607 Louisville Rd, Frankfort, KY, 40601
About This Home
An exceptional opportunity to own a highly visible property along Louisville Road (US-60) featuring an existing income-producing duplex situated on approximately 1.8 acres of Planned Commercial (PC) zoned land. Whether you're looking for a long-term investment, redevelopment opportunity, or commercial site with interim rental income, this property offers outstanding flexibility in one of Frankfort's most strategically located corridors. A recent MAI commercial appraisal concluded an "As-Is" Market Value of $290,000, recognizing the property's long-term redevelopment potential while noting the existing improvements serve as an interim use. This is far more than a traditional duplex - it's an opportunity to secure a strategic corridor property with immediate utility and long-term potential! Highlights include: Existing duplex providing immediate income potential | Approximately 1.8 acres with strong frontage and visibility | Planned Commercial (PC) zoning supporting a variety of future commercial uses (subject to local approvals) | Convenient access to Downtown Frankfort, the Kentucky Capitol Complex, medical offices, and major employment centers | Adjacent to Frankfort Plant Board utility infrastructure and located near established professional and institutional uses | Ideal for: Commercial developers, Medical or professional office users, Investors seeking land appreciation, Mixed-use or commercial redevelopment opportunities, Buy-and-hold investors looking for future upside. Schedule your private showing today to explore the possibilities at 607-609 Louisville Road!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Appliances
- Laundry features: Main Level,Common Area
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Multi Units,Window Unit(s)
Interior Area
- Total structure area: 1,780
- Total interior livable area: 1,780 sqft
Property
Details
- Parcel number: 0622017001.00
- Attached to another structure: Yes
- Zoning: C
- Zoning description: Commercial
- Special condition: Standard
Lot
- Lot size: 1.81 Acres
Parking
- Total spaces: 5
- Parking features: Gravel,On Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Inland Flooding
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,466 | $17,592 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $176 | $2,112 |
| Electricity | $154 | $1,850 |
| Total | $1,957 | $23,484 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $290,000 |
| 2018-01-06 | Listing removed | $90,000 |
| 2017-10-05 | Price change | $90,000 |
| 2017-08-02 | Price change | $95,000 |
| 2017-06-06 | Listed for sale | $115,000 |
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