This all-brick, well-maintained two-story quad offers solid investment potential with a mix of updated features and reliable cash flow. Each of the four units is a comfortable 2-bedroom, 1-bath single-floor layout—two units on the first floor and two units on the second floor within the same building footprint. The current monthly income is $2,700, with one unit currently vacant, presenting an immediate opportunity to maximize occupancy and rent.
Pending
$329,000
116 Salter Rd, Berea, KY 40403
8beds
3,294sqft
Est.:
Quadruplex
Built in 1989
-- sqft lot
$326,100 Zestimate®
$100/sqft
$-- HOA
What's special
- 23 days |
- 8 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Cassie Foley 859-248-1507,
CENTURY 21 Advantage Realty,
Lisa Scully 859-575-0388,
CENTURY 21 Advantage Realty
Source: Imagine MLS,MLS#: 26005940
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Cooling
- Electric, Multi Units
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Interior area
- Total structure area: 3,294
- Total interior livable area: 3,294 sqft
Property
Parking
- Total spaces: 10
- Parking features: Gravel, Paved
Lot
- Size: 10,018.8 Square Feet
Details
- Parcel number: 071A00000007
- Zoning: Other
- Zoning description: UC-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- Year built: 1989
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Executive Park
Location
- Region: Berea
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $240,000
- Annual tax amount: $2,299
- Date on market: 3/25/2026
- Total actual rent: 2700
Estimated market value
$326,100
$310,000 - $342,000
$980/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Pending sale | $329,000+37.1%$100/sqft |
Source:  Imagine MLS #26005940 Report a problem | ||
| 10/22/2021 | Sold | $240,000$73/sqft |
Source: Imagine MLS #20119884 Report a problem | ||
| 9/14/2021 | Pending sale | $240,000+165.4%$73/sqft |
Source: Imagine MLS #20119884 Report a problem | ||
| 1/12/2006 | Sold | $90,425$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,299 -1.2% | $240,000 |
| 2023 | $2,328 -0.3% | $240,000 |
| 2022 | $2,335 +160.6% | $240,000 +165.4% |
| 2021 | $896 -2.5% | $90,425 |
| 2018 | $919 +1.1% | $90,425 |
| 2017 | $909 +0.8% | $90,425 |
| 2016 | $902 +4% | $90,425 |
| 2015 | $867 +0.2% | $90,425 |
| 2014 | $865 | $90,425 |
| 2012 | $865 -0.2% | $90,425 |
| 2011 | $867 | $90,425 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,814/mo
Principal & interest
$1589
Property taxes
$225
More affordability tools
Climate risks
Neighborhood: 40403
Nearby schools
GreatSchools rating
- 9/10Kirksville Elementary SchoolGrades: PK-5Distance: 4.2 mi
- 10/10Farristown Middle SchoolGrades: 6-8Distance: 2.7 mi
- 8/10Madison Southern High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Kirksville
- Middle: Farristown
- High: Madison So
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Kentucky
- Madison County
- Berea
- 40403
- 116 Salter Rd
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