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  1. Commercial Properties
  2. KY
  3. Frankfort
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For Sale

100% Occupied and Renovated Multi-Family Investment Opportunity

150, 154, and 160 Landings, Frankfort, KY 40601

The Landings is positioned on Landings Drive off Schenkel Lane in west Frankfort — just minutes from US-60 / Versailles Road, providing fast access to downtown Frankfort, I-64, and the broader Lexington–Louisville corridor. The subdivision sits in a quiet residential pocket with good street appeal and on-site parking — characteristic of stable working-professional rental neighborhoods that lease quickly and stay leased. The US-60 corridor delivers Kroger, Walmart, McDonald's, Wendy's, Tractor Supply, and a deep mix of essential retail and service businesses serving Frankfort's day-to-day population. Frankfort is the capital of Kentucky and the seat of Franklin County, with a population of approximately 52,000. The Commonwealth of Kentucky is the city's largest employer — providing one of the most stable rental tenant bases in the region, as state government workforce drives steady, recession-resistant rental demand. Major private-sector employers include Buffalo Trace Distillery (the world's most-awarded distillery), Topy America (automotive parts manufacturing), Jim Beam American Stillhouse, and the broader Kentucky-Toyota automotive supplier network. Frankfort's median household income is approximately $57,000 with a median age of 40 — a stable, family-and-working-professional demographic with strong renter representation. Frankfort sits in the heart of Central Kentucky, ~30 miles west of Lexington and ~50 miles east of Louisville along the I-64 corridor — one of Kentucky's primary east-west arterials. The Bluegrass region offers a diversified economy anchored by the University of Kentucky (Lexington), the world-class Thoroughbred industry (Keeneland Race Course), strong healthcare systems (UK HealthCare, Baptist Health), advanced manufacturing, and growing logistics distribution. Lower cost of living, stable government and industrial employment, and a tight small-multifamily inventory make Frankfort one of Central Kentucky's most defensible small-investor markets.Frankfort’s location provides convenient access to Lexington, Louisville, and Cincinnati, making it an attractive destination for visitors and businesses alike. Outdoor recreation thrives with scenic river views, parks, and nearby trails, while cultural attractions—including museums, historic districts, and year-round community events—create a welcoming and authentic sense of place. With a strong commitment to economic development, education, and quality of life, Frankfort continues to grow while preserving the character that makes it distinctly Kentucky.SVN Stone Commercial Real Estate is pleased to offer 150, 154, and 160 Landings Drive — a turnkey 12-unit multifamily portfolio in Frankfort, Kentucky's capital city. The offering consists of three side-by-side four-plex buildings on Landings Drive, all completely renovated in 2020 (roofs, HVAC systems, plumbing, electrical) with a follow-on roof replacement in 2022. All 12 units are identical 2-bedroom / 1-bathroom layouts averaging 750 SF, currently 100% occupied with strong in-place rents averaging $909/month and recent leases trending higher. Offered at $1,150,000 ($95,833/unit, $128/SF). Ideal for investors seeking a stabilized, turnkey small-multifamily play with minimal near-term capex burden, or a 1031 buyer needing a clean replacement asset in a stable secondary market. Please contact Justin Ryder, CCIM at 859-447-3285 // .

Key features

  • $1,150,000 list price | $95,833/unit | $128/SF
  • 100% Occupied
  • 1031 opportunity: clean replacement asset
  • 7.25% Year 1 Cap Rate at list
  • All 2BR/1BA units, 750 SF each | ~9,000 SF total
  • Fully renovated in 2020
  • In-place rents: Avg $909/unit | Recent leases as high as $998/unit
  • Investor opportunity: turnkey stabilized small-MF with minimal near-term capex
  • Marketed exclusively by SVN Stone Commercial Real Estate — contact Justin Ryder, CCIM with questions and more info
  • Three side-by-side 4-plex buildings, 12 units (150, 154, and 160 Landings Drive)
  • Year built 1980 | All-electric heating and cooling (tenant-paid utilities)
Want more info on this listing?

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Contacts

broker
Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

Building Details

  • For Sale $1,150,000
  • Property Type Multi-Family
  • Property Size 13,464 SF
  • Units 12
  • Date Updated Jun 6, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Car-Dependent (26)
  • Bike Score ®

    Somewhat Bikeable (29)
Powered by Walk Score ®

Location

  • City Frankfort, KY
  • Zip Code 40601
  • Market Lexington

Points of Interest

Kroger

1.19 miles

Speedway

1.27 miles

BP

1.41 miles

Shell

2.77 miles

RaceTrac

3.25 miles

Wendy's

0.69 miles

Subway

0.85 miles

Arby's

1.06 miles

McDonald's

1.08 miles

Jimmy John's

1.09 miles

Penn Station

1.22 miles

White Castle

1.27 miles

Jim’s Seafood

1.56 miles

Firehouse Cafe

1.57 miles

Kroger

1.17 miles

Kohl's

2.68 miles

TJ Maxx

2.71 miles

Save-A-Lot

3.00 miles

ALDI

4.38 miles

Walmart Supercenter

4.62 miles

Stamping Ground Food Store

9.65 miles

Frankfort City Police Station

2.19 miles

Frankfort Fire and EMS Station #1

2.27 miles

Franklin Co Sheriff

2.96 miles

CVS Pharmacy

4.04 miles

Frankfort Regional Medical Center

4.96 miles

Scott County Fire Station No. 5

9.25 miles

150, 154, and 160 Landings Listing Summary

  • What is the asking price at 100% Occupied and Renovated Multi-Family Investment Opportunity?

    100% Occupied and Renovated Multi-Family Investment Opportunity is currently listed for sale at Contact for pricing.

  • What is the total size of 100% Occupied and Renovated Multi-Family Investment Opportunity?

    100% Occupied and Renovated Multi-Family Investment Opportunity has a total of 13,464 square feet.

Contact Listing Broker
broker
Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

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