103 Asbury Drive NW, Rome, GA 30165
- Added:
- Feb 16, 2026
- Days on Market:
- 142
- Last Refresh:
- Jul 8 at 12:06 am
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 agent Thomas Sipp License #56741 (706) 346-4077
Listing office Hardy Realty & Development Company 1609 Martha Berry Blvd., Rome, GA (706) 291-4321
Listing date Feb 16, 2026
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.
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
- Each unit has separate meters for power and gas; public water provided by seller
- Built in 1981 with brick and press board construction
- Central heating (natural gas) and central air; sewer via shared septic tank
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.212589
- Latitude
- 34.287721
