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    Well-Maintained Duplex in Downtown Rome

    809 E 2nd Avenue SW Rome, GA 30161

    809 E 2nd Avenue SW, Rome, GA, 30161
    $499,800
    For Sale
    Claim this Listing
    $499,800

    MULTI_FAMILY - Rome, GA

    Property Size3,336 SF
    Lot Size0.18 Acres
    Price / SF$149.82
    AddedMay 20
    Days on Market58
    Last RefreshJul 16 at 12:06 pm

    Property Features for 809 E 2nd Avenue SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Parking features
    Carport
    Fireplace
    1
    Standard status
    Active
    APN
    J14J 067
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    25
    Tax Annual Amount
    3542

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1931
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Siding

    Listing agent Stephen Douglas Graves License #172674

    Listing office Hardy Realty & Development Company 1609 Martha Berry Blvd., Rome, GA

    Listing date May 20, 2026

    MLS# 10768317 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. 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 well-maintained duplex, originally a single-family home, presents an excellent opportunity in downtown Rome. It offers flexibility for investors or future homeowners. One unit is currently occupied with below-market rent. The other unit was recently vacated and is ready for a new tenant or owner occupant. The property offers cash flow now with strong appreciation potential. The property can be easily converted back into a single-family home in the future. The property has lots of character, is in great shape and conveniently located just minutes from restaurants, shopping, and downtown attractions. The lot size is 0.18 acres.

    Key Highlights

    • Large 3,336 SF duplex in downtown Rome, built in 1931
    • Unit A: 3 bedrooms and 2 full bathrooms
    • Unit B: 2 bedrooms and 1 full bathroom; recently vacated and ready for a new tenant or owner occupant

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $34.0k $10.20
    − Vacancy −$2.2k −$0.66
    EGI $31.8k $9.54
    − OpEx −$9.5k −$2.86
    NOI $22.3k $6.68
    3,336 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $318.2K
    $278.4K – $371.2K (±1% cap)
    NOI $22,271 @ 7.0% cap · market cap 4.46%
    Second Best
    Apartment 5plus
    $286.8K
    $251.0K – $334.6K (±1% cap)
    NOI $20,076 @ 7.0% cap · market cap 4.02%
    Theoretical Best
    Healthcare Medical
    $552.8K
    $483.7K – $644.9K (±1% cap)
    NOI $38,695 @ 7.0% cap · market cap 7.74%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    HVAC Service Plumbing Service Kitchen & Bath Showroom Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center Florist (Bike/Boat/Book/etc) Store Bakery

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

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    FAQs

    What type of property is this?
    Duplex - Duplex in downtown Rome with investment or owner-occupant potential.
    Where is this duplex located?
    The property is located at 809 E 2nd Avenue SW Rome, GA.
    What is the asking price?
    The asking price for this property is $499,800.
    What are key features of this property?
    This property features: Large 3,336 SF duplex in downtown Rome, built in 1931; Unit A: 3 bedrooms and 2 full bathrooms; Unit B: 2 bedrooms and 1 full bathroom; recently vacated and ready for a new tenant or owner occupant
    Contact an agent
    (770) 547-2401
    We can help!
    Contact an agent
    Stephen Douglas Graves
    Stephen Douglas Graves
    Real Estate License ID: 172674
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