$175,000

309 Virginia Avenue, Frankfort, KY 40601

4 beds |
2 baths |
1,800 sqft

Duplex
Built in 1988
39sqft lot
—— car garage
$97/sqft
Listed 23 days ago

Property Description

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. This property can also be combined as part of a portfolio purchase with 357 Wallace Ave in Frankfort.

Listing Status:: Active
Date Added:: March 30, 2026
Data Last Updated:: April 4, 2026 at 7:38AM
Listing Office:: Lifstyl Real Estate : 859-278-7501
MLS ID:: 26004859

A/C: Electric
Heating: Electric

Originating MLS: Imagine MLS (Bluegrass REALTORS®)
School District: Franklin County - 14
County: Franklin

Zoning: 061-43-10-005.00

Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Lifstyl Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Second Street School

506 W 2nd St, Frankfort, KY, 40601

Grades KG-8

1.06 miles away

Second Street School

506 W 2nd St, Frankfort, KY, 40601

Grades KG-8

1.06 miles away

Frankfort High School

328 Shelby St, Frankfort, KY, 40601

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.