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For sale

$550,000

Price cut $100,000

Est. monthly cost

$3,631/mo

242 N 5th Avenue SW #A, B, 226, Rome, GA 30165

Listing by Realty One Group Edge

Beds
—
Baths
—
Sq ft
4,395
Lot
9,148 sqft

About this property

Outstanding mixed-use commercial investment opportunity in Rome's vibrant River District, just two blocks from Broad Street. This three-unit property features two leased units, including an attorney's office and a residential studio apartment, along with a large, vacant commercial office space formerly occupied by Realty ONE Group Edge. The anchor unit offers potential rental income of $2,500 or more per month and may be divisible into two separate commercial units, creating a four-unit mixed-use investment property with additional income potential. Ideal for an owner-occupant seeking to establish a business while generating rental income or an investor looking to maximize the property's revenue potential. Current zoning allows for continued mixed use. Strategically located in a desirable downtown corridor surrounded by retail, dining, riverfront attractions, and civic amenities. A compelling opportunity to acquire a versatile, income-producing property with significant upside in Rome's growing River District.

Type
Commercial,Mixed Use,Office,Retail
Year built
1951
Price per sq ft
$125
Garage
—
Property tax (2024)
$7,757/yr
Listed
—
MLS #
10808763

Features

Heating

Central

Cooling

Central Air

Flooring

Carpet · Laminate

Lot

City Lot · Level

Property details

Interior

Windows:
Display Window(s)

Exterior and lot

Lot size:
0.21 acres
Other structures:
Residence
Road frontage:
Easement, Other, State Road
Road surface:
Paved

Construction

Construction materials:
Block, Stucco
Roof:
Metal
Property condition:
Resale

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Cable Available, Electricity Available, High Speed Internet, Sewer Available, Underground Utilities

Parking

Parking total:
10
Parking features:
Paved, Covered, On Street, Parking Lot

Taxes and financial

Annual tax amount:
$7,757 (2024)
Listing terms:
Cash, Conventional
Special listing conditions:
Agent/Seller Relationship

Monthly cost

Estimated monthly cost

$3,631/mo

Principal & interest
$2,709
Property taxes
$646
Home insurance
$275

$110,000

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Nov 13, 2026Price decreased$550,000−1.8%
Oct 30, 2026Price decreased$560,000−2.6%
Oct 3, 2026Listed for sale$650,000

Location

Listing information

Listing office:
Realty One Group Edge
Listing ID:
10808763
Status:
For sale
Contact phone:
706-802-7458
Contact email:
jpollard@rogedge.com

Source: Georgia MLS · Updated 8m ago · Nov 14, 2026, 6:15 AM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 14, 2026, 6:15 AM ET

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