Quadplex with Detached
For Sale
$575,000
126 Crawford Ave, Somerset, KY 42501
Renovated primary residence with three additional apartments, multiple kitchens, and substantial outdoor space across two lots.
Property Size3,456 SF
Lot Size1.00 Acre
Price / SF$166.38
Days on Market76
Property Features for 126 Crawford Ave
General Information
Standard status
Active
Size
3,456 SF
Lot size
1.00 Acre
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Building Details
Year Built
1948
Listing Agency:
Keller Williams Commonwealth
(859) 806-3388
Listed By:
Tamara J Prewitt · License #216814
(859) 806-3388
Source:
Exprealty
Added: May 28
Changed: Aug 11
Last Checked: Aug 11 at 5:57AM
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 Keller Williams Commonwealth
Investment Insights
Based on property information with market context.
This quadplex includes a renovated main residence plus three separate apartments on a combined 1-acre property. The improvements provide 3,456 square feet, six bedrooms, five full bathrooms, and four kitchens. The main home also features spacious rooms, walk-in closets, a front porch, mature landscaping, and perennial gardens. A detached two-car garage with a loft adds covered parking and auxiliary space.
The property is located on Crawford Ave near downtown Somerset, within walking distance of Fountain Square, local restaurants, the theater, government buildings, the library, downtown festivals, and the farmers market. Lake Cumberland, I-75, and the Cumberland Parkway are also nearby.
Two separately deeded lots are included, creating a large multi-unit footprint with a combination of residential living areas and rental apartments.
The property is located on Crawford Ave near downtown Somerset, within walking distance of Fountain Square, local restaurants, the theater, government buildings, the library, downtown festivals, and the farmers market. Lake Cumberland, I-75, and the Cumberland Parkway are also nearby.
Two separately deeded lots are included, creating a large multi-unit footprint with a combination of residential living areas and rental apartments.
Key Highlights
- Quadplex configuration with a main residence and 3 additional apartments
- 3,456 square feet on 1 acre across 2 separately deeded lots
- Six bedrooms, five full bathrooms, and four kitchens
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
$26,349
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
4.58%
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%
$526,980
$527.0K
Cap Rate 7%
$376,414
$376.4K
Cap Rate 9%
$292,767
$292.8K
Market Conditions
NOI Build-Up for 3,456 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
$39.4K $11.40/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$37.6K $10.89/SF
− OpEx
−$11.3K −$3.27/SF
NOI
$26.3K $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%
$526,980
Cap Rate 7%
$376,414
Cap Rate 9%
$292,767
Alternative Uses
Best Use
Multifamily LT 5
$376.4K
$329.4K – $439.2K
NOI $26,349 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,477 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$588.8K
$515.2K – $686.9K
NOI $41,215 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
617
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated primary residence with three additional apartments, multiple kitchens, and substantial outdoor space across two lots.
Where is this quadplex located?
The property is located at 126 Crawford Ave Somerset, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Quadplex configuration with a main residence and 3 additional apartments; 3,456 square feet on 1 acre across 2 separately deeded lots; Six bedrooms, five full bathrooms, and four kitchens
