Duplex with Covered
For Sale
$183,500
323 Randolph Street, Somerset, KY 42501
Residential, Somerset, KY
Property Size1,000 SF
Lot Size0.10 Acres
Price / SF$183.50
Days on Market48
Property Features for 323 Randolph Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bathroom 1
Interior features
Eat-in Kitchen
Appliances
Dishwasher, Microwave, Refrigerator, Range, Dishwasher, Microwave, Refrigerator, Range
Elementary school
Somerset
Middle school
Somerset
High school
Somerset
Elementary school district
Somerset Independent
Middle school district
Somerset Independent
High school district
Somerset Independent
Directions
From east mount vernon Street, turn onto Randolph Street. Travel about .3 miles all the way to the very end. The property is on your right.
Subdivision
909 - Somerset City, Pulaski County
Standard status
Active
APN
076-1-2-04.3
Size
1,000 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
covered front porch
side deck
custom kitchen
built-in cabinetry
granite countertops
oversized attached garage
Building Details
Year built
2025
Floors in Building
1
Flooring type
Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Commonwealth - Somerset · Keller Williams Realty
(859) 721-2121
Listed By:
Nathanael Sears
(606) 425-6632
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 7 at 5:06PM
MLS# 26022840
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.
This 2025 duplex is under construction and offers two-bedroom, one-bathroom residences. Each home features a living room, laundry room, eat-in kitchen with built-in cabinetry and granite countertops, and an attached garage. Covered front porches and side decks extend the living space outdoors. The property measures 1,000 square feet on a 0.1-acre lot.
Set at the end of a dead-end street, the property backs onto an open field. Public water and sewer serve the site. Building features include metal siding, a metal roof, vinyl flooring, electric heating, and electric cooling. Kitchen appliances include a dishwasher, microwave, refrigerator, and range.
Set at the end of a dead-end street, the property backs onto an open field. Public water and sewer serve the site. Building features include metal siding, a metal roof, vinyl flooring, electric heating, and electric cooling. Kitchen appliances include a dishwasher, microwave, refrigerator, and range.
Key Highlights
- Two‑bedroom, one‑bathroom residences
- 1,000 square feet on a 0.1‑acre lot
- 2025 construction; currently under construction
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
147
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an eat-in kitchen, a side deck, and an attached garage.
Where is this duplex located?
The property is located at 323 Randolph Street 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: Two‑bedroom, one‑bathroom residences; 1,000 square feet on a 0.1‑acre lot; 2025 construction; currently under construction
