$329,000
PENDING

116 Salter Rd Berea, KY 40403

Estimated payment $1,933/month

Total Views 18
8 Beds
4 Baths
3,294 Sq Ft
$100 Price per Sq Ft

Highlights

  • Multiple cooling system units
  • Kirksville Elementary School Rated 9+
  • Heating Available

About This Home

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.

Listing Agent

Cassie Foley

CENTURY 21 Advantage Realty License #244877 Listed on: 03/25/2026

CENTURY 21 Advantage Realty

Co-Listing Agent

Lisa Scully

CENTURY 21 Advantage Realty License #220347

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Quadruplex
  • Metal Roof

Interior Spaces

  • 3,294 Sq Ft Home
  • 2-Story Property
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Paved Parking

Schools

  • Kirksville Elementary School
  • Farristown Middle School
  • Madison So High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 071A-0000-0007

Community Details

Overview

  • 4 Units
  • Executive Park Subdivision

Building Details

  • 1 Vacant Unit
  • Insurance Expense $200
  • Other Expense $110
  • Real Estate Tax Expense $200

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 1989
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • LivingArea: 3294.0
  • Lot Size Area: 0.23
  • Total Stories: 2

Exterior Features

  • Roof: Metal
  • List Price: 329000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Paved
  • Total Parking Spaces: 10.0

Utilities

  • Heating: Electric
  • Cooling: Electric, Multi Units
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected, Sewer Connected, Water Connected

Schools

  • Elementary School: Kirksville
  • High School: Madison So
  • Middle or Junior School: Farristown

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8
  • Parcel Number: 071A-0000-0007
  • Zoning Description: UC-1

Multi Family

  • Insurance Expense: 200.0
  • Number of Units in Community: 4
  • Number of Units Total: 4
  • Number of Units Vacant: 1
  • Total Actual Rent: 2700.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,263 $240,000 $0 $0
2024 $2,299 $240,000 $0 $0
2023 $2,328 $240,000 $0 $0
2022 $2,335 $240,000 $0 $0
2021 $896 $90,425 $0 $0
2020 $915 $90,425 $0 $0
2019 $919 $90,425 $0 $0
2018 $919 $90,425 $0 $0
2017 $909 $90,425 $0 $0
2016 $902 $90,425 $0 $0
2015 $865 $90,425 $0 $0
2014 $865 $90,425 $0 $0
2012 $865 $90,425 $90,425 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2026 03/25/26 Pending -- -- --
03/25/2026 03/25/26 For Sale $329,000 +37.1% $100 / Sq Ft
10/22/2021 10/22/21 Sold $240,000 0.0% $100 / Sq Ft View Prior Sale
09/14/2021 09/14/21 For Sale $240,000 -- $100 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $480,000 None Listed On Document
Deed $480,000 None Available
Deed $90,425 None Available
Deed $90,425 None Available
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $408,000 New Conventional
Closed $408,000 Future Advance Clause Open End Mortgage
Previous Owner $1,540,111 Purchase Money Mortgage
Previous Owner $18,085 Future Advance Clause Open End Mortgage
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 26005940

ImagineMLS (Bluegrass REALTORS®)

APN: 071A-0000-0007

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