11 Midland Meadows Drive, Somerset, KY 42503

$598,000
Property Type: Residential Income Bedrooms: 9 Baths: 6 Square Footage: 4,224 Lot Size (sq. ft.): 61,855 Status: Active
Current Price: $598,000 List Date: 4/23/2026 Last Modified: 5/11/2026

Overview

Description

Turnkey, income-producing triplex built in 2025 and ideally located just off Highway 27 in Somerset. Positioned in a high-demand rental corridor near grocery stores, retail, dining, schools, and major employers. Each unit offers 3 bedrooms and 2 full baths with an open living and kitchen layout, stainless steel appliances, and first-floor washer and dryer hookups. All three units are currently leased, providing immediate cash flow. Situated on 1.42 acres, this property was intentionally developed for scalability. Major infrastructure is already in place, including: Sewer and water installation Private road construction Large paved parking area Commercial mailbox system with capacity for up to 16 units Dumpster enclosure walls The site offers space for two additional dwellings, allowing the next owner to increase density and cash flow without repeating major development costs. Excellent visibility and accessibility near Hwy 27, yet tucked into an established residential area. Income tod ...

Listing Details MLS# 26008877

Listing Information

Comp Sale YN
No
Property Sub Type
Triplex

Status Change Information

Price Change Timestamp
2026-05-11T19:01:44Z
Status Change Timestamp
2026-04-23

Address

County
Pulaski
Street Number
11
Street Name
Midland Meadows
Street Suffix
Drive
State
KY
Zip Code
42503
Directions
From US-27 S, turn right onto Grand Central Blvd, go half mile (0.5), take slight right onto Midland Meadow Drive. Bottom triplex. Look for signage. Latitude: 37.058654 Longitude: -84.630639
Parcel Number
062-1-3-22

Contract

Original List Price
620000
Start Showing Date
2026-04-23
Listing Contract Date
2026-02-11
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/Acre
421126.76
List Price/SqFt
141.57

Tax Legal

MLS Area Major
909 - Somerset City, Pulaski County
Subdivision Name
Rural
High School District
Pulaski County - 45

Interior

Bedrooms Total
9
Bathrooms Total
6
Bathrooms Full
6
Living Area
4224
Living Area Source
Public Records
Bathrooms Half
0

More Information

Building

Year Built
2025
Accessibility Features YN
No

Lot

Lot Size Acres
1.42
Lot Size Square Feet
61855.2

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Turnkey, income-producing triplex built in 2025 and ideally located just off Highway 27 in Somerset. Positioned in a high-demand rental corridor near grocery stores, retail, dining, schools, and major employers. Each unit offers 3 bedrooms and 2 full baths with an open living and kitchen layout, stainless steel appliances, and first-floor washer and dryer hookups. All three units are currently leased, providing immediate cash flow. Situated on 1.42 acres, this property was intentionally developed for scalability. Major infrastructure is already in place, including: Sewer and water installation Private road construction Large paved parking area Commercial mailbox system with capacity for up to 16 units Dumpster enclosure walls The site offers space for two additional dwellings, allowing the next owner to increase density and cash flow without repeating major development costs. Excellent visibility and accessibility near Hwy 27, yet tucked into an established residential area. Income today. Expansion tomorrow. Owner is a Kentucky licensed real estate agent.

Tax & Legal

Elementary School
Oakhill
Middle Or Junior School
Southern
High School
Southwestern
Tax Rate
8.66

Cooling

Heat Pump
Yes

Heating

Heat Pump
Yes

Laundry Features

Electric Dryer Hookup
Yes
Main Level
Yes
Washer Hookup
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Structure Type

Triplex
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Cooling: Heat Pump Heating: Heat Pump Laundry Features: Electric Dryer Hookup; Main Level; Washer Hookup Possession: Close Of Escrow Roof: Shingle Structure Type: Triplex Showing Requirements: Call Listing Agent
Listing Office: High Point Realty & Auction
Last Updated: May - 11 - 2026
Information deemed reliable but not guaranteed.