118 Central Avenue, Berea, KY 40403

$269,900
Property Type: Residential Income Bedrooms: 6 Baths: 4 Square Footage: 2,248 Lot Size (sq. ft.): 7,275 Status: Active
Current Price: $269,900 List Date: 8/05/2026 Last Modified: 8/05/2026

Overview

Description

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.

Listing Details MLS# 26001566

Listing Information

Comp Sale YN
No
Property Sub Type
Duplex

Status Change Information

Price Change Timestamp
2026-08-05T15:17:40Z
Status Change Timestamp
2026-08-05

Address

County
Madison
Street Number
118
Street Name
Central
Street Suffix
Avenue
State
KY
Zip Code
40403
Directions
From Berea follow Prospect toward Big Hill. Turn right on Central Avenue. duplex is on the left.
Parcel Number
B010-0016-0002

Contract

Original List Price
310000
Start Showing Date
2026-01-21
Listing Contract Date
2026-01-21
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
1587647.06
List Price/SqFt
120.06

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Downtown
High School District
Berea Independent

Interior

Bedrooms Total
6
Bathrooms Total
4
Bathrooms Full
2
Bathrooms Half
2
Living Area
2248
Living Area Source
Public Records

More Information

Parking Information

Parking Total
4

Building

Year Built
1994
Stories Total
2
Accessibility Features YN
No

Lot

Lot Size Acres
0.167
Lot Size Square Feet
7274.52

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
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.

Building and Property Details

Lot Expansion Potential YN
No

Unit Details

Number Of Units Vacant
Yes

Showing Information

Showing Instructions
1 unit vacant 1 occupied. Will require notice to show occupied unit.

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric Heating: Electric Laundry Features: Electric Dryer Hookup; Main Level; Washer Hookup Parking Features: On Site; Paved Possession: Close Of Escrow Roof: Metal Structure Type: Duplex Showing Requirements: Showing Service

Documents

Listing Office: Century 21 Pinnacle
Last Updated: August - 05 - 2026
Information deemed reliable but not guaranteed.
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