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.
For sale
$269,900
118 Central Ave, Berea, KY 40403
6beds
2,248sqft
Duplex
Built in 1994
-- sqft lot
$265,500 Zestimate®
$120/sqft
$-- HOA
What's special
Updated hvac systemsThoughtful interior updatesEnergy-efficient improvements
- 25 days
- 398
- 31
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#: 26001566
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: $120/sqft
- Tax assessed value: $128,000
- Annual tax amount: $1,526
- Date on market: 8/5/2026
Estimated market value
$265,500
$252,000 - $279,000
$1,109/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $269,900-5.6%$120/sqft |
Source: | ||
| 7/21/2026 | Listing removed | $286,000$127/sqft |
Source: | ||
| 7/5/2026 | Price change | $286,000-1.3%$127/sqft |
Source: | ||
| 3/31/2026 | Price change | $289,900-1.7%$129/sqft |
Source: | ||
| 3/3/2026 | Price change | $294,900-4.3%$131/sqft |
Source: | ||
| 2/20/2026 | Price change | $308,000-0.6%$137/sqft |
Source: | ||
| 1/22/2026 | Listed for sale | $310,000+106.7%$138/sqft |
Source: | ||
| 2/14/2020 | Listing removed | $150,000$67/sqft |
Source: KY Real Estate Professionals #20001705 Report a problem | ||
| 1/14/2020 | Listed for sale | $150,000+78.6%$67/sqft |
Source: Keller Williams Greater Lex #20000964 Report a problem | ||
| 7/1/2009 | Sold | $84,000-7.7%$37/sqft |
Source: Public Record Report a problem | ||
| 1/27/2005 | Sold | $91,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,526 +1.3% | $128,000 |
| 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.Climate risks
Neighborhood: 40403
Nearby schools
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.








