$329,000

118 Salter Road, Berea, KY 40403

  • 8 beds |
  • 4 baths |
  • 3,416 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $96/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

All-brick quadruplex with a durable metal roof. Four rental units, each updated for durability and tenant comfort. Current gross monthly income: approximately $3,800 from 4/4 units leased. Property features include an all-brick exterior and low-maintenance metal roof with updated interiors. Unit 1 offers new cabinets and countertops, LVP, refrigerator, oven, bathtub, PTAC, three new windows, and fresh paint. Unit 2 includes new LVP, oven, refrigerator, vanity, bathtub, water heater, and fresh paint. Unit 3 features a new vanity, bathtub reglazing, and fresh paint. Unit 4 provides a new refrigerator, ceiling fans, and fresh paint. Income/occupancy is 4 of 4 units leased, ~ $3,800/month gross. Opportunity highlights a turnkey investment with strong occupancy and potential to optimize net income with rent adjustments.

Listing Status:
Pending
Date Added:
March 25, 2026
Data Last Updated:
April 1, 2026 at 7:39PM
Listing Office:
CENTURY 21 Advantage Realty : 859-624-5488
MLS ID:
26005942
  • Laundry: Electric Dryer HookupWasher Hookup
  • A/C: ElectricMulti Units
  • Heating: Electric
  • Parking: GravelPavedParking spaces: 10
  • Roofing: Metal
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Madison County - 8
  • County: Madison
  • Zoning: Other071A-0000-0008
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of CENTURY 21 Advantage Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kirksville Elementary School

2399 Lancaster Rd, Richmond, KY, 40475

Grades PK-5

4.15 miles away

F

Farristown Middle School

751 Farristown Industrial Dr, Berea, KY, 40403

Grades 6-8

2.65 miles away

M

Madison Southern High School

279 Glades Rd, Berea, KY, 40403

Grades 9-12

4.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.