Single-Level Brick
New
For Sale
$200,000
57 A & B NW Garden Lakes Pkwy, Rome, GA 30165
MULTI_FAMILY - ROME, GA
Property Size2,457 SF
Lot Size0.19 Acres
Price / SF$81.40
Days on Market3
Property Features for 57 A & B NW Garden Lakes Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Condominium
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Laundry Room, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Window features
Single Pane Window(s)
Interior features
Ceiling Fan(s), Laundry Room, Walk-in Closet(s), Water Heater-Natural Gas
Exterior features
Fence-In Back
Fencing
Fenced
Appliances
Dishwasher, Microwave Built-in, Oven/Range, Refrigerator
Subdivision
Conifer Ring
Elementary school district
4
Middle school district
4
High school district
4
Standard status
Active
APN
G13W220
Size
2,457 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3740
HOA Fee
$26 Annually
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central heat and air
laundry room
carport
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Roof type
Composition
Listing Agency:
Response Realty
(706) 279-1422
Listed By:
Michael Lewis
(770) 401-0523
Added: Aug 6
Last Checked: Aug 8 at 1:06PM
MLS# 136156
Copyright © 2026 Carpet Capital Association of REALTORS®. 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 1988 brick duplex contains two single-level 2-bedroom, 2-bath units, each measuring approximately 1,228.5 square feet. Both residences offer large bedrooms with attached full baths, generous living areas, kitchen-dining combinations, laundry rooms, and additional closet storage. Central heating and air conditioning serve each unit, with natural gas heat, laminate, vinyl, and carpet flooring, plus included kitchen appliances.
The property encompasses 2,457 square feet on a 0.1888-acre lot at 57 A & B NW Garden Lakes Pkwy in Rome, Georgia. Each unit has a one-car carport, while the rear portion of the property is fenced. Public water and public sewer serve the duplex. Interior features include ceiling fans, walk-in closets, and natural-gas water heaters.
The property encompasses 2,457 square feet on a 0.1888-acre lot at 57 A & B NW Garden Lakes Pkwy in Rome, Georgia. Each unit has a one-car carport, while the rear portion of the property is fenced. Public water and public sewer serve the duplex. Interior features include ceiling fans, walk-in closets, and natural-gas water heaters.
Key Highlights
- Duplex with two 2BR/2BA single‑level units
- 2,457 square feet on a 0.1888‑acre lot
- Approx. 1,228.5 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,060
$328.1K
Cap Rate 7%
$234,329
$234.3K
Cap Rate 9%
$182,256
$182.3K
Market Conditions
NOI Build-Up for 2,457 SF
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.
Gross rent
$25.1K $10.20/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$23.4K $9.54/SF
− OpEx
−$7.0K −$2.86/SF
NOI
$16.4K $6.68/SF
Area
Floyd County, GA
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,060
Cap Rate 7%
$234,329
Cap Rate 9%
$182,256
Alternative Uses
Best Use
Multifamily LT 5
$234.3K
$205.0K – $273.4K
NOI $16,403 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$211.2K
$184.8K – $246.4K
NOI $14,786 @ 7.0% cap · market cap 7.39%
Theoretical Best
Healthcare Medical
$407.1K
$356.2K – $475.0K
NOI $28,499 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 30165, GA
41,943
Population
17,159
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
83%
High-School Grad
167.0 sq mi
ZIP Area
251
Density / Sq Mi
$63,915
Median Household Income
$35,637
Median Earnings
$949
Median Rent
$209,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences include laundry rooms, central HVAC, and one-car carports.
Where is this duplex located?
The property is located at 57 A & B NW Garden Lakes Pkwy Rome, GA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex with two 2BR/2BA single‑level units; 2,457 square feet on a 0.1888‑acre lot; Approx. 1,228.5 square feet per unit
