$325,000
SOLD JUN 17, 2026

116 Salter Rd Berea, KY 40403

8 Beds
4 Baths
3,294 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: June 17, 2026

$99 Per Sq Ft

1% Below List Price

0 Day on Market

Highlights

  • Multiple cooling system units
  • Farristown Middle School Rated A-
  • Heating Available

About This Home

As of June 2026

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.

Last Agent to Sell the Property

Cassie Foley

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

CENTURY 21 Advantage Realty

Co-Listed By

Lisa Scully

CENTURY 21 Advantage Realty License #220347

Last Buyer's Agent

Derrick Simpson

CENTURY 21 Advantage Realty License #286935

CENTURY 21 Advantage Realty

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

  • Total Actual Rent $2,700
  • Assessor Parcel Number 071A-0000-0007

Community Details

Overview

  • 4 Units
  • Executive Park Subdivision

Building Details

  • 1 Vacant Unit
  • Insurance Expense $200
  • 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
  • New Construction: No
  • Building: Accessibility Features YN: No
  • Tax Legal: Zoning: Other
  • Income and Expenses: Real Estate Taxes: 200.0
  • Cooling:Cooling: Electric, Multi Units
  • Structure Type:Structure Type: Quadruplex
  • Special Listing Conditions:Special Listing Conditions: Standard
  • 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
  • Laundry Features:Laundry Features: Electric Dryer Hookup, Washer Hookup

Exterior Features

  • Roof: Metal
  • List Price: 329000.0
  • Roof:Roof: Metal

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
  • Utilities: Cooling YN: Yes
  • Utilities: Heating YN: Yes
  • Utilities: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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 20, 2021
Sold by
Bought by
Seller's Agent
Branden Meeks
Keller Williams Legacy Group
Buyer's Agent
Branden Meeks
Keller Williams Legacy Group
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%
Original Mortgage
$408,000
Outstanding Balance
$367,180
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$47,141

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 18, 2021
Sold by
Bought by
Seller's Agent
Branden Meeks
Keller Williams Legacy Group
Buyer's Agent
Branden Meeks
Keller Williams Legacy Group
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Outstanding Balance
$367,180
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$47,141

Purchase Details

Closed on
Feb 10, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,111
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,085
Interest Rate
6.18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 8, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2026 06/17/26 Sold $325,000 -1.2% $99 / Sq Ft
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®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 26005940

ImagineMLS (Bluegrass REALTORS®)

APN: 071A-0000-0007

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