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Property view

204 E 16th Street Sw, 
Rome, GA 30161

$130,000


3

Beds


1

Bath


1,254

Sq Ft


Single Family

Active

Last updated:

April 29, 2026, 10:51 AM

MLS#

10729968

Source:

METROMLS

About This Home

204 E 16th Street Sw

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.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1940

Price Summary

130,000

$103 per Sq. Ft.

MLS #:

10729968

Last Updated:

April 29, 2026, 10:51 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,254 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow/Cottage

Building Area:

1,254 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$130,000

Price per Sq. Ft:

$103 per Sq. Ft.

204 E 16th Street Sw
MLS Logo
2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed April 29, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.