204 E 16th Street SW, Rome, GA 30161
- $112,500
- 3
- BD
- 1
- BA
- 1,254
- SqFt
- Sold Price
- $112,500
- List Price
- $130,000
- Days on Market
- 93
- Closing Date
- Jul 27, 2026
- MLS#
- 10729968
- Year Built
- 1940
- Bedrooms
- 3
- Bathrooms
- 1
- Living Area
- 1,254
- Lot Size
- 7,840
- Acres
- 0.18
Property Description
Built in 1940 and sitting on a 0.18-acre lot in Rome, GA, this well-maintained 3-bedroom, 1-bath single-family residence delivers immediate rental income with a qualified tenant in place at $1,200/month. That's $14,400 in gross annual rent against a $130,000 asking price - a gross rent multiplier of just 9.0x with a potential cap rate north of 8%. The current owner has maintained this property with care: a metal roof speaks to the long-term stewardship that keeps a 1940s build standing strong. No HOA means no rent restrictions and no additional overhead eating into returns. At approximately $1,080 in annual property taxes, carrying costs stay lean. Seller has never occupied the property. Buyers are encouraged to conduct their own independent due diligence during the inspection period. Rome, GA continues to draw investor attention as a growing NW Georgia market anchored by Berry College, Shorter University, and Georgia Northwestern Technical College - consistent renter demand built right in.
Additional Information
- Property Description
- Bungalow/Cottage
- Interior Features
- Master On Main Level
- Appliances
- Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Utilities
- Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Connected, Water Available
- Heating
- Central
- Air Conditioning
- Central Air
- Elementary School
- Anna K Davie
- High School
- Rome
Listing courtesy of Coldwell Banker Realty. Contact:
Listing Courtesy Of Coldwell Banker Realty, Contact:
Selling Office: .
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