Active

204 E 16th Street SW

Rome, GA 30161

$130,000 $548/Mo

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Overview

Bed

Bath

1,254

Sqft

0.18

Acre(Lot)

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. Ro me, 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.

Property Details

Property Type : Residential

Price : $130,000

AD Id : 76962898

MLS Id : 10729968

Beds : 3

Lot Size : 0.18 Acre

Living Area Size : 1,254

Year Built : 1940

County : Floyd

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 3 Bedrooms On Upper Level: 0 Bedrooms On Lower Level: 0 Main Bedrooms: 3 Room Type: Family Room Window Features: Insulated Windows

Bathroom Information

Total Baths: 1 Full Baths: 1 Half Baths: 0 Full Baths Main: 1 Baths Full Lower: 0 Baths Full Upper: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Master On Main Level Flooring: Laminate

Appliances

Dishwasher,Electric Water Heater,Microwave,Oven/Range (Combo),Refrigerator

Utilities

Cable Available,Electricity Available,High Speed Internet,Phone Available,Sewer Connected,Water Available
Cooling Features

Central Air

Heating Source

Central

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 1940 Roof Type: Composition Basement: None Levels: One Property Age: 86
Laundry Features

In Hall

Construction Materials

Aluminum Siding

Property Condition

Resale

Lot Information

Lot Size (Acr): 0.18 Lot Size Source: Public Records Lot Features: Level
Property Information

Property Type: Residential Property Sub Type: Single Family Residence Structure Type: House Subdivision: NONE City: Rome State: GA Directions: Use GPS Property Status: Active

Listing Price Information

Original List Price: $130,000

Tax Information

Annual Tax: $1088 Tax Year: 2025
Home Warranty

Home Warranty Paid: No

Parking Information

Parking: 0 Parking Features: None
Homeowners Association Information

Association: No Annual Association Fee: 0 Calculated Total Monthly Association Fees: 0 Association Fee Includes: None Community Features: None

School Information

Elementary School: Anna K Davie High School: Rome High School Bus: Yes Middle School: Rome Middle School Bus: Yes Source Neighborhood: NONE

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
172 Sweet Water Lane, Rome, GA, 30161	$337,000	4	5	--
92 Alford Road, Rome, GA, 30161	$400,000	3	2	1,720	1,720 SqFt
375 Druid Road, Rome, GA, 30161	$1,599,000	5	5	--
375 Druid Road, Rome, GA, 30161	$1,599,000	5	5	5,800	5,800 SqFt
3810 Chulio Road, Rome, GA, 30161	$1,600,000	5	6	3,963	3,963 SqFt
3810 Chulio Road, Rome, GA, 30161	$1,600,000	5	5	3,963	3,963 SqFt
127 Branson Road, Rome, GA, 30161	$250,000	3	2	--
297 Lovell Road, Rome, GA, 30161	$499,900	2	1	--
297 Lovell Road, Rome, GA, 30161	$499,900	2	1	--
306 Ervin Coker Road, Rome, GA, 30161	$399,000	3	2	2,788	2,788 SqFt

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

ByOwner last updated this listing 06/03/2026 @ 23:12

MLS: 10729968 LISTED BY: Trivon Thompson, Coldwell Banker Realty 770-429-0600 SOURCE: Georgia MLS