194 Fairway Lane A

Somerset, KY 42503

About this property

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)

About this property

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)

Features and Additional Information

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$625,000 Active
6 Bed(s)
6
Baths
3,600 sqft

Presented By Coldwell Banker McMahan

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Get in touch today! Phone: 1-502-241-8811
Brokerage
CENTURY 21 Advantage Realty
1-606-451-1021
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Area Information

909 Somerset City | Pulaski County | Pulaski County | Somerset City

$ 625,000
This listing is play_arrow 197.8% higher than the average in the area
$ 209,900 in the area
3,600 SqFt
This listing is play_arrow 67.3% larger than the average in the area
2,152 SqFt in the area
$ 174 $/SqFt
This listing is play_arrow 75.9% more than the average in the area
$ 99 $/SqFt in the area
121 days on site
This listing is play_arrow 51.2% below the average in the area
248 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Hopkins
  • turned_in
    Middle School
    Meece
  • turned_in
    High School
    Somerset
Listed By Jessica C Vincent
Brokerage: CENTURY 21 Advantage Realty

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