Pending

$329,000

116 Salter Rd, Berea, KY 40403

8beds

3,294sqft

Est.: Get pre-qualified

Quadruplex

Built in 1989

-- sqft lot

$325,000 Zestimate^®

$100/sqft

$-- HOA

What's special

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.

69 days

4

0

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 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

$325,000

$309,000 - $341,000

$1,070/mo

Price history

Date	Event	Price
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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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