309 Virginia Avenue
Frankfort, KY 40601

$175,000 (Pending)

Beds: 4
Baths: 2
Number of Units:
Type: Multi-Unit Residential
Listing #26004859
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.
Property Features
Location Information
County: Franklin
MLS Area: 014 - Franklin County
Latitude: 38.203869
Longitude: -84.865265
Subdivision: Victory Subdivision
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 heading into town. Turn right onto Wilkinson Blvd (US-127 N). Continue a short distance, then turn left onto Virginia Ave. 309 Virginia Ave will be on your left. Drive time: ~30-35 minutes from Lexington (depending on traffic).
Interior Features
Full Baths: 2
Heating: Electric
Cooling: Electric
Exterior Features
Lot Size in Acres: 0.001
Lot Size in Sq. Ft.: 40
Building Total Area (Sq. Ft.): 1,800
School
School District: Franklin County - 14
Elementary School: Second St
Middle School: Second St Middle
High School: Frankfort
Additional Information
Property Type: RI
Property SubType: Duplex
Year Built: 1988
APN: 061-43-10-005.00
Status: Pending


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Courtesy of:
Lifstyl Real Estate
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© 2026 ImagineMLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the ImagineMLS. Real estate listings held by IDX Brokerage firms other than Bluegrass Realty and Investments are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
ImagineMLS data last updated at March 17, 2026, 12:33 PM ET