$900,000
Frankfort, KY 40601
MLS# 25504743
Status: Closed
16 beds | 16 baths | 9344 sqft
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Property Description
This well-maintained two-story brick building offers an exceptional investment opportunity in the heart of downtown Frankfort. Comprising 16 updated one-bedroom, one-bath apartment units, the property is located just one block from the Kentucky State Capitol, providing a highly desirable location with strong rental demand. The building is within walking distance of key government buildings, local amenities, and public transportation, making it an attractive choice for both tenants and investors alike. Each unit has been thoughtfully updated with modern finishes, providing functional living spaces that appeal to a wide range of renters. With its prime location and recent updates, this property offers solid long-term investment potential. The brick construction ensures durability, while the property's low-maintenance nature makes it an appealing option for investors seeking a hassle-free income stream. For further details and to request the rent roll, please contact the listing agent.
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Apartment
Status Change Information
Status Change Timestamp: 2026-01-07
Purchase Contract Date: 2025-11-14
Close Date: 2026-01-06
Close Price: 900000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Address
County: Franklin
Street Number: 733
Street Name: Woodland
Street Suffix: Avenue
State: KY
Zip Code: 40601
Directions: 1. Start on I-64 W: If you're coming from the east or west, head toward Frankfort on I-64. 2. Take Exit 58 for US-127 S / US-60 W / Frankfort. 3. Continue on US-127 S: After taking the exit, stay on US-127 S and follow the signs for Frankfort. 4. Turn Left onto W Main St / US-60 W: Continue on US-60 W for about half a mile as you head toward downtown Frankfort. 5. Turn Right onto Woodland Ave: After passing the Capitol, take a right onto Woodland Ave. 733 Woodland Ave will be a short distance down on the left.
Parcel Number: 0621407022.00
Contract
Current Price: $900,000
Original List Price: 1200000
Status: Closed
Start Showing Date: 2025-10-27
Listing Contract Date: 2025-10-27
Sold Price: $900,000
Listing Agreement: Exclusive Right To Sell
Owner Name: Summit Properties Woodland LLC
Owner Phone: 5023521500
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 3333333.33
List Price/SqFt: 128.42
Sold Price/Acre: 2500000
Sold Price/SqFt: 96.32
SP/LP: 0.75
Interior
Bedrooms Total: 16
Bathrooms Total: 16
Bathrooms Full: 16
Living Area: 9344
Living Area Source: Public Records
Parking Information
Parking Total: 32
Building
Year Built: 1978
Stories Total: 2
Accessibility Features YN: No
Lot
Lot Size Acres: 0.36
Lot Size Square Feet: 15681.6
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: This well-maintained two-story brick building offers an exceptional investment opportunity in the heart of downtown Frankfort. Comprising 16 updated one-bedroom, one-bath apartment units, the property is located just one block from the Kentucky State Capitol, providing a highly desirable location with strong rental demand. The building is within walking distance of key government buildings, local amenities, and public transportation, making it an attractive choice for both tenants and investors alike. Each unit has been thoughtfully updated with modern finishes, providing functional living spaces that appeal to a wide range of renters. With its prime location and recent updates, this property offers solid long-term investment potential. The brick construction ensures durability, while the property's low-maintenance nature makes it an appealing option for investors seeking a hassle-free income stream. For further details and to request the rent roll, please contact the listing agent.
Building and Property Details
Building Expansion Potential YN: No
Lot Expansion Potential YN: No
Furniture, Fixtures & Equipment YN: No
Unit Details
Number Of Units Vacant: 1
Showing Information
Showing Instructions: Showing Time, Listing Agent to be present at all showings
Tax Legal
MLS Area Major: 014 - Franklin County
Subdivision Name: Downtown
High School District: Frankfort Independent
Property Features
Utilities: Cable Available; Electricity Available; Sewer Connected; Water Connected; Cable Available; Electricity Available; Sewer Connected; Water Connected
Cooling: Wall Unit(s)
Heating: Baseboard; Other
Laundry Features: None
Listing Terms: Cash; Conventional
Parking Features: Paved
Possession: Close Of Escrow
Roof: Dimensional Style
Showing Requirements: Call Listing Agent; Restricted Hours; Showing Service
Listing Office: Heart of KY Real Estate
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.