Courtesy: Lake Cumberland Real Estate Professionals
606-677-0059
Don't miss out on this one-level brick quadplex ideally located in the highly desirable north end of Somerset in Melrose Place! This income-producing gem consists of 4 units, each containing 1,288 square feet with 2 generous bedrooms and 2 bathrooms ! Enjoy high ceilings throughout and attractive tile floors that combine style with easy upkeep. Relish the peace-of-mind of brand new shingles installed, plus 2 of the units have carpet newly-laid in the bedrooms & living room! Designed for comfort and convenience, this one-level rental has virtually no steps, making it ideal for anyone seeking accessibility and very low maintenance living. The excellent location puts your lessees close to everything Somerset has to offer, all at an affordable price. Great income potential! Can be sold as a whole are as individual units. Unit B currently listed for $167,500 - See MLS# 26027052. Agents/Part-Owners
Courtesy: Lake Cumberland Real Estate Professionals
606-677-0059
Check out this one-level brick semi-detached patio home superbly located in the highly desirable north end of Somerset in Melrose Place! With 2 generous bedrooms and 2 bathrooms, this 1,288 square foot residence could make the perfect rental! Enjoy high ceilings throughout and attractive tile floors that combine style with easy upkeep. Relish the peace-of-mind of brand new shingles installed, plus carpet newly-laid in the bedrooms & living room! Designed for comfort and convenience, this one-level home has virtually no steps, making it ideal for anyone seeking accessibility and very low maintenance living. The excellent location puts you close to everything Somerset has to offer, all at an affordable price. Great income potential! Agent/Part-Owner
Courtesy: Keller Williams Commonwealth - Somerset
859-721-2121
Now offering this rare opportunity to own a multifamily property in a desirable location downtown Somerset. This property offers immediate income but also an immediate value-add opportunity. This property offers 4 units that offer 2 spacious bedrooms, 1 full bathroom, and a large living area. There is an additional space int he back of the property where the garage is to build another rental unit on this property.
Courtesy: Keller Williams Bluegrass Realty - Lake Cumberland
606-875-1333
Investor Alert! Incredible Income-Producing Opportunity! Don't miss this fantastic investment opportunity featuring three rental units in one property! The spacious main level offers approximately 2,157 square feet with 3 bedrooms and 2 full bathrooms, while the walk-out basement has been thoughtfully divided into two separate apartments—one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit—each with its own electric service. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers outstanding flexibility and earning potential. With ample parking, a convenient location close to shopping, dining, schools, and everyday amenities, this is an opportunity you won't want to miss. Schedule your private showing today and start building your real estate portfolio!
Courtesy: Keller Williams Commonwealth
859-721-2121
$25,000 Price Improvement on this Rare Downtown Property... Main home + 3 Apartments along with 2 lots totaling 1 ACRE !!! For the first time since its solid construction in 1948 this unique and pristinely well maintained property is being offered by an original family member! Nestled on a quiet street just a short walk from historic Fountain Square, this is a dream set up for both owner occupants or investors for either short term or long term rentals in this bustling tourism mecca. Sit on your spacious front porch and enjoy the mature landscaping and perennial gardens before stepping into the fully renovated main home. You will love the more than spacious rooms, walk in closets with more than ample storage. The real magic is the massive income potential: the property sits on an expansive ONE ACRE footprint comprised of 2 separately deeded lots! Included are 3 additional rental units bringing the property total to 6 bedrooms, 5 full bathrooms and 4 kitchens. Perfect for lucrative Airbnb portfolio right next to downtown festivals, farmers market, local restaurants, theater , government buildings and library. Complete with a 2-car detached garage with a bonus loft and all in close proximity to our beautiful Lake Cumberland, I-75 and the Cumberland Parkway. Opportunities like this in the heart of downtown are virtually unheard of. Don't miss out, schedule your tour today!
Courtesy: CENTURY 21 Advantage Realty
606-451-1021
Built in 2023, this beautifully designed 2-story triplex is a rare turnkey investment opportunity in one of Somerset's most desirable locations. This fully occupied triplex offers three well-designed 2-story units, each featuring 2 bedrooms and 1.5 baths. With modern construction, newer appliances, and low-maintenance ownership, investors can enjoy peace of mind with minimal upkeep for years to come. Current rents are below market value, creating immediate opportunity for increased income potential. Ideal for investors seeking strong cash flow and appreciation, or for buyers looking to live in one unit while generating rental income from the other two. This triplex also offers 9-foot ceilings, washer/dryer hookups, and is situated at the end of a quiet residential street which offers privacy and minimal traffic with scenic golf course views. An unmatched setting for tenants and owner-occupants alike. Conveniently located less than 1 mile from major highways, downtown Somerset, schools, shopping, dining, and Lake Cumberland Regional Hospital. A rare opportunity to own a newer multifamily property in a prime location with built-in income and future growth potential. (194 Fairway is also available for purchase - mls#26010383)
Courtesy: CENTURY 21 Advantage Realty
606-451-1021
Built in 2023, this beautifully designed 2-story triplex is a rare turnkey investment opportunity in one of Somerset's most desirable locations. This fully occupied triplex offers three well-designed 2-story units, each featuring 2 bedrooms and 1.5 baths. With modern construction, newer appliances, and low-maintenance ownership, investors can enjoy peace of mind with minimal upkeep for years to come. Current rents are below market value, creating immediate opportunity for increased income potential. Ideal for investors seeking strong cash flow and appreciation, or for buyers looking to live in one unit while generating rental income from the other two. This triplex also offers 9-foot ceilings, washer/dryer hookups, and is situated at the end of a quiet residential street which offers privacy and minimal traffic with scenic golf course views. An unmatched setting for tenants and owner-occupants alike. Conveniently located less than 1 mile from major highways, downtown Somerset, schools, shopping, dining, and Lake Cumberland Regional Hospital. A rare opportunity to own a newer multifamily property in a prime location with built-in income and future growth potential. A second triples (192 Fairway is also available for purchase - mls#26010382)
Courtesy: Keller Williams Commonwealth - Somerset
859-721-2121
Finally— A Luxury Townhome Investment That Actually Make Financial Sense! Now offering these stunning new-construction townhomes that combine luxury finishes with long-term value. Featuring soaring, minimum 12-foot vaulted ceilings throughout, these homes offer a sense of space that rivals most single-family homes. The primary bedroom is truly massive—bigger than what you'd find in many full-sized houses. Made to last a long time, each unit showcases upgraded thick matte black siding and modern tongue-and-groove pressure-treated pine soffits for both style and durability. Tucked away at the end of a quiet dead-end street and backing up to a peaceful open field, these 2-bedroom, 1-bathroom homes offer privacy. You'll also enjoy a covered front porch, side deck, and an oversized one-car garage for added convenience. Inside, the spacious living room easily accommodates your entertainment and lounging setup, while the custom kitchen features built-in cabinetry and granite countertops. Whether you're looking for a beautiful place to live or a smart addition to your investment portfolio, this property delivers. Call today before they're gone!
Somerset is located in Kentucky. Somerset, Kentucky has a population of 11,696. Somerset is more family-centric than the surrounding county with 33.04% of the households containing married families with children. The county average for households married with children is 28.57%.
The median household income in Somerset, Kentucky is $30,107. The median household income for the surrounding county is $42,652 compared to the national median of $69,021. The median age of people living in Somerset is 38.8 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 50 inches per year, with 10.3 inches of snow per year.
