514 Ann Street, Frankfort, KY 40601
Local realty services provided by:CENTURY 21 Virginia Wilder Real Estate
514 Ann Street,Frankfort, KY 40601
$525,000
- 10 Beds
- 8 Baths
- 6,161 sq. ft.
- Single family
- Active
Listed by: nathan dailey
Office: ro&co real estate
MLS#:26004803
Source:KY_LBAR
Price summary
- Price:$525,000
- Price per sq. ft.:$85.21
About this home
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....
Contact an agent
Home facts
- Year built:1829
- Subdivision & Development:Downtown
- Listing ID #:26004803
- Added:227 day(s) ago
- Updated:October 26, 2026 at 03:08 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:12
- Flooring:Hardwood
- Basement:Yes
- Basement Description:Unfinished
- Living area:6,161 sq. ft.
Structure and exterior
- Year built:1829
- Building area:6,161 sq. ft.
- Lot area:0.25 Acres
- Construction Materials:Solid Masonry, Stone
Schools
- High school:Western Hills
- Middle school:Second St Middle
- Elementary school:Second St
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$85.21
Parking
- Parking description:Driveway, Off Street
New listings near 514 Ann Street
- New
$285,000Active4 beds 3 baths2,057 sq. ft.218 Sequoyah Trail, Frankfort, KY 40601
MLS# 26029508Listed by: KEYS TO KENTUCKY REALTY - New
$239,500Active3 beds 2 baths1,214 sq. ft.261 Lyons Drive, Frankfort, KY 40601
MLS# 26029461Listed by: GATEWOOD & ASSOCIATES REALTY CO - New
$299,900Active3 beds 2 baths1,617 sq. ft.307 Esperanza Drive, Frankfort, KY 40601
MLS# 26029482Listed by: KENTUCKY DREAMS REALTY - Open Sun, 1 to 3pmNew
$245,000Active3 beds 2 baths1,248 sq. ft.308 Cedar Way, Frankfort, KY 40601
MLS# 26029463Listed by: ERA SELECT REAL ESTATE - New
$230,500Active3 beds 1 baths1,152 sq. ft.128 Meredith Avenue, Frankfort, KY 40601
MLS# 26029466Listed by: BLUEGRASS SOTHEBY'S INTERNATIONAL REALTY - New
$219,000Active3 beds 1 baths1,088 sq. ft.252 Rancho Drive, Frankfort, KY 40601
MLS# 26028549Listed by: KEYS TO KENTUCKY REALTY - New
$339,000Active3 beds 2 baths1,609 sq. ft.109 Oak Ridge Drive, Frankfort, KY 40601
MLS# 26029290Listed by: TRANSACTIONBROKER.COM - New
$245,000Active3 beds 2 baths1,370 sq. ft.211 Spruce Drive, Frankfort, KY 40601
MLS# 26029420Listed by: TRANSACTIONBROKER.COM - New
$500,000Active7.99 Acres219 Stonehedge Street, Frankfort, KY 40601
MLS# 26029367Listed by: RECTOR HAYDEN REALTORS - New
$106,000Active5 Acres4155 Camp Pleasant Road, Frankfort, KY 40601
MLS# 26029168Listed by: KY LOCAL