Duplex with Basement Bonus
For Sale
$199,000
314 Park Avenue, Somerset, KY 42503
Residential, Somerset, KY
Property Size1,500 SF
Lot Size0.42 Acres
Price / SF$132.67
Days on Market99
Property Features for 314 Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Utility Room, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement
Parking features
Garage - Attached, Garage, Driveway
Interior features
Eat-in Kitchen, Ceiling Fan(s)
Basement
Walk-Out Access, Walk-Up Access, Finished
Appliances
Dishwasher, Refrigerator, Range, Dishwasher, Refrigerator, Range
Elementary school
Hopkins
Middle school
Meece
High school
Pulaski Co
Elementary school district
Pulaski County - 45
Middle school district
Pulaski County - 45
High school district
Pulaski County - 45
Directions
From US-27 turn Right on east 80, Turn Left at on Clifty street, and Take the first right on park Ave, home on left, see signs.
Subdivision
909 - Somerset City, Pulaski County
Standard status
Active
APN
060-0-1-02
Size
1,500 SF
Lot size
0.42 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
attached garage
Building Details
Year built
2025
Floors in Building
1
Flooring type
Hardwood, Concrete
Building materials
Brick Veneer, Metal Siding
Roof type
Metal
Architectural style
Ranch
Buildings
1
Listing Agency:
Premier Properties of Lake Cumberland, Inc.
(606) 676-0707
Listed By:
Christina Jones
(606) 341-0974
Added: Jul 31
Changed: Oct 29
Last Checked: Nov 6 at 8:06AM
MLS# 26020572
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.
This 2025 duplex offers 2 bedrooms, 2 full bathrooms, and approximately 1,500 square feet of living area. The basement adds a bonus room and a separate room that can serve as an office, hobby area, or storage. An attached garage is included, and the lot measures 0.42 acres.
The adjoining unit is also available for purchase, allowing the units to be acquired individually or together. Public water and sewer serve the property.
The adjoining unit is also available for purchase, allowing the units to be acquired individually or together. Public water and sewer serve the property.
Key Highlights
- 2025‑built duplex with 2 bedrooms and 2 full bathrooms
- Approximately 1,500 square feet of living area
- Basement includes a bonus room and a separate room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,189
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,780
$203.8K
Cap Rate 7%
$145,557
$145.6K
Cap Rate 9%
$113,211
$113.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$19.4K $12.96/SF
− Vacancy
−$914 −$0.61/SF
EGI
$18.5K $12.35/SF
− OpEx
−$8.3K −$5.56/SF
NOI
$10.2K $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%
$203,780
Cap Rate 7%
$145,557
Cap Rate 9%
$113,211
Alternative Uses
Best Use
Apartment 5plus
$145.6K
$127.4K – $169.8K
NOI $10,189 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$255.5K
$223.6K – $298.1K
NOI $17,888 @ 7.0% cap · market cap 8.99%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
514
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
Frequently Asked Questions
What type of property is this?
Residential income property - The basement includes a bonus room and a separate room suited to office, hobby, or storage use.
Where is this residential income property located?
The property is located at 314 Park Avenue Somerset, KY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2025‑built duplex with 2 bedrooms and 2 full bathrooms; Approximately 1,500 square feet of living area; Basement includes a bonus room and a separate room
