Active

204 E 16th Street

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 the 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.

Property Details

Property Type : Residential

Price : $130,000

AD Id : 76976966

MLS Id : 7751064

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 beds: 3

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Basement: None
Flooring Information

Laminate
Roofing Information

Composition
Interior Features

High Speed Internet, Master Downstairs Roof: Composition Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator Laundry Features: In Hall Window Features: Insulated Windows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1940 Building Area Total: 1254 Construction Materials: Aluminum Siding Patio And Porch Features: None Pool Features: None Private Pool: No View: Other
Exterior Features

Exterior Features: None

Lot Information

Lot Size Acres: 0.18 Lot Size Source: Other Lot Description: Level

Property Information

Subdivision: N/A Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 86

Listing Price Information

Listing Price: $130000

Tax Information

Parcel Number: J14N 158 Tax Lot: N/A Tax Block: N/A Tax Year: 2023 Tax Legal Desc: LT9 PB1-114 8TH WARD ROME

Parking Information

None

School Information

Elementary School: Anna K. Davie

Junior High School: Rome

Senior High School: Rome
Utility Information

Cable Available, Electricity Available, Phone Available, Water Available
Location Information

Direction: Use GPS WaterSource: Public Security Features: Smoke Detector(s)

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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	--
204 E 16th Street, Rome, GA, 30161	$130,000	3	1	1,254	1,254 SqFt
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	--

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ByOwner last updated this listing 06/04/2026 @ 20:00

MLS: 7751064 LISTED BY: Trivon Thompson, Coldwell Banker Residential Real Estate, LLC 770-429-0600 SOURCE: First Multiple Listing Service (FMLS)