118 Central Ave, Berea, KY 40403
Property image
Property image
FOR SALE

$269,900

  • 6 Beds
  • 3 Baths
  • 2,248 sqft

118 Central Ave, Berea, KY 40403

Est. Mortgage $1,701/mo*
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Home Highlights

Multi-Family
Built in 1994
$120/sqft
4 Parking Spaces

Local Information

  • Map ViewExplore the area around 118 Central Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Updated hvac systemsThoughtful interior updatesEnergy-efficient improvements
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.
Last check for updates: about 13 hours ago
Listing courtesy of Bill Adams, (859) 302-7878
Century 21 Pinnacle
Cassandra Adams, (859) 623-1900
Century 21 Pinnacle
Source: Imagine MLS, MLS#26001566
Also Listed on Imagine MLS.

Home Details for 118 Central Ave

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 4Number of Bathrooms (full): 2Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 2248 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Sewer Connected, Water ConnectedLaundry: Electric Dryer Hookup,Main Level,Washer Hookup
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric
Levels, Entrance, & Accessibility
Number of Stories: 2

Exterior Features

Exterior Home Features
Roof: Metal
Parking & Garage
No Attached GarageParking Spaces: 4Parking: On Site,Paved

Days on Market

Days on Market: 48

Property Information

Year Built
Year Built: 1994
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Attached To Another Structure
Property Information
Parcel Number: B01000160002

Price & Status

Price
List Price: $269,900Price Per Sqft: $120
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: BereaCommunity: Downtown
School Information
Elementary School: Berea CommunityJr High / Middle School: Berea CommunityHigh School: Berea CommunityHigh School District: Berea Independent

Agent Information

Listing Agent
Listing ID: 26001566

Building

Building Area
Building Area: 2248 Square Feet

Community

Number Of Vacant Units: 1

Lot Information

Lot Area: 7274.52 sqft

Miscellaneous

Mls Number: 26001566

Around this home

What Locals Say about Berea

At least 113 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 87 % Say parking is easy

  • 80 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 72 % Say there's holiday spirit

  • 71 % Say kids play outside

  • 64 % Say streets are well-lit

  • 64 % Say there are sidewalks

  • 61 % Say people would walk alone at night

  • 56 % Say it's quiet

  • 55 % Say neighbors are friendly

  • 55 % Say there's wildlife

  • 41 % Say they plan to stay for at least 5 years

  • 38 % Say it's walkable to restaurants

  • 32 % Say it's walkable to grocery stores

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Johnathanroe96
    "It’s a quick and easy commute to almost every major road way in any direction. Theres plenty of food options and things as well "
    0
    Flag
  • Jpsmlee
    "Many of my neighbors own dogs. I see them walk their dogs every day. I am pleased to find dogs are welcome in my neighborhood."
    0
    Flag
  • Jpsmlee
    "I have lived in this neighborhood for 35 years and have enjoyed the friendship and support from my neighbors in the community. "
    0
    Flag
  • Mistydawn B.
    "This is a very unique town one would like to think they choose to live here, but really the town picks you. It’s a place to call home once your desire to settle happens. It’s a very magical place."
    3
    Flag
  • Natalie.mcquiston
    "Great neighborhood. Friendly and plenty of kids to run around and play with. The backyard creek makes it peaceful! "
    1
    Flag
  • Aleisha.baird
    "I am not familiar with any community events. Some of the churches probably offer things we aren’t familiar with. "
    5
    Flag
  • Doug King
    "I have lived here for two and a half years. Great location. Close to everything. The people are great"
    1
    Flag
  • Andrew P.
    "I've lived here all my life in Madison county and Berea Ky for the last seven years don't want to live no where else . it's a Homie little town "
    7
    Flag
  • Reneetodd0701
    "We live in this neighborhood because it is a good location for our camper, dogs and cats. We would like to live in a country setting by a farm. "
    4
    Flag
  • Donnapratt69 4. c.
    "I have lived here for 3 years It's a nice quiet and peaceful area. Neighbors are friendly and look out for each other"
    0
    Flag
  • Jgwhite74
    "dogs can run pretty freely here. We're on a farm and the other homes also have dogs and the local leash law doesn't apply to the farm. keep them away from the highway though. "
    0
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  • Jpowell399
    "Berea is like Mayberry, but with some crime. So there are plenty to do in Richmond. Not that much here in Berea. "
    0
    Flag
  • Rachael F.
    "Very nice rental neighborhood. With a variety of rental duplex’s, apartments and houses. Very family friendly neighborhood. "
    0
    Flag

Market trends in Berea

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$260K
$4.67KMoM
Sale-to-List Price
98.2%
0.5%MoM
Price per sq ft
$156
$2MoM
Available listings
132
3MoM

Home Value

Trulia Estimate
$265K
Since last month
Increased$6K (+2.3%)
Since last year
Increased$10K (+3.8%)
Since last sale
Increased$181K (+216%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +110% in the last 10 years
MonthEstimated value
2026
September 2026$265K
August 2026$259K
July 2026$276K
June 2026$280K
May 2026$281K
April 2026$280K
March 2026$284K
February 2026$297K
January 2026$303K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
99 Lorraine Ct, Berea, KY
0.76
Multi-Family Home
$260,000
02/12/26
4
2
2,135
118 Morning View Rd, Berea, KY
1.56
Multi-Family Home
$293,000
03/13/26
4
2
2,110
110 Baugh St, Berea, KY
1.68
Multi-Family Home
$185,000
05/12/26
4
2.5
1,720
102 Brown Ct, Berea, KY
1.60
Multi-Family Home
$275,000
06/17/26
8
4
3,472
106 Brown Ct, Berea, KY
1.64
Multi-Family Home
$275,000
06/17/26
4
2
1,602
104 Brown Ct, Berea, KY
1.62
Multi-Family Home
$275,000
06/17/26
8
4
3,472
108 Brown Ct, Berea, KY
1.64
Multi-Family Home
$125,000
06/17/26
2
1
1,692
211 Mount Vernon Rd, Berea, KY
1.38
Multi-Family Home
$219,900
05/11/26
6
4
2,880
412 Nandino Cir, Berea, KY
2.29
Multi-Family Home
$425,000
10/08/25
6
4
2,556
430 Nandino Cir, Berea, KY
2.34
Multi-Family Home
$435,500
01/05/26
6
4
2,556

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
79 Central Ave, Berea, KY 40403
0.05
$176,000
2
1
936
Recently Sold
665 Big Hill Rd, Berea, KY 40403
0.10
$341,500
4
1.5
2,691
Off Market
109 Bridge Ave #109, Berea, KY 40403
0.14
$230,000
4
2
2,896
Recently Sold
636 Big Hill Rd, Berea, KY 40403
0.13
$267,600
3
2
1,848
Off Market
112 Bridge Ave, Berea, KY 40403
0.16
$204,900
3
1
1,040
Off Market
222 Peachbloom Hill Rd, Berea, KY 40403
0.21
$410,000
4
2
2,385
Recently Sold
606 Prospect St, Berea, KY 40403
0.16
$175,000
3
1
1,163
Recently Sold
217 Elm St, Berea, KY 40403
0.20
$254,900
Studio
-
-
Off Market
764 Big Hill Rd, Berea, KY 40403
0.20
$447,400
4
2.5
2,933
Off Market
115 Bluebird Ave, Berea, KY 40403
0.20
$189,900
2
1
1,378
For Sale
720 Big Hill Rd, Berea, KY 40403
0.21
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Aug 5, 2026
Source: Imagine MLS #26001566
Listed For Sale
$269,900
Jul 21, 2026
Source: Imagine MLS #26001566
ListingRemoved
$286,000
Jul 5, 2026
Source: Imagine MLS #26001566
PriceChange
$286,000
Price decreased by 1%
Mar 31, 2026
Source: Imagine MLS #26001566
PriceChange
$289,900
Price decreased by 2%
Mar 3, 2026
Source: Imagine MLS #26001566
PriceChange
$294,900
Price decreased by 4%

LGBTQ Local Legal Protections

Bill Adams, Century 21 Pinnacle
Agent Phone: (859) 302-7878
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 118 Central Ave

  • What is the estimated monthly payment for 118 Central Ave?
    Based on a $269,900 list price with 20% down at today's rates, the estimated monthly payment for 118 Central Ave in Berea, KY is approximately $1,719 (about $1,460 principal & interest, $184 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 118 Central Ave compare to homes in Berea?
    118 Central Ave in Berea, KY is listed at $269,900, about 4% above the $260K median sale price in Berea.
  • What do residents say about Berea?
    Residents describe Berea, KY as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in Berea, KY.
  • What are the closest schools to 118 Central Ave?
    The closest schools to 118 Central Ave in Berea, KY are Berea Community Elementary School (Pre-K, rated 6/10), Berea Community High School (rated 7/10), Berea Community Middle School (rated 5/10).
  • Does 118 Central Ave have air conditioning?
    Yes, 118 Central Ave in Berea, KY has air conditioning.
  • Does 118 Central Ave have laundry facilities?
    Yes, 118 Central Ave in Berea, KY has laundry facilities.
118 Central Ave, Berea, KY 40403 is a 6 bedroom, 4 bathroom, 2,248 sqft multi-family built in 1994. This property is currently available for sale and was listed by Imagine MLS on Aug 5, 2026. The MLS # for this home is MLS# 26001566.