355 Shannon Way, Lawrenceville, GA 30044
Local realty services provided by:CENTURY 21 Novus
355 Shannon Way,Lawrenceville, GA 30044
$349,995
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: james yeh404-333-8497
Office: truporch homes
MLS#:7745349
Source:FIRSTMLS
Price summary
- Price:$349,995
About this home
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....
Contact an agent
Home facts
- Year built:1979
- Listing ID #:7745349
- Updated:April 05, 2026 at 01:21 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1979
- Lot area:0.45 Acres
- Construction Materials:Cement Siding
- Levels:1 Story
Schools
- High school:Berkmar
- Middle school:Sweetwater
- Elementary school:Benefield
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,995
- Tax amount:$3,395 (2024)
Parking
- Parking description:Garage
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