511-513 Capital Avenue,Frankfort, KY 40601
Frankfort, KY 40601
Description
Turnkey Airbnb / Guesthouse Investment Opportunity 511-513 Capital Avenue | Frankfort, Kentucky Exceptional income-producing hospitality property in a prime Frankfort location! This unique property offers two fully equipped guesthouse units, each providing 3 bedrooms, 2 full bathrooms, and 1 half bathroom, making it an outstanding opportunity for an investor, owner-operator, or buyer looking to continue a successful short-term rental or guesthouse business. Each unit features: 3 spacious bedrooms, 2 full bathrooms + 1 half bathroom, fully equipped kitchen, comfortable living area, dedicated dining area, functional layouts ideal for families, business travelers, groups, and extended stays. The property also offers inviting shared outdoor spaces designed for guests to relax and entertain, including a patio with BBQ area, outdoor communal seating, and fire pit. Property Highlights: Two separate guesthouse units with separate entrances (511 & 513 Capital Avenue), 6 bedrooms total, 4 full bathrooms + 2 half bathrooms, 2 kitchens, 2 living areas, 2 dining areas, outdoor communal entertaining areas, fire pit, patio and BBQ area, off-street parking, turnkey short-term rental / guesthouse potential, excellent opportunity for an owner-operator or investment portfolio. Located on Capital Avenue in Frankfort, the property is ideally positioned for visitors seeking convenient access to the city's attractions, restaurants, government offices, historic downtown, and surrounding Kentucky destinations. The separate unit at 511 Capital will be conveyed fully furnished and professionally staged, providing the new owner with a turnkey, move-in-ready short-term rental opportunity that can begin generating rental income immediately after closing. Whether you continue operating the property as a short-term rental, guesthouse, corporate lodging property, or convert it to another hospitality use, 511-513 Capital Avenue offers flexibility and significant potential. A rare opportunity to acquire a ready-to-operate two-unit hospitality property in Frankfort. Showings by appointment. Buyer to verify all features and aspects of property including but not limited to boundaries, square feet, water, sewer, schools, zoning, and suitability.
Details
| MLS # | 26017337 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 92 |
| Listing Provided By | Marshall Lane Real Estate | Mike Barnes |
Features
| SQ Feet | 4,255 |
|---|---|
| Acreage | 0.30 |
Interior
| Cooling | Electric, Heat Pump, Multi Units, Zoned |
|---|---|
| Heating | Forced Air, Heat Pump, Natural Gas, Zoned |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Area Information
| State | KY |
|---|---|
| County | Franklin |
| City | Frankfort |
| Zip Code | 40601 |
| Area | 014 Franklin County |
| Subarea | Franklin County |
| Community Name | South Frankfort |
| Listing VS Median (in South Frankfort) | |
Price: $860,400 low | high Med: $359,900 sqft: 4,255 low | high Med: 2,491 $ / sqft: $202 low | high Med: $144 On site: 92 low | high Med: 85 | |
Market Activity 40601
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Learn More About This Property
| State | KY |
|---|---|
| County | Franklin |
| City | Frankfort |
| Zip Code | 40601 |
| Area | 014 Franklin County |
| Subarea | Franklin County |
| Community Name | South Frankfort |
| Listing VS Median (in South Frankfort) | |
Price: $860,400 low | high Med: $359,900 sqft: 4,255 low | high Med: 2,491 $ / sqft: $202 low | high Med: $144 On site: 92 low | high Med: 85 | |
