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204 E 16th Street SW, Rome, GA 30161

$112,500
: 3
BD
: 1
BA
: 1,254
SqFt

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Sold Price: $112,500
List Price: $130,000
Status: CLOSED
Days on Market: 93
Closing Date: Jul 27, 2026
MLS#: 10729968
Subtype: Residential
Style: Bungalow/Cottage
Year Built: 1940
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Living Area: 1,254
Lot Size: 7,840
Acres: 0.18
Subdivision: NONE

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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.

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Additional Information

Interior Features: Master On Main Level
Property Description: Bungalow/Cottage
Flooring: Laminate
Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Heating: Central
Air Conditioning: Central Air
Stories: 1 Story
Levels: One
Parking: None
Elementary School: Anna K Davie
High School: Rome