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120 Salter Road Berea, KY $ 314,999
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$ 314,999 Get more info
120 Salter Road
$ 314,999
Back to search
Share Save

120 Salter Road

Berea, KY, 40403
$ 314,999
Bedrooms8 Baths4.0 Sq 3,200

Monthly Estimate*

$ 1,965

120 Salter Road, Berea, KY 40403 - Image 1
120 Salter Road, Berea, KY 40403 - Image 2

Multi-Family Home for sale in Berea, KY

for $314,999 with 8 bedrooms and 4 full baths. This 3,200 square foot home was built in 1997 on a lot size of 0.35.

Investor Alert! Fully occupied 4-plex offering immediate income with a total monthly rent of 2,775! This well-maintained property features four 1-level units—two upstairs units with front access, and two lower-level units with private entrances from the back. Each unit includes individual parking right at the door, a refrigerator and range, and convenient washer/dryer hookups. Tenants pay their own electric bills, keeping landlord expenses low. Three of the four units are secured with leases extending into late winter and summer of 2026, providing long-term stability. The fourth unit is currently month-to-month, offering flexibility for future rental adjustments. Whether you're a seasoned investor or just starting your portfolio, this property delivers strong cash flow and solid rental history. Don't miss this turnkey opportunity!

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Multi-Family Active

Price

$ 314,999

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.35

Year Built

1997

Town/City

Berea

County/Region

Madison

MLS | Web ID

25500831
Features
General
Utilities Electricity Connected Sewer Connected Water Connected
Possession Subject To Tenant Rights
Roof Shingle
Year Built 1997
Property Subtype Quadruplex
Parcel Number 071A-0000-0010
County Madison
New Construction N
Property Type Residential Income
Subdivision Name Rural
Full Baths 4
Status Active
Directions From I-75 South take Exit 83 for Duncannon Lane (2872). Remain on Duncannon Lane for left on Caleat Road in .5 miles. Left on Menelaus Road 1.4 miles. Left on Salter Road in 2.9 miles - quaddruple
High School Madison So
City Berea
High School District Madison County - 8
Number Of Units Total 4
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 15132.74
Elementary School Kirksville
Land Lease Y/N N
Middle/Junior High School Farristown
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Quadruplex
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 0.35
Number of Buildings 1
Building Area Total 3200.0
Lot Size Acres 0.35
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N N
Heating Y/N N
Half Baths 0
Total Bedrooms 8
Total Baths 4
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* Excluded Features
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$1,965
Per Month
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Monthly Principal & Interest
$1,965
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3289686 Elementary School
3292774 Middle School
Madison So High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/29/2025$314,999 -1.56% Price Down
9/9/2025$320,000 Listed Price

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120 Salter Road, Berea, KY, 40403 is a Multi-Family Home for sale at $314,999 with 3,200 sqft and a lot size of 0.35. 120 Salter Road has 8 bedrooms, 4.0 baths, and was built in 1997. The property's zip code is 40403 which is in Berea, KY

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