204 E 16th ST SW, Rome, GA 30161
$130,000
Est. payment /mo
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3 Beds
1 Bath
1,254 SqFt
Active

204 E 16th ST SW Rome, GA 30161

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Michelle Campbell

Michelle Campbell

+1(404) 423-3551

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,254 sqft

Price per Sqft $103

MLS Listing ID 10729968

Style Bungalow/Cottage

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1940

Annual Tax Amount $1,088

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 7840.8

Property Sub-Type Single Family Residence

Source Georgia MLS 2

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.

Location

State GA

County Floyd

Rooms

Bedroom Description No

Basement None

Interior

Interior Features Master On Main Level

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator

Laundry In Hall

Exterior

Parking Features None

Community Features None

Utilities Available Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Connected, Water Available

View Y/N No

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Level

Faces Use GPS

Sewer Public Sewer

Water Public

Architectural Style Bungalow/Cottage

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Anna K Davie

Middle Schools Rome

High Schools Rome

Others

HOA Fee Include None

Tax ID J14N 158

Acceptable Financing Cash, Conventional, FHA, USDA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan

Special Listing Condition Resale

Georgia MLS - GAMLS
© 2026 Georgia Multiple Listing Service. All Rights Reserved.

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Michelle Campbell
Michelle Campbell

Agent | License ID: 323213

+1(404) 423-3551 | michellecampbell@epique.me

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204 E 16th ST SW