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.
Sold for $180,000
$180,000
309 Virginia Ave, Frankfort, KY 40601
4beds
1,800sqft
Duplex
Built in 1988
-- sqft lot
$182,000 Zestimate®
$100/sqft
$1,252 Estimated rent
Home value
$182,000
Estimated sales range
Not available
$1,252/mo
Zestimate® history
Owner options
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$1,146/mo
Est. payment
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Refinished hardwood floorsNew windowsFresh paint
Zillow last checked:
Listing updated:
Listed by:
M Scott Peace 512-921-2794,
Lifstyl Real Estate
Bought with:
Christine Palm, 288685
Haven Homes Group
Source: Imagine MLS,MLS#: 26004859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Electric
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Lot
- Size: 39 Square Feet
- Dimensions: 60 x 70
Details
- Parcel number: 0614310005.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1988
Community & HOA
Community
- Subdivision: Victory Subdivision
Location
- Region: Frankfort
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $72,000
- Annual tax amount: $336
- Date on market: 3/30/2026
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $180,000+2.9%$100/sqft |
Source:  Imagine MLS #26004859 Report a problem | ||
| 4/6/2026 | Pending sale | $175,000$97/sqft |
Source: Imagine MLS #26004859 Report a problem | ||
| 3/30/2026 | Listed for sale | $175,000$97/sqft |
Source: Imagine MLS #26004859 Report a problem | ||
| 3/17/2026 | Pending sale | $175,000$97/sqft |
Source: Imagine MLS #26004859 Report a problem | ||
| 3/13/2026 | Listed for sale | $175,000+159.3%$97/sqft |
Source: Imagine MLS #26004859 Report a problem | ||
| 10/21/2024 | Listing removed | $850 |
Source: Zillow Rentals Report a problem | ||
| 10/3/2024 | Listed for rent | $850+6.9% |
Source: Zillow Rentals Report a problem | ||
| 8/25/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/12/2022 | Price change | $795-6.5% |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/5/2022 | Listed for rent | $850+22.3% |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/11/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/30/2021 | Price change | $695+3% |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/10/2021 | Listed for rent | $675 |
Source:  Keller Williams #20106419 Report a problem | ||
| 1/14/2021 | Sold | $67,500$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $336 -1.7% | $72,000 |
| 2023 | $341 -0.4% | $72,000 |
| 2022 | $343 -2% | $72,000 |
| 2021 | $350 -60.2% | $72,000 |
| 2020 | $878 | $72,000 |
| 2019 | -- | $72,000 |
| 2018 | -- | $72,000 |
| 2017 | $1,123 | $72,000 |
| 2016 | $1,123 | $72,000 |
| 2015 | $1,123 | $72,000 |
Find assessor info on the county website
Neighborhood: 40601
Nearby homes
- $156,7003 bd1 ba-- sqft307 Virginia Ave, Frankfort, KY 40601Off Market
- $60,0001 bd1 ba750 sqft311 Virginia Ave, Frankfort, KY 40601Sold
- $50,0003 bd1 ba1.5k sqft310 Virginia Ave, Frankfort, KY 40601Off Market
- $50,000-- bd-- ba-- sqft310 Virginia Ave, Frankfort, KY 40601Off Market
- $55,500-- bd-- ba-- sqft310 Virginia Ave, Frankfort, KY 40601Off Market
- $131,500-- bd-- ba-- sqft310 Virginia Ave, Frankfort, KY 40601Off Market
- $52,000-- bd-- ba-- sqft336 Wallace Ave, Frankfort, KY 40601Off Market
- $52,000-- bd-- ba-- sqft336 Wallace Ave, Frankfort, KY 40601Off Market
Nearby schools
GreatSchools rating
- 5/10Second Street SchoolGrades: K-8Distance: 1 mi
- 6/10Frankfort High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Second St
- Middle: Second St Middle
- High: Frankfort
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$182,000
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$185,640
- Kentucky
- Franklin County
- Frankfort
- 40601
- 309 Virginia Ave
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