509 Bourne Avenue, Somerset, KY 42501

$299,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,508 Lot Size (sq. ft.): 21,780 Status: Active
Current Price: $299,000 List Date: 9/10/2026 Last Modified: 9/10/2026

Overview

Description

Turnkey Income Property in Somerset - Currently Generating $4,000/Month! Don't miss this incredible investment opportunity at 509 Bourne Avenue! Currently operating as a successful boarding house, this property has provided the current owner with excellent rental income and is ready for a new investor to step right in. The home features 3 bedrooms, 2.5 bathrooms, and 2 versatile bonus rooms—perfect for maximizing rental potential or additional living space. You'll also find a spacious living room, functional kitchen, convenient utility room, and a detached garage for extra storage or parking. Recent updates include flooring throughout the main living areas and a brand-new roof installed in 2023, offering peace of mind and reduced maintenance costs for years to come. Whether you're an experienced investor looking to add a proven income producer to your portfolio, or you're interested in converting this versatile layout to suit your own needs, this property checks all the boxes.

Listing Details MLS# 26024894

Listing Information

Comp Sale YN
No
Property Sub Type
Single Family Residence

Status Change Information

Status Change Timestamp
2026-09-10

Address

County
Pulaski
Street Number
509
Street Name
Bourne
Street Suffix
Avenue
State
KY
Zip Code
42501
Zip +4
1909
Directions
Hwy 27, head east on Oak Hill Rd, turn left onto Monticello St, then right onto Murphy Ave, then left onto Bourne Ave. Property is on the right, just before the stop sign.
Parcel Number
061-8-3-45
Tax District
Somerset City (22)

Contract

Original List Price
299000
Start Showing Date
2026-09-10
Listing Contract Date
2026-09-09
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
119.22

Tax Legal

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

Interior

Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Above Grade Finished Area
2508
Above Grade Unfinished Area
780
Living Area
2508
Living Area Source
Public Records
Basement YN
No
Fireplace YN
Yes
Fireplaces Total
Yes

More Information

Parking Information

Garage YN
Yes
Garage Spaces
2
Carport YN
No

Building

Year Built
9999
Accessibility Features YN
No

Lot

Lot Size Source
Public Records
Lot Size Acres
0.5
Lot Size Square Feet
21780
Pool Private YN
No
Waterfront YN
No
Water Body Access YN
No
Horse YN
No

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Turnkey Income Property in Somerset - Currently Generating $4,000/Month! Don't miss this incredible investment opportunity at 509 Bourne Avenue! Currently operating as a successful boarding house, this property has provided the current owner with excellent rental income and is ready for a new investor to step right in. The home features 3 bedrooms, 2.5 bathrooms, and 2 versatile bonus rooms—perfect for maximizing rental potential or additional living space. You'll also find a spacious living room, functional kitchen, convenient utility room, and a detached garage for extra storage or parking. Recent updates include flooring throughout the main living areas and a brand-new roof installed in 2023, offering peace of mind and reduced maintenance costs for years to come. Whether you're an experienced investor looking to add a proven income producer to your portfolio, or you're interested in converting this versatile layout to suit your own needs, this property checks all the boxes.

Amenity Fee Details

Amenity Fee YN
No

Showing Information

Showing Instructions
Tenant Occupied. Listing agent must accompany. Call/text Tod Bertram 606-278-0138 or Sarah Adkisson 606-255-6321

Room Types

Bathroom 1 Level
First
Bathroom 2 Level
First
Bathroom 3 Level
First
Bedroom 1 Level
First
Bedroom 2 Level
First
Bedroom 3 Level
First
Bonus Room Level
First
Dining Room Level
First
Kitchen Level
First
Living Room Level
First
Primary Bedroom Level
First
Utility Room Level
First

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Appliances: Dishwasher; Range; Refrigerator Architectural Style: Ranch Community Features: Park Construction Materials: Brick Veneer Cooling: Heat Pump Fencing: None Fireplace Features: Den Flooring: Laminate; Tile Foundation Details: Slab Heating: Natural Gas Interior Features: Ceiling Fan(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One Lot Features: Landscaped Parking Features: Detached Garage; Driveway; Garage Faces Front Patio And Porch Details: Rear Patio Patio And Porch Features: Patio Possession: Rental Agreement; Subject To Tenant Rights Roof: Composition Sewer: Public Sewer Structure Type: House Water Source: Public Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; Showing Service Room Types: Bathroom 1; Bathroom 2; Bathroom 3; Bathroom 5; Bedroom 1; Bedroom 2; Bedroom 3; Bonus Room; Dining Room; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name Level
Primary Bedroom First
Kitchen First
Living Room First
Bedroom 2 First
Bedroom 3 First
Bathroom 1 First
Bathroom 2 First
Bathroom 3 First
Bonus Room First
Bonus Room First
Dining Room First
Utility Room First
Listing Office: Weichert Realtors Ford Brothers, Inc.
Last Updated: September - 10 - 2026
Information deemed reliable but not guaranteed.