Furnished Short-Term Rental
For Sale
$497,500
125 Dogwood Drive, Somerset, KY 42501
An operating vacation rental offers updated interior finishes and access to river recreation near Omega Park boat ramp.
Property Size3,436 SF
Price / SF$144.79
Days on Market116
Property Features for 125 Dogwood Drive
General Information
Standard status
Active
Size
3,436 SF
Property subtype
Business
Additional Details
Furnished
Yes
Multifamily Units
1
Currently Operating
Yes
Building Details
Year Built
1985
Buildings
1
Listing Agency:
CENTURY 21 Advantage Realty
(606) 451-1021
Listed By:
Jessica C Vincent · License #263385
(606) 271-1175
Source:
Mdmitchellrealestate
Added: Jul 8
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Advantage Realty
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Investment Insights
Based on property information with market context.
Built in 1985, this 3,436-square-foot home has five bedrooms and three bathrooms. The kitchen and bathrooms have been updated, with hardwood flooring on the first floor and travertine marble on the terrace level. The property is offered furnished and is currently operating as a vacation rental, with Airbnb Superhost status.
The home is situated along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. The setting provides access to boating, fishing, kayaking, and other outdoor activities.
The home is situated along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. The setting provides access to boating, fishing, kayaking, and other outdoor activities.
Key Highlights
- Five‑bedroom, three‑bathroom home with 3,436 square feet
- Currently operating as a vacation rental with Airbnb Superhost status
- Furnished and includes updated kitchen and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,341
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,820
$466.8K
Cap Rate 7%
$333,443
$333.4K
Cap Rate 9%
$259,344
$259.3K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$44.5K $12.96/SF
− Vacancy
−$2.1K −$0.61/SF
EGI
$42.4K $12.35/SF
− OpEx
−$19.1K −$5.56/SF
NOI
$23.3K $6.79/SF
Area
Pulaski County, KY
Vacancy
4.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,820
Cap Rate 7%
$333,443
Cap Rate 9%
$259,344
Alternative Uses
Best Use
Apartment 5plus
$333.4K
$291.8K – $389.0K
NOI $23,341 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$585.4K
$512.2K – $682.9K
NOI $40,976 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An operating vacation rental offers updated interior finishes and access to river recreation near Omega Park boat ramp.
Where is this short term rental property located?
The property is located at 125 Dogwood Drive Somerset, KY.
What is the asking price?
The asking price for this property is $497,500.
What are key features of this property?
This property features: Five‑bedroom, three‑bathroom home with 3,436 square feet; Currently operating as a vacation rental with Airbnb Superhost status; Furnished and includes updated kitchen and bathrooms
