118 Central Avenue, Berea, KY 40403

Berea
Local realty services provided by:Better Homes and Gardens Real Estate Fern Leaf Group
118 Central Avenue,Berea, KY 40403
$269,900
  • 6 Beds
  • 4 Baths
  • 2,248 sq. ft.
  • Multi-family
  • Active
Listed by: bill adams, cassandra adams
Office: century 21 pinnacle
MLS#:26001566
Source:KY_LBAR

Price summary

  • Price:$269,900
  • Price per sq. ft.:$120.06

About this home

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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Home facts

  • Year built:1994
  • Subdivision & Development:Downtown
  • Listing ID #:26001566
  • Added:204 day(s) ago
  • Updated:August 14, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:2
  • Half bathrooms:2
  • Living area:2,248 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric

Structure and exterior

  • Year built:1994
  • Building area:2,248 sq. ft.
  • Lot area:0.17 Acres

Schools

  • High school:Berea Community
  • Middle school:Berea Community
  • Elementary school:Berea Community

Finances and disclosures

  • Price:$269,900
  • Price per sq. ft.:$120.06

Features and amenities

  • Laundry features:Electric Dryer Hookup, Main Level, Washer Hookup
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