204 E 16th Street E, Rome, GA 30161

• 3 beds |
• 1 bath |
• 1,254 sqft

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 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.

Listing Status:

Active

Date Added:

April 12, 2026

Data Last Updated:

May 11, 2026 at 7:08AM

Listing Office:

Coldwell Banker Residential Real Estate, LLC : 770-429-0600

Listing Agent:

Trivon Thompson : 404-967-1314

MLS ID:

7751064

Interior

• General: High Speed Internet
• Rooms: Family Room
• Appliances: DishwasherElectric Water HeaterMicrowaveRefrigerator
• Laundry: In Hall
• Basement: None
• Flooring: Laminate
• A/C: Central Air
• Heating: Central
• Fireplace: Fireplaces: 0
• Disability Feature: None
• Eco/Green Feature: NoneNone

Exterior

• General: None
• Style: BungalowCottage
• Other Structures: None
• Pool: None
• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• Windows: Insulated Windows
• General: Aluminum SidingOneSlab

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: First Multiple Listing Service
• County: Floyd - GA

Lot

• Zoning: LT9 PB1-114 8TH WARD ROMEJ14N 158
• View: Other
• Fencing: None

Utilities

• Utilities: Cable AvailableElectricity AvailablePhone AvailableWater Available110 Volts220 Volts
• Water: Public
• Sewer: Public Sewer

Financial

• Source: First Multiple Listing Service