
    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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    Apartment Portfolio with Two 9-Unit Complexes
    Apartment Portfolio with Two 9-Unit Complexes

    506 Steele St, Frankfort, KY 40601

    $860,000
    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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    Updated Four-Unit Quadplex
    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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    Brick Duplex
    Brick Duplex

    501-503 Williamsburg Road, Frankfort, KY 40601

    $259,000
    1,989 sqft 0.27 AC lot

    Two matching units offer bedroom-and-bathroom layouts, a carport, and public water and sewer service.

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    Renovated Tudor Short-Term Rental
    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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    Duplex with Newer Roof
    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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    Two-Unit Duplex with Private Balconies
    Two-Unit Duplex with Private Balconies

    27 Harmony Landing Ct Unit A & B, Frankfort, KY 40601

    $280,000
    2,240 sqft

    Fully occupied duplex with updated mechanical systems and off-street tenant parking.

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    Duplex Near Downtown Frankfort
    Duplex Near Downtown Frankfort

    144-146 Montgomery Ave, Frankfort, KY 40601

    $240,000
    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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    Renovated Two-Unit Duplex
    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
    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
    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
    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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    Corner-Lot Duplex
    Corner-Lot Duplex

    501-503 Williamsburg Rd, Frankfort, KY 40601

    $259,000
    1,989 sqft

    Two-unit property with matching two-bedroom, one-bath layouts and an existing rental occupant.

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    Multifamily Property
    Multifamily Property

    720 Ridgeview Drive, Frankfort, KY 40601

    Contact for pricing
    47,520 sqft

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

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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 2 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.

    Frankfort, KY 40601
    Land

    Frankfort, KY 40601

    Estimated value:
    by Request
    158.34 AC lot
    View details

    Frankfort, KY Residential Income Properties Market Trends and Statistics

    Explore 25 residential income properties for sale in Frankfort, KY, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 121,480 square feet of properties for sale, with an estimated market value of $10,327,295.

    Sale prices for residential income properties in Frankfort, KY start at $199,995, averaging $469,422, 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

    Multifamily properties 24
    Duplexes 11
    Quadplexes 5
    Short term rental properties 5
    Apartment buildings 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 $465K

    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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    Most Searched ZIP Codes in Frankfort, KY

    • 40601

    Featured Frankfort Real Estate Agencies

    Realmo connects you with licensed Frankfort CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Simpson and Associates
    1105 Louisville Road Frankfort, KY 40601
    Phone: 15023190108
    www.century21simpson.com

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