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$112,500
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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.
Full Property Details
Full Property Details for 204 East 16th St SW
General
- Sold For: $112,500
- Taxes: $1,088 (2025)
- Status: Closed
- Type: Single Family
- Source: GAMLS_Atlanta
- MLS ID: 10729968
- Added to Site: 176 day(s) ago
Interior
- Rooms/Areas: Family Room
- Interior Features: Master On Main Level
- Appliances: Dishwasher, Electric Water Heater, Microwave, Oven/Range (Combo), Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: In Hall
Parking
- Parking Features: None
Location
- County: Floyd
- Driving Directions: Use GPS
School Information
- Elementary School: Anna K Davie
- Middle School: Rome
- High School: Rome
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water/Sewer: Public Sewer
Structural Information
- Architectural Style: Bungalow/Cottage
- Construction Status: Resale
- Basement Desc.: None
- Roof: Composition
- Stories/Levels: One
- Living Area: 1,254 Sq. Ft.
- Finished Total: 1,254 Sq. Ft.
- Finished Above Grnd: 1,254 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.18
- Lot Size Range: .18
- Lot Size Source: Public Records
- Lot Description: Level
Financial Considerations
- Tax Amount: $1,088
- Tax Year: 2025
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Schools
Schools serving 204 East 16th St SW
School District:Rome City School District
| Name | Grades | Distance |
|---|---|---|
Anna K. Davie Elementary 24 East Main Street Southwest, Rome, GA 30161 | PK-6 | 1 mi |
Rome Middle School 1020 Veterans Memorial Highway Northeast, Rome, GA 30161 | 7-8 | 3.9 mi |
Rome High School 1000 Veterans Memorial Highway Northeast, Rome, GA 30161 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 204 East 16th St SW
Date
Details
Price
Change
Source
7/27/2026
Sold
$112,500
-13.46%
MLS
4/12/2026
Listed
$130,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
204 E 16th Street SW, Rome, GA 30161 (MLS# 10729968) is a Single Family property that was sold at $112,500 on July 27, 2026. This property was listed by Trivon Thompson from our Cherokee Office.Want to learn more about 204 E 16th Street SW? Do you have questions about finding other Single Family real estate for sale in Rome? You can browse all Rome real estate or contact a Coldwell Banker agent to request more information.


