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309 Virginia Avenue Frankfort, KY $ 175,000
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309 Virginia Avenue
$ 175,000
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309 Virginia Avenue

Frankfort, KY, 40601
$ 175,000
Bedrooms4 Baths2.0 Sq 1,800

Monthly Estimate*

$ 1,078

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Multi-Family Home for sale in Frankfort, KY

for $175,000 with 4 bedrooms and 2 full baths. This 1,800 square foot home was built in 1988.

Turnkey duplex investment at 309 Virginia Ave in Frankfort featuring extensive 2021 renovations, including new windows, HVAC, roof, water heaters, kitchen cabinets, appliances, fresh paint, and refinished hardwood floors. The property was generating $1,695 per month in gross rent, and unit 309½ was recently vacated and is turnkey ready, making it ideal for a house hack or an opportunity to increase rents. This low-maintenance property offers stable income with market rent potential of $1,800-$2,000 per month ($900-$1,000 per unit), with additional upside if the basement spaces are improved. A group showing will be held Sunday, March 15 from 3:00-3:45 PM, and the property can also be combined as part of a portfolio purchase with 357 Wallace Ave in Frankfort.

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Multi-Family Active

Price

$ 175,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Year Built

1988

Town/City

Frankfort

County/Region

Franklin

MLS | Web ID

26004859
Features
General
Heating Electric
Cooling Electric
Possession Close Of Escrow
Year Built 1988
Property Subtype Duplex
Parcel Number 061-43-10-005.00
County Franklin
New Construction N
Property Type Residential Income
Subdivision Name Victory Subdivision
Full Baths 2
Status Active
Directions Take US-60 W / Versailles Rd out of Lexington toward Versailles. Continue on US-60 W through Versailles toward Frankfort (about 20-25 minutes). As you approach Frankfort stay on Versailles Rd headi
High School Frankfort
City Frankfort
High School District Franklin County - 14
MLS Area 014 - Franklin County
Lot Size Units Acres
Lot Size Square Feet 40.0
Elementary School Second St
Land Lease Y/N N
Middle/Junior High School Second St Middle
MLS Area Minor 014 - Franklin County
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 0.0
Building Area Total 1800.0
Lot Dimensions 60 X 70
Lot Size Acres 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 4
Total Baths 2
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Internal Only
Street Number 1 309
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* Excluded Features
List By
Lifstyl Real Estate

Broker

kypeacehomes@yahoo.com

Email

Affordability Calculator

$1,078
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,078
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3289530 Elementary School
3292813 Middle School
Frankfort High School High School
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Pricing History
DatePricePrice ChangeDescription
3/13/2026$175,000 Listed Price

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309 Virginia Avenue, Frankfort, KY, 40601 is a Multi-Family Home for sale at $175,000 with 1,800 sqft. 309 Virginia Avenue has 4 bedrooms, 2.0 baths, and was built in 1988. The property's zip code is 40601 which is in Frankfort, KY

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