Well-Maintained Duplex in Downtown
809 E 2nd Avenue SW Rome, GA 30161
809 E 2nd Avenue SW, Rome, GA, 30161
$499,800
For Sale
$499,800
MULTI_FAMILY - Rome, GA
Property Size3,336 SF
Lot Size0.18 Acres
Price / SF$149.82
Days on Market59
Property Features for 809 E 2nd Avenue SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Carport
- Fireplace
- 1
- Standard status
- Active
- APN
- J14J 067
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 3542
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
Listing Agency
Hardy Realty & Development Company
(706) 291-4321
1609 Martha Berry Blvd., Rome, GA
Listed by
Stephen Douglas Graves · License #172674
(770) 547-2401
Added: May 20 Checked: Jul 17 at 3:06 pm
MLS# 10768317
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 well-maintained duplex, originally a single-family home, presents an excellent opportunity in downtown Rome. It offers flexibility for investors or future homeowners. One unit is currently occupied with below-market rent. The other unit was recently vacated and is ready for a new tenant or owner occupant. The property offers cash flow now with strong appreciation potential. The property can be easily converted back into a single-family home in the future. The property has lots of character, is in great shape and conveniently located just minutes from restaurants, shopping, and downtown attractions. The lot size is 0.18 acres.
Key Highlights
- Large 3,336 SF duplex in downtown Rome, built in 1931
- Unit A: 3 bedrooms and 2 full bathrooms
- Unit B: 2 bedrooms and 1 full bathroom; recently vacated and ready for a new tenant or owner occupant
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 | $34.0k | $10.20 |
| − Vacancy | −$2.2k | −$0.66 |
| EGI | $31.8k | $9.54 |
| − OpEx | −$9.5k | −$2.86 |
| NOI | $22.3k | $6.68 |
3,336 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$286.8K
$251.0K – $334.6K
NOI $20,076 @ 7.0% cap · market cap 4.02%
Theoretical Best
Healthcare Medical
$552.8K
$483.7K – $644.9K
NOI $38,695 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex in downtown Rome with investment or owner-occupant potential.
Where is this duplex located?
The property is located at 809 E 2nd Avenue SW Rome, GA.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: Large 3,336 SF duplex in downtown Rome, built in 1931; Unit A: 3 bedrooms and 2 full bathrooms; Unit B: 2 bedrooms and 1 full bathroom; recently vacated and ready for a new tenant or owner occupant
