11 Midland Meadows Drive, Somerset, KY 42503
MULTI_FAMILY - Somerset, KY
- Added:
- Feb 11, 2026
- Days on Market:
- 134
- Last Refresh:
- Jun 25 at 11:06 pm
Property Features for 11 Midland Meadows Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 9, Laundry Room, Bedroom 8, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 7
- Standard status
- Active
- APN
- 062-1-3-22
- Size
- 4,224 SF
- Lot size
- 1.42 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 2025
- Roof type
- Shingle
Listing agent Jordan Adkins License #281523 (423) 539-1511
Listing office High Point Realty & Auction 226 N 2nd St, Richmond, KY (859) 200-2084
Listing date Feb 11, 2026
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.
HighLights
- Triplex under construction, built in 2025, with 3 bedrooms and 2 full baths per unit
- All three units are currently leased for immediate rental income
- Open living and kitchen layout in each unit with stainless steel appliances
- First‑floor washer and dryer hookups and a laundry room included in each unit
- 1.42‑acre site with private road, large paved parking area, sewer and water installation, and commercial mailbox system (up to 16 units)
- Site includes space for two additional dwellings without repeating major development costs
Overview
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 | $48.2k | $11.40 |
| − Vacancy | −$2.1k | −$0.51 |
| EGI | $46.0k | $10.89 |
| − OpEx | −$13.8k | −$3.27 |
| NOI | $32.2k | $7.62 |
Alternative Uses
Current Use by Public Records
Map
- City
- Somerset
- County
- Pulaski
- State
- Kentucky
- Longitude
- -84.630639
- Latitude
- 37.058654
