# 118 Central Avenue, Berea, KY 40403

> **TL;DR:** 6bd/3ba residential multi family, $289,900 ($129/sqft), built 1994, 2,248 sqft.
> A/C. Est. $1,256/mo. Listed 131 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $289,900 |
| Price/sqft | $129 |
| Bedrooms | 6 |
| Bathrooms | 2 full, 2 half |
| Square Feet | 2,248 |
| Year Built | 1994 |
| Lot Size | 7,275 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 131 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,256 |
| **Total** | **$1,256** |

## Nearby Schools

- **Elementary:** Berea Community
- **Middle:** Berea Community
- **High:** Berea Community

## Key Amenities

- A/C

## Property Highlights

- Built in 1994
- 0.17 acre lot
- 2 stories
- 4 parking spaces

## Description

### Agent 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 recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.

## Location

- **Address:** 118 Central Avenue, Berea, KY 40403
- **County:** Madison
- **Neighborhood:** Downtown
- **Coordinates:** 37.567484, -84.279923
- **Google Maps:** https://www.google.com/maps?q=37.567484,-84.279923

## Listing Agent

- **Name:** Bill Adams
- **Brokerage:** Century 21 Pinnacle
- **Phone:** 8593027878
- **Email:** bill@c21thepinnacle.com

## Primary Photo

![118 Central Avenue - Primary Photo](http://lh.rdcpix.com/4d6391843696eeba5a4e86d68fbfa55fl-f963087127r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/118-central-avenue-berea-ky-40403-26001566)*

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**MLS#:** 26001566 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/118-central-avenue-berea-ky-40403-26001566)

---

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