355 Shannon Way Lawrenceville, GA $ 349,995
355 Shannon Way
$ 349,995
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355 Shannon Way

Lawrenceville, GA, 30044
$ 349,995
Baths0.0

Monthly Estimate*

$ 2,155

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Studio

Multi-Family Home for sale in Lawrenceville, GA

for $349,995. This home was built in 1979 on a lot size of 0.45.

HIGH-YIELD INVESTMENT | 7BR/3BA | VACANT & READY FOR MAXIMUM INCOME 355 Shannon Way is a turnkey home in Lawrenceville, designed for investors ready to scale returns. Completely vacant and recently updated, it’s positioned to capitalize immediately on high-demand co-living or PadSplit strategies, with the ability to convert the garage into two additional bedrooms for a total of 7 income-producing rooms. The 7-Bedroom Pro Forma: Traditional 5BR Rent: $2,700/mo ($32,400/yr) PadSplit with 7 Bedrooms: $7,000/mo ($84,000/yr) The Investor Upside: The 7-bedroom co-living model delivers $51,600+ in additional annual income compared to traditional leasing, nearly triple the gross revenue potential. Why 355 Shannon Way Stands Out: Immediate Start: Vacant and move-in ready. Begin renting within days. Built to Last: Hardwood floors, fresh carpet, and cement siding reduce maintenance and turnover costs. Flexible Layout: 5 existing bedrooms + 3 full baths, plus a garage easily convertible into 2 additional bedrooms, ideal for maximizing occupancy in a shared housing model. Expansion Ready: Finished basement, multiple living areas, and a 0.45-acre lot with a private deck and no HOA restrictions. This isn’t just another rental. It’s a revenue-engine property structured for today’s high-yield housing models, backed by a 20% cap rate and immediate cash flow potential.

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Multi-Family Active

Price

$ 349,995

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,395

Style

Lot Size

0.45

Year Built

1979

Town/City

Lawrenceville

County/Region

Gwinnett

MLS | Web ID

7745349

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available Water Available
Roof Composition
Security Features None
Construction Materials Cement Siding
Year Built 1979
View Trees/Woods
Levels One
Property Subtype Other
Tax Year 2024
Gross Income 84000
Waterfront Features None
Community Features Near Schools Near Shopping
Accessibility Accessible Bedroom Accessible Doors
County Gwinnett - GA
Net Operating Income 70000
Operating Expense 14000
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Plantation Woods
Green Energy Generation None
Status Active
Directions GPS
High School Berkmar
City Lawrenceville
Body of Water None
Number Of Units Total 7
Elementary School Benefield
Property Attached Y/N false
Tax Annual Amount 3395
Home Warranty Y/N false
Middle/Junior High School Sweetwater
Property Condition Resale
Standard Status Active
Freehold IDX
Corporate Owner None
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Interior
Window Features None
Total Baths 0
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Exterior
Fencing None
Parking Features Garage
Lot Features Other
Water Source Public
Lot Dimensions x 100
Lot Size Acres 0.45
Lot Size Source Public Records
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* Excluded Features
List By
James YEH

Listing Agent

Truporch Homes

Broker

james@truporchhomes.com

Email

Affordability Calculator

$2,438
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$283
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4312749 Elementary School
4134094 Middle School
Berkmar High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$349,995 Listed Price

Map


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355 Shannon Way, Lawrenceville, GA, 30044 is a Multi-Family Home for sale at $349,995 with a lot size of 0.45. 355 Shannon Way is a studio with 0.0 baths and was built in 1979. The property's zip code is 30044 which is in Lawrenceville, GA