509 Bourne Ave Somerset, KY 42501
Somerset AreaEstimated payment $1,682/month
Highlights
- Ranch Style House
- Bonus Room
- First Floor Utility Room
- Hopkins Elementary School Rated A-
- No HOA
- 2 Car Detached Garage
About This Home
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 Agent
Weichert Realtors Ford Brothers, Inc. License #246377 Listed on: 09/10/2026
Home Details
Home Type
- Single Family
Lot Details
- 21,780 Sq Ft Lot
- Landscaped
Parking
- 2 Car Detached Garage
- Front Facing Garage
- Driveway
Home Design
- Ranch Style House
- Brick Veneer
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,508 Sq Ft Home
- Ceiling Fan
- Living Room
- Dining Room
- Den with Fireplace
- Bonus Room
- First Floor Utility Room
- Washer and Electric Dryer Hookup
- Utility Room
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
Outdoor Features
- Patio
Schools
- Hopkins Elementary School
- Meece Middle School
- Somerset High School
Utilities
- Cooling Available
- Air Source Heat Pump
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 061-8-3-45
Community Details
Overview
- No Home Owners Association
- Downtown Subdivision
Recreation
- Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $282 | $115,000 | $10,000 | $105,000 |
| 2024 | $1,335 | $115,000 | $10,000 | $105,000 |
| 2023 | $300 | $115,000 | $10,000 | $105,000 |
| 2022 | $212 | $80,000 | $80,000 | $0 |
| 2021 | $223 | $80,000 | $80,000 | $0 |
| 2020 | $226 | $80,000 | $80,000 | $0 |
| 2019 | $229 | $80,000 | $80,000 | $0 |
| 2018 | $228 | $80,000 | $80,000 | $0 |
| 2017 | $227 | $80,000 | $80,000 | $0 |
| 2016 | $227 | $80,000 | $80,000 | $0 |
| 2015 | $227 | $80,000 | $80,000 | $0 |
| 2014 | $209 | $110,000 | $110,000 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | For Sale | $299,000 | 0.0% | $119 / Sq Ft | |
| 09/01/2022 09/01/22 | Rented | $3,640 | 0.0% | -- | |
| 09/01/2022 09/01/22 | Under Contract | -- | -- | -- | |
| 09/01/2022 09/01/22 | For Rent | $3,640 | 0.0% | -- | |
| 04/20/2022 04/20/22 | Sold | $125,000 | -16.7% | $50 / Sq Ft | View Prior Sale |
| 02/21/2022 02/21/22 | Pending | -- | -- | -- | |
| 12/02/2021 12/02/21 | For Sale | $150,000 | -- | $60 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $45,000 | Attorney Only | |
| Grant Deed | $80,300 | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 26024894
APN: 061-8-3-45
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.
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Ask me questions while you tour the home.