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Property Location

1202 Desoto Avenue NW, Rome GA 30165

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List Price $600,000

Units 1

Price / Unit $600,000

Est. Year 1 Cash Flow $-30,384 after debt service

1202 Desoto Avenue NW Rome, GA 30165

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Exceptional development opportunity in the heart of Rome! This 4+ acre assemblage is ideally located adjacent to the newer Sparrow Pointe Senior Apartments and offers outstanding potential for multifamily residential, Neighborhood Office Commercial (NOC), or other potential uses. The property is bounded by Desoto Avenue to the west, Iron Street to the south, and Avenue D/Sparrow Pointe to the east, with current access via Desoto. Situated just one block from Martha Berry Boulevard/US 27, the location offers convenient access to major employers, healthcare, education, shopping, dining, and recreation. The property is less than one mile from Atrium Health Floyd, approximately five minutes from Downtown Rome's Broad Street, and within seven minutes of Shorter University and Berry College. Located within a Federal Opportunity Zone for the right project. Residents and visitors will enjoy nearby access to grocery, restaurants, golf courses, parks, stadium, and other recreational amenities. Property consists of the following tax parcels: I13Z-114, I13Z-115, I13Z-116, and I13Z-118. 118 is already zoned MFR. The other parcels are currently zoned HTR. There are two houses and several structures formerly used for a business, currently located on 114 and 115. Public water and sewer.

Investment Notes — Rome

Located in the Rome, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $600,000 Verified

 Est. Year 1 Cash Flow  $-30,384  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

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Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

51%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Rome. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

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Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7779199 · Listing courtesy of Prestige Home Brokers, Christie Welch Carroll · 678-747-9930

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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