118 Salter Road, Berea, KY 40403

$325,000

$329,000

1.2%
Est.Price: ?

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118 Salter Road Berea, KY 40403

8 Beds

4 Baths

3,416 SqFt

SOLD DATE : 06/17/2026

Key Details

Sold Price $325,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,416 sqft

Price per Sqft $95

Subdivision Executive Park

MLS Listing ID 26005942

Sold Date 06/17/26

Bedrooms 8

Full Baths 4

Year Built 1989

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Quadruplex

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.

Location

State KY

County Madison

Zoning Other

Interior

Heating Electric

Cooling Electric, Multi Units

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Gravel, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Building

New Construction No

Schools

Elementary Schools Kirksville

Middle Schools Farristown

High Schools Madison So

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Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by CENTURY 21 Advantage Realty
Jennifer Woods

Jennifer Woods

Agent, Co-owner

+1(859) 948-4431

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