Three-Unit Residential
208 Auburn Avenue, Somerset, KY 42503
For Sale
$344,900
Residential Income, Somerset, KY
Property Size4,314 SF
Lot Size0.35 Acres
Price / SF$79.95
Days on Market143
Property Features for 208 Auburn Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Bluegrass Realty - Lake Cumberland
Listed By:
Millie King Weaver · License #208856
(606) 875-1333
Added: Jun 18
Changed: Oct 29
Last Checked: Nov 7 at 1:06PM
MLS# 26014349
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.
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.
Built in 1970, this 4,314-square-foot triplex contains three residential units. The main level provides approximately 2,157 square feet with three bedrooms and two full bathrooms. A walk-out basement contains two additional apartments: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Each basement apartment has its own electric service.
The property sits on a 0.345-acre lot and includes ample parking. Heating is provided by heat pumps and electric systems, while cooling includes central air and window units. The property is located near shopping, dining, schools, and everyday amenities.
The property sits on a 0.345-acre lot and includes ample parking. Heating is provided by heat pumps and electric systems, while cooling includes central air and window units. The property is located near shopping, dining, schools, and everyday amenities.
Key Highlights
- Three rental units in one 4,314‑square‑foot property
- Main level includes approximately 2,157 square feet, 3 bedrooms, and 2 full bathrooms
- Walk‑out basement divided into a 2‑bedroom, 1‑bath apartment and a 1‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,305
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,100
$586.1K
Cap Rate 7%
$418,643
$418.6K
Cap Rate 9%
$325,611
$325.6K
Market Conditions
NOI Build-Up for 4,314 SF
Gross rent
$55.9K $12.96/SF
− Vacancy
−$2.6K −$0.61/SF
EGI
$53.3K $12.35/SF
− OpEx
−$24.0K −$5.56/SF
NOI
$29.3K $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%
$586,100
Cap Rate 7%
$418,643
Cap Rate 9%
$325,611
Alternative Uses
Best Use
Multifamily LT 5
$469.9K
$411.1K – $548.2K
NOI $32,890 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,305 @ 7.0% cap · market cap 8.50%
Theoretical Best
Specialty Retail
$735.0K
$643.1K – $857.5K
NOI $51,447 @ 7.0% cap · market cap 14.92%
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
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 42503, KY
24,670
Population
11,588
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
85%
High-School Grad
129.5 sq mi
ZIP Area
191
Density / Sq Mi
$53,377
Median Household Income
$35,319
Median Earnings
$873
Median Rent
$198,500
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?
Triplex - Three separate residences combine a primary home with two basement apartments and individual electric service for each lower-level unit.
Where is this triplex located?
The property is located at 208 Auburn Avenue Somerset, KY.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Three rental units in one 4,314‑square‑foot property; Main level includes approximately 2,157 square feet, 3 bedrooms, and 2 full bathrooms; Walk‑out basement divided into a 2‑bedroom, 1‑bath apartment and a 1‑bedroom, 1‑bath apartment
