About 118 Central Avenue
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.
Residential Income property for sale in Berea, KY at 118 Central Avenue. This 6 bedroom Residential Income property is priced at $120/sqft
Facts & Features of 118 Central Avenue
| MLS® # | 26001566 |
|---|---|
| Price | $269,900 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 2 |
| Square Footage | 2,248 |
| Acres | 0.17 |
| Year Built | 1994 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information of 118 Central Avenue
| Address | 118 Central Avenue |
|---|---|
| Area | 008 - Madison County |
| Subdivision | Downtown |
| City | Berea |
| County | Madison |
| State | KY |
| Zip Code | 40403 |
Amenities of 118 Central Avenue
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | On Site, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior of 118 Central Avenue
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 2 |
| Primary Suite On Main floor | No |
Exterior of 118 Central Avenue
| Roof | Metal |
|---|
School Information On 118 Central Avenue
| District | Berea Independent |
|---|---|
| Elementary | Berea Community |
| Middle | Berea Community |
| High | Berea Community |
Additional Information On 118 Central Avenue
| Date Listed | January 21st, 2026 |
|---|---|
| Zoning | R-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details On 118 Central Avenue
| Office | Century 21 Pinnacle |
|---|