Quadplex with Detached
126 Crawford Ave, Somerset, KY 42501
For Sale
$525,000
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$151.91
Days on Market167
Property Features for 126 Crawford Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Keller Williams Commonwealth
(859) 721-2121
Listed By:
Tamara J Prewitt · License KY #216814
(859) 806-3388
Source:
Exprealty
Added: May 28
Changed: Nov 1
Last Checked: Nov 8 at 11:44AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$26,349
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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 5.02%
Second Best
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,477 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$588.8K
$515.2K – $686.9K
NOI $41,215 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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 $525,000.
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
