Property photo 1
3 Beds
1 Bath
1,254 sqft

$112,500

204 E 16th Street SW, Rome GA, 30161

Price per sqft$89.71
Built in1940
Property size1,254 sqft
Property typeResidential

Overview

Sold

Listed Apr 12, 2026

Updated Jul 30

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.

Additional information

MLS® ID
10729968

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$1,088
Tax Frequency
Annually
Association Fee Frequency
Yearly

Bought with Non-Mls Company and Listed with Coldwell Banker Realty

Based on information from Georgia MLS as of 7/30/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 2:49 AM UTC, 7/30/2026

Return to homepage.

Powered by Luxury Presence