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    Somerset, KY Multifamily Properties for Sale

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    Triplex Income Property
    Updated: Jun 18
    Triplex Income Property

    208 Auburn Avenue, Somerset, KY 42503

    $359,900
    4,314 sqft 0.35 AC lot
    6 bedrooms and 4 bathrooms
    Year built: 1970
    Central air cooling
    Window unit(s) cooling
    Heating includes electric heat
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    This listing looks promising.

    Here's a quick look at some key insights for

    208 Auburn Avenue, Somerset, KY 42503

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $470K
      Above asking

    • Property Type

      Single Family Residence
      Built 1970
    View Property Analytics
    New Triplex Investment Opportunity
    Updated: May 4
    New Triplex Investment Opportunity

    192 Fairway Lane, Somerset, KY 42503

    $625,000
    3,600 sqft 0.97 AC lot
    Built in 2023: 2‑story triplex with three units, each with 2 bedrooms and 1.5 baths
    Fully occupied triplex with current rents listed as below market value
    Each unit features 9‑foot ceilings and washer/dryer hookups
    Heating includes heat pump and electric; cooling includes heat pump and electric
    Composition/shingle roof and open parking
    View details
    New Triplex Investment Opportunity
    New Triplex Investment Opportunity

    194 Fairway Lane, Somerset, KY 42503

    $625,000
    3,600 sqft 0.97 AC lot

    New construction triplex with income potential in Somerset, Kentucky.

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    Secluded Acres with Rental Cabins
    Secluded Acres with Rental Cabins

    265 LOST LODGE RD, Somerset, KY 42501

    $1,450,000
    12.50 AC lot

    Established property with cabins and RV pads on 12.5 acres.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    New-Construction Townhome Duplex
    New-Construction Townhome Duplex

    323 Randolph Street, Somerset, KY 42501

    $338,700
    2,100 sqft 0.20 AC lot

    New-construction 2-bedroom, 1-bath townhome units with 12-foot vaulted ceilings, covered porch, deck, and an oversized one-car garage.

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    Somerset Multifamily Investment Opportunity
    Somerset Multifamily Investment Opportunity

    11 Dalton Lane, Somerset, KY 42503

    $499,900
    1,000 sqft 2.06 AC lot

    Multifamily property with 11 units near local boatramp.

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    Somerset Multifamily Investment Opportunity
    Somerset Multifamily Investment Opportunity

    11 Dalton Lane, Somerset, KY 42503

    $499,900
    2.06 AC lot

    Thriving multi-family property with 11 units near local boatramp.

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    Multifunction Development Land with Pond
    Multifunction Development Land with Pond

    4777 W Hwy 80, Somerset, KY 42503

    $349,000
    12.30 AC lot

    Land with an on-site pond, utilities, and an RV park setup, offered with subdivision flexibility.

    View details
    Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 8 Active listings in Somerset, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    98X3 Hwy. 1611, Russell Springs, KY 42642

    $649,900
    4,800 sqft 0.30 AC lot

    Three newly built homes offer multiple-bedroom flexibility for residential or short-term rental operations near Lake Cumberland.

    View details
    Monticello, KY Investment Opportunity
    Monticello, KY Investment Opportunity

    1768 W Kentucky 92, Monticello, KY 42633

    $499,000
    1.00 AC lot

    Rental and storage facility near boat ramps and Beaver Creek Marina.

    View details
    RV Resort Storage Lot with Overhang
    RV Resort Storage Lot with Overhang

    193 Highway 1383 LOT W9, Russell Springs, KY 42642

    $92,500
    0.10 AC lot

    Lot W-9 includes a covered overhang and enclosed storage in an RV resort setting with HOA-managed amenities.

    View details
    Highway 92 Investment Opportunity
    Highway 92 Investment Opportunity

    1768 E Highway 92, Monticello, KY 42633

    $499,000

    Rental and storage facility near boat ramps and marina.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Unrestricted Acreage with Spring-Fed Pond
    Unrestricted Acreage with Spring-Fed Pond

    1245 Bridge Hollow Road, Somerset, KY 42503

    $369,900
    25.84 AC lot

    Unrestricted 25.84-acre property with a spring-fed pond, suited for custom homes or flexible development in Pulaski County.

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    Land Near Lake Cumberland
    Land Near Lake Cumberland

    311 Willow Oaks Dr, Nancy, KY 42544

    $75,000
    3.04 AC lot

    3.04 acres near Lee's Ford Marina.

    View details
    Land Near Lake Cumberland
    Land Near Lake Cumberland

    311 Willow Oak, Nancy, KY 42544

    $75,000
    3.04 AC lot

    3.04 acres near Lee's Ford Marina.

    View details
    Land Near Garland Bend Boat
    Land Near Garland Bend Boat

    68 Colonel Drive, Burnside, KY 42519

    Contact for pricing
    0.98 AC lot

    Five lots totaling nearly an acre in Garland Bend Subdivision.

    View details

    Off-Market Properties in Somerset, KY

    Consider similar Off-Market properties in Somerset, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    235 Somerset Church Rd
    APARTMENT HOUSE (5+ UNITS)

    235 Somerset Church Rd, Somerset, KY 42503-4983

    Value Estimation by Request
    4,752 sqft 0.73 AC lot
    View details
    206 Jarvis Ave
    APARTMENT HOUSE (5+ UNITS)

    206 Jarvis Ave, Somerset, KY 42501-1884

    Value Estimation by Request
    4,348 sqft
    View details
    1750 Cedar Grv Rd
    APARTMENT HOUSE (5+ UNITS)

    1750 Cedar Grv Rd, Somerset, KY 42501-5027

    Value Estimation by Request
    5,956 sqft 0.45 AC lot
    View details
    100 Neighborly Way
    APARTMENT HOUSE (5+ UNITS)

    100 Neighborly Way, Somerset, KY 42503-6147

    Value Estimation by Request
    6.02 AC lot
    View details
    510 Mt Vernon St
    APARTMENT HOUSE (5+ UNITS)

    510 Mt Vernon St, Somerset, KY 42501-1342

    Value Estimation by Request
    7,183 sqft 0.26 AC lot
    View details
    1532 Hwy 27
    BOARDING/ROOMING HOUSE

    1532 Hwy 27, Somerset, KY 42501-2918

    Value Estimation by Request
    8,500 sqft 1.83 AC lot
    View details
    17 Weyland Dr
    APARTMENT HOUSE (5+ UNITS)

    17 Weyland Dr, Somerset, KY 42503-8013

    Value Estimation by Request
    1.23 AC lot
    View details
    Sycamore St
    APARTMENT HOUSE (5+ UNITS)

    Sycamore St, Somerset, KY 42501

    Value Estimation by Request
    View details
    119 Speedway Dr
    APARTMENT HOUSE (5+ UNITS)

    119 Speedway Dr, Somerset, KY 42503-1559

    Value Estimation by Request
    6,240 sqft
    View details
    175 Shopville Rd
    APARTMENT HOUSE (5+ UNITS)

    175 Shopville Rd, Somerset, KY 42503-5411

    Value Estimation by Request
    780 sqft
    View details
    102 Sallee St
    APARTMENT HOUSE (5+ UNITS)

    102 Sallee St, Somerset, KY 42501-7300

    Value Estimation by Request
    4,608 sqft
    View details
    350 Pumphouse Rd
    APARTMENT HOUSE (5+ UNITS)

    350 Pumphouse Rd, Somerset, KY 42503-4973

    Value Estimation by Request
    9,823 sqft 1.97 AC lot
    View details
    110 Pettus Pt
    APARTMENT HOUSE (5+ UNITS)

    110 Pettus Pt, Somerset, KY 42501-1184

    Value Estimation by Request
    6,480 sqft
    View details
    200 Pearl Dr
    APARTMENT HOUSE (5+ UNITS)

    200 Pearl Dr, Somerset, KY 42503-4823

    Value Estimation by Request
    14,634 sqft 2.16 AC lot
    View details
    132 Pearl Dr
    APARTMENT HOUSE (5+ UNITS)

    132 Pearl Dr, Somerset, KY 42503-4867

    Value Estimation by Request
    3,306 sqft 0.71 AC lot
    View details
    390 Parkers Ml Rd
    APARTMENT HOUSE (5+ UNITS)

    390 Parkers Ml Rd, Somerset, KY 42501-3153

    $545,000
    Estimated value
    3.00 AC lot
    View details

    Somerset, KY Multifamily Properties Market Trends and Statistics

    Explore 71 multifamily properties for sale in Somerset, KY, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 12,514 square feet of properties for sale, with an estimated market value of $2,109,800.

    Sale prices for multifamily properties in Somerset, KY start at $359,900, averaging $527,450, and reaching up to $625,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 3
    Apartment buildings 2
    Mobile home & RV parks 2

    Demographics Overview

    Population 43K
    Population Growth (5Y) +4.0%
    Median Household Income $51,787
    College Educated 19.4%

    High-Yield Neighborhoods for Investment

    Identify Somerset submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    42503 $478.1K
    42501 $894.4K

    Listings Trend

    New vs delisted commercial listings in Pulaski County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Pulaski County

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