779 Ridgeview Drive #A&B
Frankfort, KY 40601
$349,500
Beds: 6
Baths: 4
Number of Units: 2
Type: Multi-Unit Residential
Listing #26004992
Wonderful opportunity to own a rehabbed and remodeled duplex in northeast Frankfort in Ridgeview Estates. The offering price achieves the magic 1% gross rents compared to the purchase price so keep reading the marketing remarks and details. Each side includes 3 BRs, 2 full BAs, 1 1/2 story townhouse floor plans, with a private driveway on each side with a shared fenced yard in the rear with individual patios. Each unit includes 1554 SF and 3108 SF for the entire building. The owner did all the hard work on the exterior in 2023. All new roof, insulated windows, eaves, soffits, hardiboard, vinyl removal, gutters, and downspouts (invoices available). Unit B is currently vacant and was taken down to the studs for remodeling. All new flooring, kitchen cabinets, countertops, plumbing fixtures, light fixtures, plugs, switches, doorways, finishings, and paint. A new HVAC system was installed in 2025. The owner tested the rental market on Zillow at $1750 per month with the tenants paying their own utilities and he received five applications in 72 hours. It is a beautiful unit and ready for a new tenant. Unit A is currently occupied by the owners and they will vacate before closing. Unit A hasn't been remodeled like Unit B, but it is in very good shape. It does have new kitchen appliances that were purchased in 2025. The owner plans to leave the washer/dryer in Unit A. This unit could reach $1750 with some easy rehab work. This would put your rents at $3500 per month and this is the magic 1% gross rents compared to the purchase price that every investor wants to achieve. Frankfort doesn't have many 3 BR duplexes and almost none that have the exterior completely updated. The owner also had some support work done in the crawl space with some extra jacking to avoid future issues. This building is a must see and provides the value that all investors want to achieve. Professional management available.
Property Features
County: Franklin
MLS Area: 014 - Franklin County
Latitude: 38.221876
Longitude: -84.839714
Subdivision: Ridgeview Estates
Directions: From Ridgeview Drive, head north to 779 Ridgeview Dr on your right
Full Baths: 4
Heating: Electric, Heat Pump
Cooling: Central Air, Electric
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Total Number of Units: 2
StructureType: Duplex
Stories: 2
Roof: Dimensional Style, Shingle
Utilities: Cable Available, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
Parking Description: Paved, Open
Lot Size in Acres: 0.325
Lot Size in Sq. Ft.: 14,174
Building Total Area (Sq. Ft.): 3,108
School District: Franklin County - 14
High School: Franklin Co
Property Type: RI
Property SubType: Duplex
Year Built: 1984
APN: 073-40-04-035.00
Status: Active
$ per month
Year Fixed. % Interest Rate.
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Courtesy of:
Pulliam Realty Group
Pulliam Realty Group
© 2026 ImagineMLS. All rights reserved.
© 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.
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, 4:39 PM ET
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