204 E 16th Street SW, Rome, GA 30161 (MLS # 10729968)
Brought to you by Toles, Temple and Wright, Inc.
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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.
| DAYS ON MARKET | 101 | LAST UPDATED | 4/11/2026 |
|---|---|---|---|
| TRACT | NONE | YEAR BUILT | 1940 |
| COUNTY | Floyd | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Anna K Davie |
|---|---|
| Jr. High School | Rome |
| High School | Rome |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Water Heater, Microwave , Oven , Range, Refrigerator |
| BASEMENT | None |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Central |
| INTERIOR | High Speed Internet, Master Downstairs |
| LOT | 7841 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow/Cottage |
| SUBDIVISION | NONE |
| TAXES | 1088 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Realty
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Copyright 2026 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.