Listing provided courtesy of Coldwell Banker Residential Real Estate, LLC- MLS# 7751064
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Request Info204 E 16th Street ERome, GA 30161
Single Family · 3 Beds · 1 Full Bath · 1,254 Sq. ft. | 0.18 Acres$130,000
Active
204 E 16th Street E Overview
- Time on Site:
- 79 days
- Visits:
- 0
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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204 E 16th Street E Facts & Features
- Type Single Family
- Sq. ft. 1,254
- Price/Sq.ft. $104
- Lot 0.18 Acres
Details
General
Association/HOA
- Swim Tennis Fee: 0
- Association Fee: 0
- Association Fee 2: 0
- Association: No
School Information
- School Bus Route Elem: Yes
- School Bus Route High: Yes
- School Bus Route Middle: Yes
- Elementary School: Anna K. Davie
- Middle Or Junior School: Rome
- High School: Rome
Green Features
- Green Energy Efficient: None
- Green Energy Generation: None
Building Information
- Year Built: 1940
Location/Region
- County Or Parish: Floyd - GA
- Subdivision Name: N/A
Community/Development
- Community Features: None
- Number Of Units In Community: 0
Rent/Lease Information
- Association Rent Restrictions: No
- Land Lease: No
Tax Information
- Tax Annual Amount: 0
- Tax Year: 2023
General Information
- Ownership: Fee Simple
- Parcel Number: J14N 158
- Property Condition: Resale
- Property Sub Type: Single Family Residence
- Property Type: Residential
Unit Information
- Number of Units To Be Built: 0
Interior
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Half: 0
- Bathrooms Total: 1
- Bedrooms Total: 3
Building Interior
- Above Grade Finished Area: 1254
- Below Grade Finished Area: 0
- Building Area Source: Owner
- Building Area Total: 1254
General Information
- Accessibility Features: None
- Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator
- Basement: None
- Common Walls: No Common Walls
- Cooling: Central Air
- Electric: 110 Volts, 220 Volts
- Fireplace Features: None
- Fireplaces Total: 0
- Flooring: Laminate
- Heating: Central
- Interior Features: High Speed Internet
- Laundry Features: In Hall
- Levels: One
- Main Level Bathrooms: 1
- Main Level Half Bathrooms: 0
- Main Level Bedrooms: 3
- Other Equipment: None
- Security Features: Smoke Detector(s)
- Spa Features: None
- Window Features: Insulated Windows
Room Information
- Bedroom Features: Master on Main
Exterior
Parking Information
- Parking Features: None
- Parking Total: 0
Lot Information
- Land Lot: N/A
- Lot Features: Level
- Lot Size Acres: 0.18
- Lot Size Dimensions: 0
- Lot Size Source: Other
- Road Surface Type: Asphalt
- Water Source: Public
Waterfront/View
- Waterfrontage Length: 0
- View: Other
- Water Body Name: None
- Waterfront Features: None
Building Exterior/Construction
- Dock: None
- Architectural Style: Bungalow, Cottage
- Construction Materials: Aluminum Siding
- Patio And Porch Features: None
- Property Attached: No
- Roof: Composition
General Information
- Exterior Features: None
- Fencing: None
- Horse Amenities: None
- Other Structures: None
- Pool Features: None
- Pool Private: No
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Phone Available, Water Available
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204 E 16th Street E Neighborhood
Community
30106 (Austell) Demographics
37
Median Age
1,805
Population Density (per sq. mile)
37%
College Educated
$52,532
Estimated Median Income
4,396
Estimated Total Home Owners
3,871
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.204 E 16th Street E Monthly Cost
204 E 16th Street E Market Data
Based on the last 30 days in this zip code
$323,578
Average List Price
$183
Average Price per Square Foot
40
Properties Sold
70
Average Days on Market
214
Properties for Sale
204 E 16th Street E History
| Date | Value | Agent |
|---|---|---|
| 4/12/2026Source: FMLS | Active |
|
| 4/10/2026Source: FMLS | April 10, 2026 |