Courtesy: Keller Williams Commonwealth
859-721-2121
Rare Downtown Somerset Income Producer! 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!
Courtesy: Keller Williams Bluegrass Realty - Lake Cumberland
606-875-1333
**Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat. - **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**. You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities. - **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal. - **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands. **Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience. Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.
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.
