514 Ann Street, Frankfort, KY 40601
Local realty services provided by:CENTURY 21 Pinnacle
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:181 day(s) ago
- Updated:September 10, 2026 at 03:03 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
$269,900Active3 beds 2 baths1,732 sq. ft.499 Grama Drive, Frankfort, KY 40601
MLS# 26024874Listed by: RE/MAX CREATIVE REALTY - New
$449,900Active4 beds 3 baths3,486 sq. ft.117 Northridge Ct, Frankfort, KY 40601
MLS# 1728627Listed by: TMK REALTY GROUP - New
$348,000Active3 beds 3 baths2,102 sq. ft.141 White Cliffs Lane, Frankfort, KY 40601
MLS# 26024868Listed by: UNITED REAL ESTATE BLUEGRASS - New
$328,500Active3 beds 3 baths2,091 sq. ft.207 Robert M Green Boulevard, Frankfort, KY 40601
MLS# 26024834Listed by: PULLIAM REALTY GROUP - New
$429,900Active3 beds 2 baths1,774 sq. ft.109 Arbor Court, Frankfort, KY 40601
MLS# 26024811Listed by: LIFSTYL REAL ESTATE - New
$278,000Active3 beds 2 baths1,653 sq. ft.734 River Ridge Road, Frankfort, KY 40601
MLS# 26024792Listed by: INDIGO & CO - New
$497,000Active4 beds 3 baths2,640 sq. ft.248 Sulphur Lick Road, Frankfort, KY 40601
MLS# 646456Listed by: WHITETAIL PROPERTIES REAL EST - New
$269,900Active3 beds 2 baths1,456 sq. ft.508 Hiawatha Trail, Frankfort, KY 40601
MLS# 26024665Listed by: PLUM TREE REALTY - New
$350,000Active3 beds 2 baths1,757 sq. ft.519 Schofield Lane, Frankfort, KY 40601
MLS# 26024671Listed by: CENTURY 21 SIMPSON & ASSOCIATES - New
$215,000Active3 beds 1 baths1,125 sq. ft.97 Strawberry Lane, Frankfort, KY 40601
MLS# 26024648Listed by: KEYS TO KENTUCKY REALTY