Triplex Income
208 Auburn Avenue Somerset, KY 42503
208 Auburn Avenue, Somerset, KY, 42503
$359,900
For Sale
$359,900
MULTI_FAMILY - Somerset, KY
Property Size4,314 SF
Lot Size0.35 Acres
Price / SF$83.43
Days on Market34
Property Features for 208 Auburn Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- 062-5-1-41
- Size
- 4,314 SF
- Lot size
- 0.35 Acres
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 3
Listing Agency
Keller Williams Bluegrass Realty - Lake Cumberland
(606) 875-1333
407 Monticello Street, Somerset, KY
Listed by
Millie King Weaver · License #208856
(606) 875-1333
Added: Jun 18 Updated: Jul 17 at 5:43 pm Checked: Jul 21 at 1:06 am
MLS# 26014349
Listing URL
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale triplex income property in Somerset, Kentucky includes a total building size of 4,314 square feet on a 0.345-acre lot.
The property is located at 208 Auburn Avenue, Somerset, KY 42503 in Pulaski County.
As a multi-family residential income asset, the property is configured as a triplex and is positioned for buyers seeking an income-producing multi-unit setup.
The property is located at 208 Auburn Avenue, Somerset, KY 42503 in Pulaski County.
As a multi-family residential income asset, the property is configured as a triplex and is positioned for buyers seeking an income-producing multi-unit setup.
Key Highlights
- 6 bedrooms and 4 bathrooms
- Year built: 1970
- Central air cooling
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $11.40 |
| − Vacancy | −$2.2k | −$0.51 |
| EGI | $47.0k | $10.89 |
| − OpEx | −$14.1k | −$3.27 |
| NOI | $32.9k | $7.62 |
4,314 SF · lease $11.40/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.9K
$411.1K – $548.2K
NOI $32,890 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,305 @ 7.0% cap · market cap 8.14%
Theoretical Best
Specialty Retail
$735.0K
$643.1K – $857.5K
NOI $51,447 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex for sale in Somerset, KY with a 0.345-acre lot and 4,314 square feet.
Where is this triplex located?
The property is located at 208 Auburn Avenue Somerset, KY.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 6 bedrooms and 4 bathrooms; Year built: 1970; Central air cooling
