118 Central Avenue, Berea, KY 40403
$289,900
Property Type:
Residential Income
Bedrooms:
6
Baths:
4
Square Footage:
2,248
Lot Size (sq. ft.):
7,275
Status:
Active
Current Price:
$289,900
List Date:
1/22/2026
Last Modified:
5/12/2026
Overview
Description
Listing Details MLS# 26001566
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Price Change Timestamp
- 2026-03-31T20:56:35Z
- Status Change Timestamp
- 2026-01-21
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
- 1735928.14
- List Price/SqFt
- 128.96
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
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- 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.
Tax & Legal
- Elementary School
- Berea Community
- Middle Or Junior School
- Berea Community
- High School
- Berea Community
- Tax Rate
- 0.0127
- Zoning
- Other
- Zoning Description
- R-2
Association/Community
- Number Of Buildings
- 1
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Main Level
- Yes
- Washer Hookup
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Structure Type
- Duplex
- Yes
Showing Requirements
- Showing Service
- Yes
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
Sellers Disclosure Of Property Condition ›
Listing Office:
Century 21 Pinnacle
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.