New-Construction Duplex with
For Sale
$183,500
323 Randolph St, Somerset, KY 42501
Two-bedroom units feature vaulted ceilings, covered porches, side decks, and custom kitchens with granite countertops.
Property Size1,000 SF
Price / SF$183.50
Days on Market70
Property Features for 323 Randolph St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi-Family
Amenities
covered front porch
side deck
oversized one-car garage
Building Details
Year Built
2025
Listing Agency:
Keller Williams Commonwealth - Somerset
Listed By:
Nathanael Sears
(606) 425-6632
Source:
Centralkyhomesforsale
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 4:53PM
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 - Somerset
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Investment Insights
Based on property information with market context.
This new-construction duplex offers two-bedroom, one-bathroom townhome-style units with a practical residential layout. Each home includes minimum 12-foot vaulted ceilings, a generously sized primary bedroom, a living room, and a custom kitchen with built-in cabinetry and granite countertops. Exterior construction includes thick matte black siding and tongue-and-groove pressure-treated pine soffits.
The property sits at the end of a quiet dead-end street and backs to an open field. Each unit has a covered front porch, side deck, and oversized one-car garage, adding outdoor and storage space to the floor plan. Located at 323 Randolph St in Somerset, KY, the duplex presents a new-build multifamily configuration with townhome-style interiors and separate garage accommodations.
The property sits at the end of a quiet dead-end street and backs to an open field. Each unit has a covered front porch, side deck, and oversized one-car garage, adding outdoor and storage space to the floor plan. Located at 323 Randolph St in Somerset, KY, the duplex presents a new-build multifamily configuration with townhome-style interiors and separate garage accommodations.
Key Highlights
- New‑construction duplex with two‑bedroom, one‑bathroom units
- Minimum 12‑foot vaulted ceilings throughout each home
- Custom kitchens with built‑in cabinetry and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,624
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,480
$152.5K
Cap Rate 7%
$108,914
$108.9K
Cap Rate 9%
$84,711
$84.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$11.4K $11.40/SF
− Vacancy
−$508 −$0.51/SF
EGI
$10.9K $10.89/SF
− OpEx
−$3.3K −$3.27/SF
NOI
$7.6K $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%
$152,480
Cap Rate 7%
$108,914
Cap Rate 9%
$84,711
Alternative Uses
Best Use
Multifamily LT 5
$108.9K
$95.3K – $127.1K
NOI $7,624 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$97.0K
$84.9K – $113.2K
NOI $6,793 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature vaulted ceilings, covered porches, side decks, and custom kitchens with granite countertops.
Where is this duplex located?
The property is located at 323 Randolph St Somerset, KY.
What is the asking price?
The asking price for this property is $183,500.
What are key features of this property?
This property features: New‑construction duplex with two‑bedroom, one‑bathroom units; Minimum 12‑foot vaulted ceilings throughout each home; Custom kitchens with built‑in cabinetry and granite countertops
