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511-513 Capital Ave, Frankfort, KY, 40601

5beds
7baths
4,255sqft
$878,000
$206price/sqft
$5,523/moest. monthly cost
$220,920/yrincome needed

About This Home

Looking for a larger home with historic charm and modern amenities in a great location? Welcome to 511-513 Capital Avenue, a renovated home with an attention to detail, currently configured with 3 bedrooms, all with en suite bathrooms, 4 half bathrooms, 2 kitchens, 2 pantries, 2 dining rooms, living room, lounge/barroom, office & bonus/sewing/work room. The location of the rooms, extra bathrooms, access routes, two stairways, and five entrances, provide a number of possible alternative uses for this property (some uses may be subject to approval). Numerous updates & upgrades include new furnaces and A/C's for 1st floor and heat pumps for the 2nd floor. See attached for complete list of improvements. Outside, find a semi-private, shaded, fully landscaped front yard, a driveway to the back with ample parking and beyond, a graveled area featuring a wood-burning fire pit with cooking grate. The rear deck near one of the kitchens provides a cozy spot for morning coffee/tea or an evening beverage. Buyer to verify all features and aspects of property including but not limited to boundaries, square feet, water, sewer, schools, zoning, and suitability.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

5/10
Second Street SchoolGrades K-80.5 mi
6/10
Frankfort High SchoolGrades 9-120.2 mi

Construction

Materials

  • Foundation: Block,Stone
  • Roof: Metal,Shingle
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Microwave,Refrigerator,Washer,Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup,Upper Level

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Exterior Entry,Partial,Unfinished

Bathroom1

  • Level: Second

Bathroom2

  • Level: Second

Bathroom3

  • Level: First

Bathroom4

  • Level: First

Bathroom5

  • Level: First

Bathroom5

  • Level: First

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: First

Bedroom4

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 3
  • 1/2 bathrooms: 4

Dining Room

  • Level: First

Dining Room

  • Level: First

Features

  • Entrance Foyer,Walk-In Closet(s)
  • Door features: Storm Door(s)
  • Flooring: Hardwood,Tile,Wood
  • Number of fireplaces: 4
  • Fireplace features: Dining Room,Electric,Living Room,Masonry,Master Bedroom,Den
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,255

Foyer

  • Level: First

Foyer

  • Level: First

Foyer

  • Level: Second

Foyer

  • Level: Second

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Natural Gas,Zoned
  • Cooling features: Central Air,Electric,Heat Pump,Multi Units,Zoned

Interior Area

  • Total structure area: 4,255
  • Total interior livable area: 4,255 sqft

Kitchen

  • Level: First

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Level: Second

Master Bedroom

  • Level: Second

Office

  • Level: Second

Other

  • Level: First

Other

  • Level: First

Utility Room

  • Level: First

Property

Details

  • Parcel number: 0623203020.00

Features

  • Levels: Two
  • Exterior features: Fire Pit
  • Has view: Yes
  • View description: Trees/Woods,Neighborhood

Lot

  • Lot size: 0.30 Acres
  • Features: Landscaped,Few Trees

Parking

  • Parking features: Driveway,Off Street
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Cold Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Kentucky Counties

Flood
Hurricane
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $4,439$53,268
Home Insurance *$488$5,856
Property Taxes $260$3,120
Electricity $336$4,032
Total$5,523$66,276
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$189,360/yr
40% on housing$165,690/yr
45% on housing$147,280/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

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.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 40601$139
Franklin County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 40601$153
Franklin County$144

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)

Price History

DateEventPrice
2026-07-10Listed for sale$878,000
2024-09-19Sold$360,000
2024-09-09Listed for sale$395,000
2024-08-28Pending sale$395,000
2024-08-05Listed for sale$395,000

For Sale by Agent

AgentMike Barnes
BrokerageMarshall Lane Real Estate

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