204 E 16th Street E, Rome, GA 30106

Rome
Local realty services provided by:ERA Towne Square Realty, Inc.
204 E 16th Street E,Rome, GA 30106
$130,000
  • 3 Beds
  • 1 Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: trivon thompson
Office: coldwell banker residential real estate, llc.
MLS#:7751064
Source:FIRSTMLS

Price summary

  • Price:$130,000

About this home

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.

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Home facts

  • Year built:1940
  • Listing ID #:7751064
  • Updated:April 12, 2026 at 02:58 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Laminate
  • Bathrooms Description:Tub/Shower Combo
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Bedroom Description:Master on Main

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Lot area:0.18 Acres
  • Lot Features:Level
  • Architectural Style:Bungalow, Cottage
  • Construction Materials:Aluminum Siding
  • Levels:1 Story

Schools

  • High school:Rome
  • Middle school:Rome
  • Elementary school:Anna K. Davie

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$130,000

Features and amenities

  • Laundry features:In Hall
  • Amenities:Electric Water Heater, High Speed Internet
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