Ranch Duplex With Finished
New
For Sale
$199,000
314 Park Avenue, Somerset, KY 42503
MULTI_FAMILY - Ranch - Somerset, KY
Property Size1,500 SF
Lot Size0.42 Acres
Price / SF$132.67
Days on Market1
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
Bathroom 1, Utility Room, Basement, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 1
Parking features
Driveway, Garage, Garage - Attached
Interior features
Eat-in Kitchen, Ceiling Fan(s)
Basement
Walk-Out Access, Walk-Up Access, Finished
Appliances
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
Ceiling Fan(s), Electric, Central Air, Heat Pump
Water source
Public
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
Listing Agency:
Premier Properties of Lake Cumberland, Inc.
(606) 676-0707
Listed By:
Christina Jones
(606) 341-0974
Added: Jul 31
Last Checked: Jul 31 at 10:06PM
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.
Investment Insights
Based on property information with market context.
Brand-new under-construction ranch duplex featuring two bedrooms and two full bathrooms. The layout includes an eat-in kitchen and ceiling fans, with practical interior spaces that extend into a finished basement. The basement includes a large room that could be used as a third bedroom, along with an additional room that may work as an office, hobby room, or extra storage. The basement floor is planned to be finished prior to closing.
Construction materials include brick veneer and metal siding, supported by a metal roof. The home includes an attached garage and a driveway, with heating provided by a heat pump and electric system, and cooling via central air. Appliances listed include a dishwasher, refrigerator, and range.
The property is on a 0.42-acre lot with public water and public sewer service.
Construction materials include brick veneer and metal siding, supported by a metal roof. The home includes an attached garage and a driveway, with heating provided by a heat pump and electric system, and cooling via central air. Appliances listed include a dishwasher, refrigerator, and range.
The property is on a 0.42-acre lot with public water and public sewer service.
Key Highlights
- Under‑construction 2025 ranch duplex with finished basement planned prior to closing
- Two bedrooms and two full bathrooms on a spacious, functional layout
- Finished basement includes a large room that could serve as a third bedroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $11.40 |
| − Vacancy | −$763 | −$0.51 |
| EGI | $16.3k | $10.89 |
| − OpEx | −$4.9k | −$3.27 |
| NOI | $11.4k | $7.62 |
1,500 SF · lease $11.40/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.6K
NOI $11,436 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$145.6K
$127.4K – $169.8K
NOI $10,189 @ 7.0% cap · market cap 5.12%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction ranch duplex with a finished basement, offering two bedrooms and two full baths, plus an attached garage.
Where is this duplex 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: Under‑construction 2025 ranch duplex with finished basement planned prior to closing; Two bedrooms and two full bathrooms on a spacious, functional layout; Finished basement includes a large room that could serve as a third bedroom
