Turnkey Duplex in Berea,
118 Central Avenue, Berea, KY 40403
- Added:
- Jan 21, 2026
- Days on Market:
- 111
- Last Refresh:
- May 12 at 11:06 pm
Property Features for 118 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 5, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 3
- Parking
- 4
- Standard status
- Active
- APN
- B010-0016-0002
- Size
- 2,248 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Roof type
- Metal
Listing agent Bill Adams (859) 302-7878
Listing office Century 21 Pinnacle 632 Chestnut St, Berea, KY (859) 623-1900
Listing date Jan 21, 2026
MLS# 26001566
Listing URL
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HighLights
- Fully occupied duplex generating $3,100/month in gross rental income.
- Stable annual leases in place, providing immediate cash flow.
- Thoughtful interior updates and energy‑efficient improvements including HVAC, windows, and roofing.
- Convenient location near I‑75, local shops, restaurants, and outdoor recreation.
- Walkable distance to Berea College.
- Updated metal roof.
Overview
This is a fully occupied duplex in Berea, Kentucky, designed to generate immediate cash flow. Each of the two units features three bedrooms and one and a half bathrooms. Both units are currently leased at $1,550 per month, generating a total gross rental income of $3,100 per month, or $37,200 annually. The property includes stable annual leases and thoughtful interior updates. Energy-efficient improvements have been made, including updated HVAC systems, windows, and roofing. The property's total utility costs average approximately $500 per month for both units. Annual property taxes are approximately $2,000, and insurance averages around $3,000 per year. The property is within walking distance of Berea College and conveniently located near I-75, local shops, restaurants, and outdoor recreation. The lot size is 0.167 acres and the property size is 2248 square feet. This property is located in Madison County, with the postal code 40403. It offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Berea
- County
- Madison
- State
- Kentucky
- Longitude
- -84.279923
- Latitude
- 37.567484
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully occupied duplex generating immediate cash flow near Berea College.
Where is this duplex located?
The property is located at 118 Central Avenue Berea, KY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Fully occupied duplex generating $3,100/month in gross rental income.; Stable annual leases in place, providing immediate cash flow.; Thoughtful interior updates and energy‑efficient improvements including HVAC, windows, and roofing.
