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Street View
$286,000
Monthly Est:$1,424
6 Beds
4 Baths2 full baths + 2 half baths
2,248sqft
118 Central Ave, Berea, KY 40403
$286,000
$1,424/moEst:
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Duplex
Built in 1994
$-- HOA
0.17 acre lot
$127/sq.ft
Description
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 r...
Continue Reading- Houzeo last checked: 2 hours ago
- Listing updated: July 5, 2026 at 2:56 pm
- Listing Provided by: Bill Adams (859) 302-7878 , Cassandra Adams | Century 21 Pinnacle (859) 623-1900
- Source: Lexington Bluegrass AOR (Imagine) MLS-KY | MLS#: 26001566
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1994
HOA Fees
-
Finished Area
2,248 sqft
Lot Size
0.17 acre lot
Basement Area
- sqft
MLS Name
Lexington Bluegrass AOR (Imagine) MLS
MLS Number
26001566
MLS Status
Active
Days on Market
238
Cumulative Days on Market
165
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Cooling
Electric
Heating
Electric
Construction
Year Built
Year Built: 1994
Home type
Duplex
Roof
Metal
Utilities & Energy
Parking Features
On Site, Paved
Utilities
Electricity Connected, Sewer Connected, Water Connected
Laundry Features
Electric Dryer Hookup, Main Level, Washer Hookup
Other Features
Subdivision Name
Downtown
Price History
| Date | Event | Price |
|---|---|---|
07/05/2026 Source: | Price Decreased | $286,000 -1.35% $127/sqft |
03/31/2026 Source: | Price Decreased | $289,900 -1.70% $129/sqft |
03/03/2026 Source: | Price Decreased | $294,900 -4.25% $131/sqft |
02/20/2026 Source: | Price Decreased | $308,000 -0.65% $137/sqft |
01/22/2026 Source: | Price Increased | $310,000 +6.93% $138/sqft |
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Based on information from the IMAGINE MLS® through Sep 17, 2026, 03:31PM. Copyrighted by the Imagine MLS®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data on this website is deemed reliable but is not guaranteed accurate by the MLS. © 2026 IMAGINE MLS®. All Rights Reserved.
Advertising Broker: Donna Mink | Mink Realty
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