Lilburn Homes under $400,000

Lilburn Homes under $400,000

Welcome to Lilburn, Georgia – a hidden gem nestled in the heart of Gwinnett County! This charming city, just a short drive from the bustling metropolis of Atlanta, offers a perfect blend of suburban tranquility and urban convenience. With its rich history, vibrant community, and lush green parks, Lilburn is an ideal place for families, professionals, and retirees alike.

One of the most appealing aspects of Lilburn is its diverse range of homes available, particularly those priced under $400,000. Whether you're a first-time homebuyer or looking to downsize, you'll find an array of options that cater to various tastes and lifestyles. From cozy single-family homes to modern townhouses, each property reflects the warmth and charm of this welcoming community. Many homes feature spacious backyards, perfect for family gatherings and outdoor activities, while others come equipped with contemporary finishes that make moving in a breeze.

Lilburn is not just about beautiful homes; it’s also about the lifestyle! Residents enjoy access to excellent schools, numerous parks, and recreational facilities, making it easy to stay active and engaged. The city hosts various community events throughout the year, fostering a strong sense of belonging among neighbors. With convenient access to major highways, commuting to Atlanta or nearby cities is a breeze, allowing you to enjoy the best of both worlds.

Explore the enchanting neighborhoods of Lilburn and discover your perfect home today! With affordable options under $400,000, your dream home awaits in this delightful city.

Newest Lilburn Homes under $400,000

1416 Manchester Sw Court, Lilburn
$359,995
4 Beds ⋅ 3 Baths ⋅ 7862867 MLS
OWNER FINANCING AVAILABLE — NO BANK QUALIFYING. 25% down, 8% fixed, payments from $1,982/mo (or: 30% down, payments from $1,850/mo). Turnkey, fully furnished short-/mid-term rental with proven in-place income: $28,155 gross revenue over the trailing twelve months, 100% occupancy. Offered as a business in a box — furniture, operating systems, and booking history convey. Built for STR/MTR operators and portfolio investors priced out by bank DSCR loans: close in as little as 21 days and earn from day one. Also available for cash or conventional purchase at list price. Seller financing offered on select assets; terms subject to buyer qualification. $72K+ PRO FORMA | STABLE CASH FLOW | LILBURN CONVERSION PLAY Instant income meets massive revenue upside. Located in the high-demand Lilburn market, this 2,464 sq. ft. Colonial is a powerhouse asset. Recently occupied this December at a stable market rate, it offers a "plug-and-play" opportunity for an investor to secure equity now and double their yield later. The Strategy: While currently a 4-bedroom home, the massive footprint and traditional layout (Formal Living, Dining, and Family Room) are perfectly suited for a high-yield co-living conversion. The Numbers: Current Rent: ~$2,200/mo — Stable income starting Dec 2025. PadSplit Potential:6,000/mo(6,000/mo(72,000/year). The Yield: Nearly 3x the gross revenue utilizing a 6-bedroom conversion model ($1,000/room). The Asset: Premium Finishes: Renovated kitchen with stone counters, brand-new stainless appliances, and durable laminate/tile flooring designed for low-maintenance longevity. Conversion Ready: The separate formal living and dining rooms allow for easy conversion into additional revenue-generating bedrooms without major structural work. Prime Location: Situated in a quiet cul-de-sac on a huge 0.46-acre fenced lot. Zoned for the award-winning Brookwood High district—a "Zero Vacancy" hotspot for workforce housing. Secure a high-performing asset in a premier Gwinnett submarket. This is a turnkey investment with guaranteed stability and industry-leading pro-forma potential.

1416 Manchester Sw Court, Lilburn

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