355 Shannon Way

Lawrenceville, GA 30044

$349,995
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a house with a yard and large trees
a bedroom with furniture and a chandelier
a living room with furniture and a wooden floor
a bedroom with a bed and wooden floor
a close view of a utility room with dryer and washer
a view of a hallway
a bedroom with a bed and a chandelier
a spacious bathroom with a tub sink and mirror
a white toilet sitting next to a bath tub
a bathroom with a granite countertop sink a toilet and a mirror
a room with a dresser
a view of empty room with wooden floor
a bathroom with a toilet sink and mirror
a bathroom with a sink a toilet and mirror
a bathroom with a bathtub
a living room with furniture and a window
a view of a hallway with wooden floor
a bedroom with furniture and wooden floor
a room with wooden floor and furniture
a living room with wooden floor and a window
a view of hallway with wooden floor
a living room with furniture and a wooden floor
a bedroom with a bed and a chandelier
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a living room with furniture and a table
a view of an empty room
a view of a door
a kitchen with granite countertop a refrigerator and a stove top oven
a kitchen with stainless steel appliances granite countertop a stove sink and cabinets
a kitchen with a cabinets and refrigerator
a living room with furniture and a flat screen tv
a view of washer and dryer
a view of washer and dryer
a close view of washer and dryer
a storage room with washer and dryer
a utility room with washer and dryer
a view of a livingroom with furniture and a ceiling fan
a view of an empty room with a window
a living room with a bed furniture and a window
a living room with a black white checkered floor

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...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.
  1. Listed by James YEH • TruPorch Homes • 404-512-8427

Property Details for 355 Shannon Way

Subdivision Complex
Plantation Woods
Parking Features
Garage
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 02/06/2026 03:12 PM

Property Details for 355 Shannon Way

StatusActive
MLS #7714516
Days on Market3
Taxes$3,395 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1979
Lot Size0.45 AC / 19,602 SF
CountyGwinnett County

Location

Listing Courtesy of TruPorch Homes, James YEH
Add your commute

Building Information for 355 Shannon Way

Stories1Residences7Year Built1979Building Size-Lot Size0.45 AC / 19,602 SF

Payment Calculator

$1,989 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,706

Property Taxes

$283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 355 Shannon Way

Summary
Location and General Information
  • Community Features: Near Schools, Near Shopping
  • Directions: GPS
  • Lake Name: None
  • View: Trees/Woods
  • Coordinates: -84.064915, 33.929109
Taxes and HOA Information
  • Parcel Number: R5048 077
  • Tax Year: 2024
  • Association: No
  • Tax Legal Description: L31 BA SHANNON WOODS #2
School Information
  • Elementary School: Benefield
  • High School: Berkmar
  • Middle School: Sweetwater
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Levels/Stories: One
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: Accessible Bedroom, Accessible Doors
  • Construction Materials: Cement Siding
  • Dock: None
  • Fencing: None
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Lot Features: Other
  • Acreage Source: Public Records
  • Lot Size Dimensions: x 100
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 7
Income & Expenses Information
  • Gross Annual Income: $84,000.00
  • N.O.I. $: $70,000.00
  • Annual Expenses: $14,000.00
Unit 1
  • Unit Deposit Amount: $7,000.00
  • Unit Electric Included: Yes
  • Unit Features: Carpeting, Central Air, Deck, Fire Place, Hardwood Floors, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Other
  • Unit Water Included: Yes
  • Unit Rent Amount: $7,000.00
  • Unit Full Baths: 3
  • Unit Bedrooms: 5
Rental
Rent Information
  • Occupant Types: Vacant

Property History for 355 Shannon Way

DateEvent & SourcePriceAppreciation
Nov 19, 2012

Sold (Public Record)

Public Record #343998542

$75,300

-4.7% / yr

May 31, 2006

Sold (Public Record)

Public Record #423181442

$103,000—
DateEvent & SourcePrice
11/19/2012

Sold (Public Record)

Public Record #343998542

$75,300

-4.7% / yr

05/31/2006

Sold (Public Record)

Public Record #423181442

$103,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 355 Shannon Way

Taxable ValueLand$21,120Additions$107,760Total$128,880
Tax Record2025$4,934 ($411 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,256 SqFtAbove Grade Finished SqFt1,680 SqFtFinished Basement SqFt576 SqFtStories1Lot Size19,602 SqFtStyleSingle Family ResidenceYear Built1979ZoningR100-SINGLE FCountyGWINNETTAPNR5048 077Fireplace TypeHas Fireplace

Schools near 355 Shannon Way

This home is within Gwinnett County School District.
Rating
School
Type
Grades
Distance
Baggett Elementary School
Public - PK to 5
Richards Middle School
Public - 6 to 8
Discovery High School
Public - 9 to 12
Gwinnett School of Mathematics, Science and Technology
Public - 9 to 12
Rating
School
Distance
Baggett Elementary School
PublicPK to 5

Richards Middle School
Public6 to 8

Discovery High School
Public9 to 12

Gwinnett School of Mathematics, Science and Technology
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 355 Shannon Way, Lawrenceville, GA 30044

355 Shannon Way is a multi-family home for sale in Lawrenceville, GA 30044. This property was listed for sale on February 4, 2026 by TruPorch Homes, it's currently listed at $349,995. It has been on the market for a total of 3 days and was last sold on November 19, 2012. This listing's school district is Gwinnett County School District. Nearby schools include Baggett Elementary School, Richards Middle School and Discovery High School. 355 Shannon Way is a 5-bed, 3-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TruPorch Homes, James YEH

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.