733 Woodland Avenue, Frankfort, KY 40601 (MLS# 25504743)

733 Woodland Avenue, Frankfort, KY 40601

$900,000

Property Type: Residential Income Bedrooms: 16 Baths: 16 Square Footage: 9,344 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $900,000 List Date: 10/27/2025 Last Modified: 2/06/2026

Overview

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.

Listing Details MLS# 25504743

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

Original List Price: 1200000
Start Showing Date: 2025-10-27
Listing Contract Date: 2025-10-27
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

Tax Legal

MLS Area Major: 014 - Franklin County
Subdivision Name: Downtown
High School District: Frankfort Independent

Interior

Bedrooms Total: 16
Bathrooms Total: 16
Bathrooms Full: 16
Living Area: 9344
Living Area Source: Public Records
Bathrooms Half: 0

More Information

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
Cable Available: Yes
Electricity Available: Yes
Sewer Connected: Yes
Water Connected: 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: Yes

Showing Information

Showing Instructions: Showing Time, Listing Agent to be present at all showings

Tax & Legal

Elementary School: Second St
Middle Or Junior School: Second St Middle
High School: Frankfort
Tax Rate: 1.68
Zoning: AR

Association/Community

Number Of Buildings: 1
Number Of Units Total: 16

Cooling

Wall Unit(s): Yes

Heating

Baseboard: Yes
Other: Yes

Laundry Features

None: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Dimensional Style: Yes

Showing Requirements

Call Listing Agent: Yes
Restricted Hours: Yes
Showing Service: Yes

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: February - 06 - 2026

Information deemed reliable but not guaranteed.