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    120 Salter Rd Berea, KY 40403

    For Sale
    $314,999

    MULTI_FAMILY - Berea, KY

    Property size:
    3,200 SF
    Lot size:
    0.35 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 120 Salter Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 6
    Bedrooms
    8
    Bathrooms
    4
    APN
    071A-0000-0010
    Size
    3,200 SF
    Lot size
    0.35 Acres

    Building Details

    Year built
    1997
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle

    Expert Property Management (859) 687-9791

    Listing agent Deborah S Adams (859) 983-9501

    Listing date Oct 9, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Berea Fourplex

    This fully occupied fourplex in Berea, Kentucky, presents an investment opportunity with immediate income. The well-maintained property features four single-level units. Two units are located upstairs with front access, while the other two lower-level units have private entrances from the back. Each unit is equipped with individual parking spaces located right at the door, a refrigerator, a range, and washer/dryer hookups. Tenants are responsible for their own electric bills. Three of the four units are secured with leases extending into late winter and summer of 2026. The fourth unit is currently month-to-month, offering flexibility for future rental adjustments. The property is situated on a 0.3474-acre lot. The property size is 3,200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Building Supply Auto Repair Shop Auto Parts Store HVAC Service Convenience Store Pawn Shop Furniture Store Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.275614
    Latitude
    37.650642

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with steady income and long-term tenant leases.
    Where is this quadplex located?
    The property is located at 120 Salter Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $314,999.
    What are key features of this property?
    This property features: - Fully occupied 4-plex providing immediate rental income.; - Three units have leases extending into late winter and summer of 2026, ensuring long-term income stability.; - Tenants pay their own electric bills, reducing landlord expenses.
    (859) 983-9501
    Request Owner's contact information
    120 Salter Rd Berea, KY 40403
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    Berea, KY 40403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Salter Rd Berea, KY 40403
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