118 Central Avenue, Berea, KY 40403

bedrooms 6
bathrooms 3
|Townhouse
AUD $388,572
USD $269,900
Published on: 22 Jan 2026
Last updated on: 03 Oct 2026
118 Central Avenue, Berea, KY 40403
118 Central Avenue, Berea, KY 40403
118 Central Avenue, Berea, KY 40403
+10
118 Central Avenue, Berea, KY 40403
  • 10
Property ID: 110105003587
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Residential Income, Berea, KY

118 Central Avenue, Berea, KY 40403
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.

Property Details

Basic Info

Property Type
Townhouse
Listing Status
Active
Land Size
675.83 m2
Building Size
208.85 m2
Year Built
1994
Rooms
6 bedroom(s), 3 bathroom(s)
Num Floors
2
County
Madison
Parcel ID
B010-0016-0002
Provider
ImagineMLS
Subdivision
Downtown
Brokerage Office Name
Realty World Adams & Associates, Inc.
Brokerage Office Phone
(859) 314-7878
Neighbourhoods
Downtown
Address
118 Central Avenue, Berea, KY 40403

Nearby Schools

TypeSchool nameDistrict name
HighBerea CommunityNot available
Not availableNot availableNot available
ElementaryBerea CommunityNot available
Not availableNot availableNot available
MiddleBerea CommunityNot available
Not availableNot availableNot available
JuniorhighBerea CommunityNot available
Not availableNot availableNot available
Contact Agent
Bill Adams
Century 21 Pinnacle
632 Chestnut St , Berea, KY 40403
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Bill Adams
632 Chestnut St , Berea, KY 40403
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      Property ID: 110105003587

      Original Property ID: 3yd-LBARKY-26001566
      Data provided by ImagineMLS, MLS #: 26001566
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