Margo Whisman

315 W 3rd St

Frankfort, KY
$ 1,073,000 Beds 8 Baths 5 Sq 5,824
Monthly Estimate* How much can I afford?

Located in the heart of historic South Frankfort, this beautifully maintained property offers the charm and craftsmanship you hope to find in a historic home, with the updates and functionality that make everyday living easier. The main house offers 4,224 square feet with 5 bedrooms, 3.5 bathrooms, original hardwood floors, beautiful crown molding, a handcrafted carved staircase, soaring ceilings, and 6 fireplaces throughout, including 2 gas fireplaces. The kitchen features granite countertops and stainless steel appliances. One of the standout features of the home is the wraparound front porch, complete with hardwood flooring that was recently refinished with a specialty outdoor finish. The first-floor primary suite is unusually spacious for a home of this age, offering a sitting area, a private exterior entrance, a large walk-in closet, and a beautifully updated bath with dual vanities, an oversized double shower, and a large soaking tub. Throughout the home, the historic details have been well preserved while important updates have already been completed, including a tankless water heater, a roof that is less than 10 years old, and a new upstairs heating and cooling system that was upgraded to one of the most efficient options available. Custom rugs throughout the home will also remain. Behind the main home is a fully furnished 1,600 square foot guest house with 3 bedrooms and 1.5 bathrooms. It features granite countertops, stainless steel appliances, and a new roof. Currently used as a short-term rental, the guest house offers flexibility for income potential, extended family, guests, or additional living space. Together, the main house and guest house offer over 6,400 square feet of finished space across two separate residences. The property also includes a two-car garage, a valuable feature for a historic property. While the garage is connected to the guest house structure, it was thoughtfully designed with exterior access only and does not open into the guest house, allowing it to function as private garage space for the main residence. The outdoor spaces are well maintained with fresh landscaping and mulch, all in a location close to downtown Frankfort, parks, the Kentucky River, restaurants, shops, and local amenities. With its combination of historic character, thoughtful updates, generous living space, a separate guest house, and private garage parking, this South Frankfort property is a truly special opportunity.

Active

  • Price
  • $ 1,073,000
  • City
  • Frankfort
  • Bedrooms
  • 8
  • Full Bathrooms
  • 4
  • County
  • Franklin
  • Half Bathrooms
  • 2
  • Area
  • Lot Size
  • 0.29 Acres
  • Zip
  • 40601
  • Sqr Footage
  • 5,824
  • Year Built
  • 1904
  • Style
  • Traditional
  • MLS#
  • 1721860
Listed By: Marshall Lane Real Estate
Data Source: Metro Search, Inc.

Features

General

Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected
Roof Shingle
Garage Spaces 2
Architectural Style Traditional
Construction Materials Wood Frame,Stone
Year Built 1904
Stories Count 3
Property Subtype Single Family Residence
County Franklin
Property Type Residential
HOA false
Attached Garage false
Subdivision Name South Frankfort
Garage Y/N true
Other Structures Garage(s),Guest House
Total Rooms 20
Full Baths 4
Status Active
Directions From Capital Ave, turn right onto E Third. The property is on the left.
City Frankfort
High School District Franklin
Lot Size Units Acres
Lot Size Square Feet 12632.4
Standard Status Active

Interior Features

Basement Unfinished
Total Fireplaces 6
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 5824
Half Baths 2
Total Bedrooms 8
LivingAreaSource List Agent
Total Baths 6

Exterior Features

Exterior Amenities See Remarks
Parking Features Off Street,Detached,Driveway
Water Source Public
Lot Size Area 0.29
Building Area Total 5824
Lot Size Acres 0.29

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Shelbyville, KY office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School
Middle School
High School Unknown High School

Price History

6/29/2026 Listed $1,128,000
7/22/2026 Listed $1,123,000
8/31/2026 4% - $1,073,000

Property vs Zip Code Average in 40601

Price
AVG $410K
$1.07M
Year Built
AVG 2112
1904

In The Neighborhood

Areas That We Cover

315 W 3rd St Frankfort, KY is a Single Family Home for sale at $1073000 with 5824 sqft and a lot size of 0.29 Acres Acre(s). 315 W 3rd St Frankfort has 8 bedrooms, 4 baths and was built in 1904. The property's zip code is 40601 which is in Frankfort, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Margo Whisman

Margo Whisman

502-220-8896

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy