Skip main navigation
For sale
    • Price cut: $3.9K (7/5)
    $286,000

    118 Central Ave, Berea, KY 40403

    6beds
    2,248sqft
    : 
    Loading
    Get pre-qualified
    Duplex
    Built in 1994
    -- sqft lot
    $282,300 Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Updated hvac systems
    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.
    175 days
    |
    236
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Bill Adams 859-302-7878,

    Century 21 Pinnacle,

    Cassandra Adams 859-623-1900,

    Century 21 Pinnacle

    Source: Imagine MLS,MLS#: 26001566MLS Logo

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Heating
      • Electric
      Cooling
      • Electric
      Appliances
      • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
      Interior area
      • Total structure area: 2,248
      • Total interior livable area: 2,248 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: On Site, Paved
      Lot
      • Size: 7,274 Square Feet
      Details
      • Parcel number: B01000160002
      • Zoning: Other
      • Zoning description: R-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Roof: Metal
      Condition
      • Year built: 1994

      Utilities & green energy

      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Downtown
      Location
      • Region: Berea

      Financial & listing details

      • Price per square foot: $127/sqft
      • Tax assessed value: $128,000
      • Annual tax amount: $1,507
      • Date on market: 1/22/2026

        Estimated market value

        $282,300

        $268,000 - $296,000

        $1,035/mo

        Price history

        DateEventPrice
        7/5/2026Price change$286,000-1.3%$127/sqft
        Source: Imagine MLS #26001566 Report a problem
        3/31/2026Price change$289,900-1.7%$129/sqft
        Source: Imagine MLS #26001566 Report a problem
        3/3/2026Price change$294,900-4.3%$131/sqft
        Source: Imagine MLS #26001566 Report a problem
        2/20/2026Price change$308,000-0.6%$137/sqft
        Source: Imagine MLS #26001566 Report a problem
        1/22/2026Listed for sale$310,000+106.7%$138/sqft
        Source: Imagine MLS #26001566 Report a problem
        2/14/2020Listing removed$150,000$67/sqft
        Source: KY Real Estate Professionals #20001705 Report a problem
        1/14/2020Listed for sale$150,000+78.6%$67/sqft
        Source: Keller Williams Greater Lex #20000964 Report a problem
        7/1/2009Sold$84,000-7.7%$37/sqft
        Source: Public Record Report a problem
        1/27/2005Sold$91,000$40/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,507 -10%$128,000
        2023$1,674 +3.1%$128,000
        2022$1,624 -5.7%$128,000
        2021$1,723 +53.9%$128,000 +52.4%
        2018$1,119 +2.1%$84,000
        2017$1,096 +2.8%$84,000
        2016$1,067 -12.2%$84,000
        2015$1,216 +12.1%$84,000
        2014$1,084 $84,000
        2012$1,084 +0.2%$84,000
        2011$1,083 $84,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 40403

        Getting around

        28 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Berea Community
        • Middle: Berea Community
        • High: Berea Community

        Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Berea Topics

                Search
                Updates
                Favorites
                Plan
                Inbox