Duplex with Vaulted
New
For Sale
$183,500
323 Randolph Street, Somerset, KY 42501
Residential, Somerset, KY
Property Size1,000 SF
Lot Size0.10 Acres
Price / SF$183.50
Days on Market2
Property Features for 323 Randolph Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Bedroom 2, Bathroom 1
Interior features
Eat-in Kitchen
Appliances
Dishwasher, Microwave, Refrigerator, Range
Elementary school
Somerset
Middle school
Somerset
High school
Somerset
Elementary school district
Somerset Independent
Middle school district
Somerset Independent
High school district
Somerset Independent
Directions
From east mount vernon Street, turn onto Randolph Street. Travel about .3 miles all the way to the very end. The property is on your right.
Subdivision
909 - Somerset City, Pulaski County
Standard status
Active
APN
076-1-2-04.3
Size
1,000 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
covered front porch
side deck
custom kitchen
built-in cabinetry
granite countertops
oversized attached garage
Building Details
Year built
2025
Floors in Building
1
Flooring type
Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Commonwealth - Somerset · Keller Williams Realty
(859) 721-2121
Listed By:
Nathanael Sears
(606) 425-6632
Added: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 26022840
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 duplex property presents two-bedroom, one-bathroom townhouse-style homes with 1,000 square feet of living area, vaulted ceilings measuring a minimum of 12 feet, and spacious primary bedrooms. Interior features include an eat-in kitchen with built-in cabinetry and granite countertops, a large living room, laundry room, vinyl flooring, and electric heating and cooling. Appliances include a dishwasher, microwave, refrigerator, and range.
Exterior improvements include metal siding, pressure-treated pine soffits, metal roofing, an oversized attached garage, covered front porches, and side decks. The property occupies 0.1 acres at the end of a dead-end street and backs to an open field. Public water and public sewer serve the property, which is located in Somerset, Kentucky.
Exterior improvements include metal siding, pressure-treated pine soffits, metal roofing, an oversized attached garage, covered front porches, and side decks. The property occupies 0.1 acres at the end of a dead-end street and backs to an open field. Public water and public sewer serve the property, which is located in Somerset, Kentucky.
Key Highlights
- Duplex property with two‑bedroom, one‑bathroom townhouse‑style homes
- 1,000 square feet of living area
- Vaulted ceilings with a minimum height of 12 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$152,480
$152.5K
Cap Rate 7%
$108,914
$108.9K
Cap Rate 9%
$84,711
$84.7K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$11.4K $11.40/SF
− Vacancy
−$508 −$0.51/SF
EGI
$10.9K $10.89/SF
− OpEx
−$3.3K −$3.27/SF
NOI
$7.6K $7.62/SF
Area
Pulaski County, KY
Vacancy
4.46%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$152,480
Cap Rate 7%
$108,914
Cap Rate 9%
$84,711
Alternative Uses
Best Use
Multifamily LT 5
$108.9K
$95.3K – $127.1K
NOI $7,624 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$97.0K
$84.9K – $113.2K
NOI $6,793 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 42501, KY
18,047
Population
8,039
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
84%
High-School Grad
199.7 sq mi
ZIP Area
90
Density / Sq Mi
$49,449
Median Household Income
$38,121
Median Earnings
$808
Median Rent
$131,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom duplex homes feature attached garages, granite kitchens, covered porches, and a quiet setting beside an open field.
Where is this duplex located?
The property is located at 323 Randolph Street Somerset, KY.
What is the asking price?
The asking price for this property is $183,500.
What are key features of this property?
This property features: Duplex property with two‑bedroom, one‑bathroom townhouse‑style homes; 1,000 square feet of living area; Vaulted ceilings with a minimum height of 12 feet
