Renovated Quadruplex with Separate
103 Asbury Drive NW Rome, GA 30165
103 Asbury Drive NW, Rome, GA, 30165
$359,000
For Sale
$359,000
MULTI_FAMILY - Rome, GA
Property Size3,240 SF
Lot Size0.24 Acres
Price / SF$110.80
Days on Market151
Property Features for 103 Asbury Drive NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Standard status
- Active
- APN
- I12 021
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 6215
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick, Press Board
Listing Agency
Hardy Realty & Development Company
(706) 291-4321
1609 Martha Berry Blvd., Rome, GA
Listed by
Thomas Sipp · License #56741
(706) 346-4077
Added: Feb 16 Checked: Jul 17 at 3:06 pm
MLS# 10701650
Listing URL
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied quadruplex was built in 1981 with brick and press board construction. Interiors were completely renovated during 2023–2024, and each unit is a 2-bedroom, 1-bath layout of approximately 810 square feet. Tenants have in-unit appliances including a range/oven and refrigerator, and each unit is equipped with smoke and fire alarms.
The property is located in West Rome close to Redmond Circle, with convenience to Shorter Ave, shopping, schools, and employment centers. The seller provides public water, and the units have separate meters for power and gas. Leases are currently month-to-month.
For investors or owner-operators seeking a stable rental structure, the current rent roll ranges from $800 to $850 per month. Units are configured as consistent 2BR/1BA homes, supported by individual utilities for day-to-day billing separation. The property also uses a shared septic/sewer system, which should be reviewed as part of due diligence.
The property is located in West Rome close to Redmond Circle, with convenience to Shorter Ave, shopping, schools, and employment centers. The seller provides public water, and the units have separate meters for power and gas. Leases are currently month-to-month.
For investors or owner-operators seeking a stable rental structure, the current rent roll ranges from $800 to $850 per month. Units are configured as consistent 2BR/1BA homes, supported by individual utilities for day-to-day billing separation. The property also uses a shared septic/sewer system, which should be reviewed as part of due diligence.
Key Highlights
- Fully occupied quadruplex in West Rome near Redmond Circle
- Interiors renovated 2023‑2024; each unit is a 2BR/1BA with approx. 810 SF
- Current rents $800-$850/month with month‑to‑month leases
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $10.20 |
| − Vacancy | −$2.1k | −$0.66 |
| EGI | $30.9k | $9.54 |
| − OpEx | −$9.3k | −$2.86 |
| NOI | $21.6k | $6.68 |
3,240 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.0K
$270.4K – $360.5K
NOI $21,630 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 5.43%
Theoretical Best
Healthcare Medical
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KEVAREL
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied quadruplex with recently renovated interiors and separate power and gas metering for each unit.
Where is this quadplex located?
The property is located at 103 Asbury Drive NW Rome, GA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Fully occupied quadruplex in West Rome near Redmond Circle; Interiors renovated 2023‑2024; each unit is a 2BR/1BA with approx. 810 SF; Current rents $800-$850/month with month‑to‑month leases
