194 Fairway Lane A, B, C, Somerset, KY 42503

$625,000
Property Type: Residential Income Bedrooms: 6 Baths: 6 Square Footage: 3,600 Lot Size (sq. ft.): 42,253 Status: Active
Current Price: $625,000 List Date: 5/09/2026 Last Modified: 5/09/2026

Overview

Description

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, ...

Listing Details MLS# 26010383

Listing Information

Comp Sale YN
No
Property Sub Type
Triplex

Status Change Information

Status Change Timestamp
2026-05-09

Address

County
Pulaski
Street Number
194
Street Name
Fairway
Street Suffix
Lane
Unit Number
A, B, C
State
KY
Zip Code
42503
Directions
Head East on Hwy 80, turn left on 1247 (Crab Orchard), turn left o University Dr, then right on Fairway.
Parcel Number
060-6-2-16.4.1

Contract

Original List Price
625000
Start Showing Date
2026-05-09
Listing Contract Date
2026-05-04
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
644329.9
List Price/SqFt
173.61

Tax Legal

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

Interior

Bedrooms Total
6
Bathrooms Total
6
Bathrooms Full
3
Bathrooms Half
3
Living Area
3600
Living Area Source
Public Records

More Information

Parking Information

Parking Total
2

Building

Year Built
2023
Stories Total
2
Accessibility Features YN
No

Lot

Lot Size Acres
0.97
Lot Size Square Feet
42253.2

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
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)

Building and Property Details

Building Expansion Potential YN
No
Age of Roof
3

Showing Information

Showing Instructions
Call ST or LA

Tax & Legal

Elementary School
Hopkins
Middle Or Junior School
Meece
High School
Somerset
Tax Rate
11.9

Association/Community

Number Of Buildings
1
Number Of Units Total
3

Cooling

Electric
Yes
Heat Pump
Yes

Heating

Electric
Yes
Heat Pump
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Parking Features

Open
Yes

Possession

Close Of Escrow
Yes

Roof

Composition
Yes
Shingle
Yes

Structure Type

Triplex
Yes

Showing Requirements

Call Listing Agent
Yes
Showing Service
Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Laundry Features: Electric Dryer Hookup; Washer Hookup Parking Features: Open Possession: Close Of Escrow Roof: Composition; Shingle Structure Type: Triplex Showing Requirements: Call Listing Agent; Showing Service
Listing Office: CENTURY 21 Advantage Realty
Last Updated: May - 09 - 2026
Information deemed reliable but not guaranteed.