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    300 Waddell St NE Rome, GA 30161

    For Sale
    $499,000

    Partially completed 13-unit townhome development in Rome, Georgia.

    Property size:
    21,808 SF

    Property Features for 300 Waddell St NE

    General Information

    Size
    21,808 SF

    Building Details

    Year built
    1968

    Source: Troy Reynolds Agent Troy Reynolds

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Partially Converted Townhome Development

    This investment opportunity involves a partially completed conversion of a former 28-unit apartment community into a 13-unit townhome development in Rome, GA. Upon completion, each townhome will feature a four-bedroom, two-bathroom layout with over 1,600 square feet of living space. The next owner has the flexibility to lease the units as a rental community or sell them individually. The plans for the community have been approved. Located just an hour north of Atlanta, Rome, GA, is a thriving tertiary market known for its strong employment base, historic charm, and vibrant community. The city is home to Berry College, the world’s largest contiguous college campus, which contributes to a stable economy and a consistent demand for housing. The property size is 21,808 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.149393
    Latitude
    34.263734

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    FAQs

    What type of property is this?
    Apartment building - Partially completed 13-unit townhome development in Rome, Georgia.
    Where is this apartment building located?
    The property is located at 300 Waddell St NE Rome, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Partially completed 13-unit townhome development offering immediate value-add potential.; - Approved plans allow the next owner to move forward immediately with the conversion.; - Each townhome features a SPACIOUS four-bedroom, two-bathroom layout with over 1,600 square feet.
    (706) 616-3400
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    300 Waddell St NE Rome, GA 30161
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    Rome, GA 30161
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Waddell St NE Rome, GA 30161
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