Partially Converted Townhome
300 Waddell St NE, Rome, GA 30161
Partially completed 13-unit townhome conversion in Rome, Georgia.
Type:Multifamily
Property size:
1,600 SFPrice / SF:
$234/SF- Added:
- Mar 6, 2026
- Days on Market:
- 88
- Last Refresh:
- Apr 5 at 10:59 pm
Property Features for 300 Waddell St NE
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent Troy Reynolds License #GA #337970 (706) 660-5418
Listing office (706) 660-5418
Listing date Mar 6, 2026
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Troy Reynolds
HighLights
- Value‑add opportunity to complete a 13‑unit townhome development.
- Flexibility to lease as a rental community or sell individually.
- Each townhome features a spacious four‑bedroom, two‑bathroom layout with over 1,600 square feet.
- Approved plans allow for immediate continuation of the conversion.
- Potential rental income of $1,800 per unit or sales price between $225,000 and $250,000 per townhome.
- Located in Rome, GA, a thriving tertiary market with a strong employment base and home to Berry College.
Overview
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 option to lease the units or sell them individually. Market comparisons suggest a potential rental income of approximately $1,800 per unit or an estimated sales price between $225,000 and $250,000 per townhome. The plans for the community have been approved. Located an hour north of Atlanta, Rome, GA, is a tertiary market known for its strong employment base and historic charm. The city is home to Berry College, which contributes to a stable economy and a consistent demand for housing. This project offers an opportunity for investors or developers to move forward with the conversion and maximize rental income or exit via individual unit sales.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.1494
- Latitude
- 34.2637
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Partially completed 13-unit townhome conversion 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 $375,000.
What are key features of this property?
This property features: Value‑add opportunity to complete a 13‑unit townhome development.; Flexibility to lease as a rental community or sell individually.; Each townhome features a spacious four‑bedroom, two‑bathroom layout with over 1,600 square feet.
