351 Freeport Drive 351 & 349 Lawrenceville, GA $ 409,900
351 Freeport Drive 351 & 349
$ 409,900
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351 Freeport Drive 351 & 349

Lawrenceville, GA, 30046
$ 409,900
Baths0.0

Monthly Estimate*

$ 2,588

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Studio

Multi-Family Home for sale in Lawrenceville, GA

for $409,900. This home was built in 1985 on a lot size of 0.68.

*** CALLING ALL INVESTORS *** Duplex for Sale in Lawrenceville, GA | Cash-Flow Investment Property Near Northside Hospital & Georgia Gwinnett College | TURN-KEY, MOVE-IN READY, 4-SIDE BRICK DUPLEX FOR SALE IN THE HEART OF LAWRENCEVILLE! | WELL MANICURED OVERSIZED CORNER LOT (3/4 +/- Acre), this asset is pristine condition and includes TWO SEPARATE UNITS (2 bd / 1 Ba each) w/ TWO SEPARATE ELECTRICAL METERS/ENTRANCES/PARKING. Both Units are in impeccable condition and have 1 oversized Bathroom in the hallway for joint tenant use per unit & come 'fully loaded' with Hand scraped LVP Hardwood flooring throughout, Updated Bathrooms, Updated Kitchen, Light and Airy paint scheme throughout and so much more! NEWER FLOORING/ROOF/HVAC/WATER HEATER/BATHROOMS/Fresh Paint Inside/Out! Annual Rate of Return/Capitalization Rate is roughly 8-10% with a low level of maintenance & NO HOA ensures optimal returns for investors! Excellent long term tenant payment history and and/or future cash flow increase and or value add opportunities as tenant is on a month-to-month basis and the other unit is vacant. 10% Capitalization Rate & NO HOA make this one a great pick for institutional investors or even private buy/hold portfolio investors. Discover an outstanding duplex investment opportunity in Lawrenceville, GA at 351 Freeport Drive, Lawrenceville, GA 30046. Whether you're searching for a cash-flow rental property, a house hacking opportunity, or a multi-family investment in Gwinnett County, this well-maintained all-brick duplex offers immediate income with excellent upside potential. One unit is currently leased at $1,400 per month, while the second unit is vacant, allowing an investor to lease at current market rates or an owner-occupant to live in one side while generating rental income from the other. Based on projected rents of $1,650 per month per unit, the property offers an estimated $3,300 in gross monthly rental income. Seller's financial analysis reflects an approximate 9.34% projected capitalization rate based on these projected rental figures. Buyers should independently verify all income, expenses, and investment projections during due diligence. Recent improvements include a newer roof, luxury vinyl plank flooring throughout, white shaker cabinets, updated countertops, and modern finishes designed to attract quality tenants while minimizing future maintenance. The durable four-sided brick exterior provides lasting value, and the spacious lot offers privacy with room to enjoy outdoor living. Location is one of this property's greatest strengths. Situated just minutes from Northside Hospital Gwinnett, Georgia Gwinnett College (GGC), Historic Downtown Lawrenceville, the Gwinnett Justice & Administration Center, shopping, restaurants, and entertainment, this duplex is positioned in a high-demand rental market. Adding even more long-term value, the brand-new Discovery Park is currently under development just outside the subdivision, bringing expanded green space, recreation, walking trails, and another exciting amenity to one of Gwinnett County's most desirable areas. Whether you're a seasoned real estate investor, first-time investment property buyer, or owner-occupant looking to offset your mortgage with rental income, 351 Freeport Drive delivers the combination of location, cash flow, rental demand, and future appreciation that today's buyers are searching for. Investment Highlights: One unit occupied, one unit vacant. Projected gross rents of approximately $3,300/month Approximate 9.34% seller-projected cap rate. Newer Roof & LVP FLOORING, Four-sided brick construction, Minutes to Northside Hospital Gwinnett, Near Georgia Gwinnett College, Close to Downtown Lawrenceville, Easy access to I-85, GA-316, Sugarloaf. *** For more info or to arrange your private showing Text 'ZachMaxey' to '59559' ** APPOINTMENT ONLY!

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Multi-Family Active

Price

$ 409,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,013

Style

Lot Size

0.68

Year Built

1985

Town/City

Lawrenceville

County/Region

Gwinnett

MLS | Web ID

10803877

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Individual Meters Sewer Connected
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1985
Levels One
Unit Number 351 & 349
Property Subtype Multi Family Duplex
Tax Year 2025
Gross Income 33600
Community Features Near Public Transport Walk To Schools Near Shopping
County Gwinnett
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 0
Subdivision Name YORKTOWNE
Garage Y/N false
Status Active
Directions Kindly use GPS.
High School Discovery
City Lawrenceville
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 29620.8
Carport Y/N false
Elementary School McKendree
Tax Annual Amount 5013
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Richards
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features In Unit
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Off Street
Water Source Public
Total Parking 4
Lot Size Area 29620.8
Foundation Details Slab
Lot Size Acres 0.68
Lot Size Source Public Records
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* Excluded Features
List By
zachary@zacharymaxey.com

Email

Affordability Calculator

$3,006
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,588
Monthly Property Taxes
$418
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
0 Elementary School
0 Middle School
Discovery High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2026$409,900 Listed Price

Map


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351 Freeport Drive 351 & 349, Lawrenceville, GA, 30046 is a Multi-Family Home for sale at $409,900 with a lot size of 0.68. 351 Freeport Drive 351 & 349 is a studio with 0.0 baths and was built in 1985. The property's zip code is 30046 which is in Lawrenceville, GA