Brick Duplex With
For Sale
$200,000
Pending
57 A & B Nw Garden Lakes Pkwy, Rome, GA 30165
Two single-level residences offer matching bedroom and bath layouts with private laundry areas and central heating and air conditioning.
Property Size2,457 SF
Days on Market71
Property Features for 57 A & B Nw Garden Lakes Pkwy
General Information
Standard status
Pending
Size
2,457 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
central heat and air
laundry room
Building Details
Year Built
1988
Construction
brick ranch
Listing Agency:
Response Realty
Listed By:
Michael Lewis 7062791422
(706) 279-1422
Source:
Searchchattanoogahomesnow
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 14 at 11:28PM
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 Response Realty
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Investment Insights
Based on property information with market context.
Built in 1988, this brick ranch duplex contains two single-level residences, each measuring approximately 1,228.5 square feet. Both units provide two bedrooms, two full bathrooms, a large living room, and a kitchen-dining arrangement. Each bedroom has an attached full bath, creating a consistent roommate-style layout.
Central heat and air serve both units, while individual laundry rooms and additional closet storage support daily functionality. Each residence also includes a one-car carport. The combined property size is 2,457 square feet, with the two units offering substantially similar configurations.
Central heat and air serve both units, while individual laundry rooms and additional closet storage support daily functionality. Each residence also includes a one-car carport. The combined property size is 2,457 square feet, with the two units offering substantially similar configurations.
Key Highlights
- Two‑unit brick ranch duplex built in 1988
- Each unit offers 2 bedrooms and 2 full bathrooms
- Approximately 1,228.5 square feet per unit; 2,457 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,403
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences offer matching bedroom and bath layouts with private laundry areas and central heating and air conditioning.
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: Two‑unit brick ranch duplex built in 1988; Each unit offers 2 bedrooms and 2 full bathrooms; Approximately 1,228.5 square feet per unit; 2,457 square feet total
