Furnished Riverfront Short-Term
For Sale
$497,500
125 Dogwood Drive, Somerset, KY 42501
Business Opportunity, Somerset, KY
Property Size3,436 SF
Lot Size0.71 Acres
Price / SF$144.79
Days on Market98
Property Features for 125 Dogwood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Subdivision
Rural
Directions
From 914 bypass turn on Hwy 769 and follow approx 7.2 miles. Make a sligh right on Omega-Buck Creek Dock Rd/Omega Park Rd. for 4.2 miles. Make a right on Dogwood Dr. property is on the left. No sign is out
Standard status
Active
APN
095-7-0-41
Size
3,436 SF
Lot size
0.71 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Electric
Building Details
Year built
1985
Listing Agency:
CENTURY 21 Advantage Realty
(606) 451-1021
Listed By:
Jessica C Vincent
(606) 271-1175
Added: Jul 8
Changed: Oct 13
Last Checked: Oct 13 at 8:06PM
MLS# 26016785
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 furnished short-term rental property offers 3,436 square feet with five bedrooms and three bathrooms. Built in 1985, the home includes an updated kitchen and updated bathrooms, hardwood flooring across the first floor, and travertine marble finishes on the terrace level. Heat pump heating and cooling systems are installed.
The property occupies 0.713 acres along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. Its recreational setting supports boating, fishing, kayaking, and related outdoor use. Furniture is included with the sale, providing a furnished residential property suited to vacation occupancy or personal use.
The property occupies 0.713 acres along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. Its recreational setting supports boating, fishing, kayaking, and related outdoor use. Furniture is included with the sale, providing a furnished residential property suited to vacation occupancy or personal use.
Key Highlights
- 3,436‑square‑foot home with 5 bedrooms and 3 bathrooms
- Furnished property with updated kitchen and bathrooms
- 0.713 acres situated along the Cumberland River
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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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Updated recreational-area home with turnkey furnishings and direct access to boating and other outdoor activities.
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: 3,436‑square‑foot home with 5 bedrooms and 3 bathrooms; Furnished property with updated kitchen and bathrooms; 0.713 acres situated along the Cumberland River
