Brick Duplex With
For Sale
$200,000
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
Price / SF$81.40
Days on Market31
Property Features for 57 A & B Nw Garden Lakes Pkwy
General Information
Standard status
Active
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
(706) 279-1422
Listed By:
Michael Lewis 7062791422
Source:
Viewchattanoogaproperties
Added: Aug 1
Changed: Aug 30
Last Checked: Aug 30 at 6:09PM
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
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 = 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
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
Questions? Ask Rey
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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
