$349,995

355 Shannon Way, Lawrenceville, GA 30044

other
Built in 1979
0.45acre lot
—— car garage
$——/sqft
Listed 2 days ago

Property Description

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.

Listing Status:: Active
Date Added:: April 1, 2026
Data Last Updated:: April 3, 2026 at 4:06PM
Listing Office:: TruPorch Homes : 404-333-8497
Listing Agent:: James YEH : 404-333-8497
MLS ID:: 7745349

A/C: Central Air
Heating: Central
Disability Feature: Accessible BedroomAccessible Doors
Eco/Green Feature: NoneNone

Parking: Garage

Roofing: Composition
Windows: None
General: Cement SidingOne

Originating MLS: First Multiple Listing Service
County: Gwinnett - GA

Zoning: L31 BA SHANNON WOODS #2
View: Trees/Woods
Fencing: None

Utilities: Electricity AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: First Multiple Listing Service

This listing courtesy of James YEH , TruPorch Homes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Alford Elementary School

2625 Lawrenceville Hwy, Lawrenceville, GA, 30044

Grades KG-5

0.43 miles away

Sweetwater Middle School

3500 Cruse Rd, Lawrenceville, GA, 30044

Grades 6-8

2.46 miles away

Berkmar High School

405 Pleasant Hill Rd NW, Lilburn, GA, 30047

Grades 9-12

3.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.