Ranch Duplex Under
New
For Sale
$199,000
314 Park Avenue, Somerset, KY 42503
MULTI_FAMILY - Ranch - Somerset, KY
Property Size1,500 SF
Lot Size0.42 Acres
Price / SF$132.67
Days on Market2
Property Features for 314 Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Laundry Room, Basement
Parking features
Garage, Garage - Attached, Driveway
Interior features
Eat-in Kitchen, Ceiling Fan(s)
Basement
Finished, Walk-Up Access, Walk-Out Access, Full
Appliances
Dishwasher, Microwave, Refrigerator, Range
Elementary school
Hopkins
Middle school
Meece
High school
Pulaski Co
Elementary school district
Pulaski County - 45
Middle school district
Pulaski County - 45
High school district
Pulaski County - 45
Directions
From US-27 turn right onto east 80. Turn left onto Clifty St. and take the first right on Park Ave. home on left. You will see signs
Subdivision
909 - Somerset City, Pulaski County
Standard status
Active
APN
060-0-1-02.0
Size
1,500 SF
Lot size
0.42 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Hardwood, Concrete
Building materials
Brick Veneer, Metal Siding
Roof type
Metal
Architectural style
Ranch
Listing Agency:
Premier Properties of Lake Cumberland, Inc.
(606) 676-0707
Listed By:
Lillian Dick
(606) 872-8644
Added: Jul 31
Last Checked: Aug 1 at 2:06AM
MLS# 26020576
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.
Brand-new ranch duplex under construction with two bedrooms and two full bathrooms, featuring a spacious, functional layout. The finished basement expands living space and includes a large room that could be used as a third bedroom (buyer to verify), along with an additional flex room suited for an office, hobby room, or extra storage. The basement floor will be finished prior to closing. Modern finishes include an eat-in kitchen and ceiling fans throughout.
The property sits on a 0.42-acre lot with an attached garage and driveway parking. Construction materials include brick veneer and metal siding, with hardwood and concrete flooring and a metal roof. Heating is provided by heat pump and electric systems, and cooling includes central air and heat pump, plus ceiling fans.
Utilities include public water and public sewer. Appliances listed are dishwasher, microwave, refrigerator, and range. An adjacent duplex is also available and may be purchased together.
The property sits on a 0.42-acre lot with an attached garage and driveway parking. Construction materials include brick veneer and metal siding, with hardwood and concrete flooring and a metal roof. Heating is provided by heat pump and electric systems, and cooling includes central air and heat pump, plus ceiling fans.
Utilities include public water and public sewer. Appliances listed are dishwasher, microwave, refrigerator, and range. An adjacent duplex is also available and may be purchased together.
Key Highlights
- Year built 2025, under construction ranch duplex with modern finishes
- Two bedrooms and two full bathrooms, plus a finished basement with flex space
- Basement includes a large room that could serve as a third bedroom (buyer to verify)
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 | $17.1k | $11.40 |
| − Vacancy | −$763 | −$0.51 |
| EGI | $16.3k | $10.89 |
| − OpEx | −$4.9k | −$3.27 |
| NOI | $11.4k | $7.62 |
1,500 SF · lease $11.40/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.6K
NOI $11,436 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$145.6K
$127.4K – $169.8K
NOI $10,189 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$255.5K
$223.6K – $298.1K
NOI $17,888 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 42503, KY
24,670
Population
11,588
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
85%
High-School Grad
129.5 sq mi
ZIP Area
191
Density / Sq Mi
$53,377
Median Household Income
$35,319
Median Earnings
$873
Median Rent
$198,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new ranch duplex with two bedrooms, two full baths, and a finished basement plus attached garage.
Where is this duplex located?
The property is located at 314 Park Avenue Somerset, KY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Year built 2025, under construction ranch duplex with modern finishes; Two bedrooms and two full bathrooms, plus a finished basement with flex space; Basement includes a large room that could serve as a third bedroom (buyer to verify)
