Sold
Last Sold Price
8 beds3,200 sqft
120 Salter Road, Berea, KY 40403
Multi FamilyProperty Type
0.35 acresLot Size
1997Year Built
$96/sq ftPrice per sq ft

Description

Investor Alert! Fully occupied 4-plex offering immediate income with a total monthly rent of 2,775! This well-maintained property features four 1-level units—two upstairs units with front access, and two lower-level units with private entrances from the back. Each unit includes individual parking right at the door, a refrigerator and range, and convenient washer/dryer hookups. Tenants pay their own utilities --keeping landlord expenses low. Three of the four units are secured with leases extending...Investor Alert! Fully occupied 4-plex offering immediate income with a total monthly rent of 2,775! This well-maintained property features four 1-level units—two upstairs units with front access, and two lower-level units with private entrances from the back. Each unit includes individual parking right at the door, a refrigerator and range, and convenient washer/dryer hookups. Tenants pay their own utilities --keeping landlord expenses low. Three of the four units are secured with leases extending into late winter and summer of 2026, providing long-term stability. The fourth unit is currently month-to-month, offering flexibility for future rental adjustments. Whether you're a seasoned investor or just starting your portfolio, this property delivers strong cash flow and solid rental history. Don't miss this turnkey opportunity!
  • Listed by: Deborah S Adams 859.983.9501 debbie@home-forward.com • Home Forward
Listing closed: 03/09/2026 12:00 AM • Source: Imagine MLS, MLS#: 25500831

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$1,819 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,634

Property Taxes

$185

HOA Dues

$0

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Property Information for 120 Salter Road

Property Details
  • MLS Type: Residential Income / Quadruplex
  • Subdivision Name: Rural
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1997
  • Lot Size: 0.35 AC / 15,132 SF
Summary
Location and General Information
  • Directions: From I-75 South take Exit 83 for Duncannon Lane (2872). Remain on Duncannon Lane for, left on Caleat Road in .5 miles. Left on Menelaus Road 1.4 miles. Left on Salter Road in 2.9 miles - quaddruplex on the right.
  • Latitude: 37.650642
  • Longitude: -84.275614
  • MLS Area Major: 008 - Madison County
  • MLS Area Minor: 008 - Madison County
Taxes and HOA
  • Parcel Number: 071A-0000-0010
School Information
  • Elementary School: Kirksville
  • High School: Madison So
  • High School District: Madison County - 8
  • Middle Or Junior School: Farristown
Property
Lot Information
  • Lot Size Acres: 0.3474
  • Lot Size Area: 0.35
  • Lot Size Square Feet: 15132.744
  • Lot Size Units: Acres
Property and Assessments
  • Building Area Total: 3200.0
  • Living Area: 3200.0
  • Living Area Source: Public Records
  • New Construction: No
  • Year Built: 1997
Building Features
  • Number Of Buildings: 1
  • Structure Type: Quadruplex
Utilities
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Multi Family
Multi Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
Income & Expenses
  • Gross Scheduled Income: $2,775
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Stories Total: 2
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Cooling: No
  • Heating: No

Property History for 120 Salter Road

DateEvent & SourcePriceAppreciation
Mar 9, 2026

Sold

Imagine MLS #25500831

$306,000—
Mar 6, 2026

Sold (Public Record)

Public Record #1931418233

$306,000

+19.6% / yr

Jan 16, 2026

Contract Signed

Imagine MLS #25500831

—
DateEvent & SourcePrice
03/09/2026

Sold

Imagine MLS #25500831

$306,000
03/06/2026

Sold (Public Record)

Public Record #1931418233

$306,000

+19.6% / yr

01/16/2026

Contract Signed

Imagine MLS #25500831

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Salter Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,216 ($185 / month)
Home Facts
Baths1Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt1,560 SqFtFinished Basement SqFt1,560 SqFtStories1Lot Size14,162 SqFtStyleDuplexCountyMADISONAPN071A-0000-0010

Schools near 120 Salter Road

This home is within Madison County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kirksville Elementary School
PublicPK to 5

Farristown Middle School
Public6 to 8

Madison Southern High School
Public9 to 12

Ignite Academy South
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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