514 Ann Street, Frankfort, KY

Name: 514 Ann Street, For Sale in Frankfort - eXp Realty
Brand: Ro&Co Real Estate
SKU: 26004803
Price: 749900 USD

House

For Sale

Listed price in listed location currency (USD).

$749,900

1080

MLS® 26004803

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 6161 sqft

Garage No

Taxes

Days Active 1

Lot Size 0.25 acres

Approx. Age 1829

Avg. Price Per Sqft $121

MLS® Number 26004803

Property Address: 514 Ann Street, Frankfort, KY, 40601

Average square foot calculated using Size range provided by listing agent.

Description

Opportunities like this rarely come along. Built in the 1820s, this all-brick historic property sits in one of the most prime locations in all of Frankfort and is ready for its next chapter. The main house has already been mostly gutted, providing a blank canvas for the next owner to bring their vision to life while preserving incredible historic features that remain intact. Inside you'll find gorgeous original hardwood floors, massive pocket doors, and soaring 12-foot ceilings in several rooms—the kind of craftsmanship that simply can't be replicated today. This property offers tremendous flexibility and could easily be finished as a large single-family historic home with multiple bedrooms and bathrooms, or redesigned as a multi-unit investment property. It would also make an excellent short-term rental, live-work space, or even a boutique business location depending on the buyer's vision. Adding even more value is the guest house located in the backyard, which features four bedrooms and two bathrooms. This structure could remain a spacious guest residence, be used for short-term rentals, or easily be converted into two separate two-bedroom apartments, creating an additional income opportunity. For investors and developers, this project is an ideal candidate for historic restoration tax credits, which may allow 30-40% of qualified improvement costs to be returned as tax credits. That makes this not only an exciting restoration project but also a financially smart one. With its historic character, prime location, and endless possibilities, 514 Ann Street presents a rare opportunity to restore and reimagine one of Frankfort's historic properties. Whether you're looking to create a stunning family home, a unique investment property, or a standout short-term rental, this property offers the chance to bring a true piece of Frankfort history back to life.

MLS® Number26004803

Laundry Level

Central VacNo

FireplaceNo

Acreage0.25

Exterior

GarageNo

Approx. Age1829

BasementUnfinished

DrivewayDriveway, Off Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$749,900List Price

Commute

Commute

Starting Address

Destination Address

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