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118 Central Avenue Berea, KY $ 269,900
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$ 269,900 Get more info
118 Central Avenue
$ 269,900
Back to search
Share Save

118 Central Avenue

Berea, KY, 40403
$ 269,900
Bedrooms6 Baths2.2 Sq 2,248

Monthly Estimate*

$ 1,704

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Multi-Family Home for sale in Berea, KY

for $269,900 with 6 bedrooms and 2 full baths, 2 half baths. This 2,248 square foot home was built in 1994 on a lot size of 0.17.

Fully occupied, turnkey duplex in Berea generating immediate cash flow with both 3BR/1.5BA units leased at $1,550/month, producing $3,100/month ($37,200 annually) in gross rental income. Property features stable annual leases, thoughtful interior updates, and energy-efficient improvements including updated HVAC systems, windows, and roofing. Utilities are currently included for both units, with total utility costs averaging approximately $500/month for the entire property. Annual property taxes are approximately $2,000, and insurance averages around $3,000/year. Walkable distance to Berea College, and conveniently located near I-75, local shops, restaurants, and outdoor recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.

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Multi-Family Active

Price

$ 269,900

Bedrooms

6

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.17

Year Built

1994

Town/City

Berea

County/Region

Madison

MLS | Web ID

26001566
Features
General
Heating Electric
Cooling Electric
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Metal
Zoning Other
Year Built 1994
Property Subtype Duplex
Parcel Number B010-0016-0002
County Madison
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 2
Status Active
Directions From Berea follow Prospect toward Big Hill. Turn right on Central Avenue. duplex is on the left.
High School Berea Community
City Berea
High School District Berea Independent
Zoning Description R-2
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 7274.52
Elementary School Berea Community
Land Lease Y/N N
Middle/Junior High School Berea Community
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Paved
Total Parking 4.0
Lot Size Area 0.17
Number of Buildings 1
Building Area Total 2248.0
Lot Size Acres 0.17
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 2
Laundry Features Electric Dryer Hookup Main Level Washer Hookup
Total Bedrooms 6
Total Baths 4
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Century 21 Pinnacle

Broker

bill@c21thepinnacle.com

Email

Affordability Calculator

$1,704
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,704
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3443139 Elementary School
3443140 Middle School
Berea Community High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/5/2026$269,900 -5.63% Price Down
7/5/2026$286,000 -1.35% Price Down
3/31/2026$289,900 -1.70% Price Down
3/3/2026$294,900 -4.25% Price Down
2/20/2026$308,000 -0.65% Price Down
1/22/2026$310,000 Listed Price

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118 Central Avenue, Berea, KY, 40403 is a Multi-Family Home for sale at $269,900 with 2,248 sqft and a lot size of 0.17. 118 Central Avenue has 6 bedrooms, 2.2 baths, and was built in 1994. The property's zip code is 40403 which is in Berea, KY

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