Lilburn Homes under $400,000

Lilburn Homes under $400,000

Welcome to Lilburn, Georgia – a hidden gem nestled in the heart of Gwinnett County! Known for its charming neighborhoods and vibrant community spirit, Lilburn offers a perfect blend of suburban tranquility and urban convenience. With its rich history, diverse culture, and abundance of recreational opportunities, it’s no wonder that families and individuals alike are drawn to this delightful city.

One of the most appealing aspects of Lilburn is its affordability. The real estate market here boasts a variety of homes priced under $400,000, making it an ideal choice for first-time homebuyers, growing families, or anyone seeking a cozy retreat without breaking the bank. Whether you're looking for a charming single-family home with a spacious backyard or a modern townhouse with easy access to local amenities, Lilburn has something to suit every taste and budget.

Residents enjoy easy access to top-rated schools, beautiful parks, and a vibrant downtown area filled with shops and restaurants. The city is also well-connected to major highways, providing a quick commute to nearby Atlanta and other surrounding areas. For those who appreciate the outdoors, Lilburn offers numerous parks, walking trails, and community events that foster a strong sense of belonging.

In Lilburn, you’ll find not just a house, but a place to call home. With its affordable housing options, welcoming community, and convenient location, Lilburn is truly a place where dreams can flourish. Explore the possibilities today and discover why so many are choosing to make Lilburn their home sweet home!

Newest Lilburn Homes under $400,000

5160 Shadow Path Sw Lane, Lilburn
$399,800
4 Beds ⋅ 3 Baths ⋅ 7847021 MLS
This home sits on a large level partially wooded lot offering a very private back yard with plenty of potential for many outdoor spaces. A 2.5 sided brick home with a side entry garage greets you upon arrival. The house is spacious with over 3000 square feet of living space + a full basement. Upon entering you will discover a foyer that leads to a lst floor bedroom/office on the right and a wonderful sized living room and dining room on the left. A full bath is present along the hall. The kitchen is very accommodating you your cooking and eating needs. Warm stained cabinets, an island and a large eating area complete this room. The surprise to the 1st floor is the “family sized” great room which is finished out with judges paneling, vaulted ceiling, fireplace and even a wet bar. This room also has access to the deck. Continue to the 2nd floor to discover the large master suite with plenty of closet space, and a well-appointed bath with a large soaking tub, separate shower and dual vanity. Two additional bedrooms are larger than normal for the traditional home. The central hall bath completes this floor. Step on down into the unfinished basement ready for your imagination to complete out with hobby, workout, theater or shop rooms. There is a convenient side-well entrance complete with a single garage door and passage door. This house is priced for the smart buyer to purchase and make this lovely home their own. Renovation enthusiasts or investors can truly bring this home back to its glory. The roof and gutters were replaced a few years ago along with a new ac unit in one of the dual HVAC systems. This home is in the quiet Mountain Laurel subdivision just down the road from the Lowes off highway 78. Enjoy the quick drive to the expressways, shopping, churches and recreation.

5160 Shadow Path Sw Lane, Lilburn

1416 Manchester Sw Court, Lilburn
$359,995
4 Beds ⋅ 3 Baths ⋅ 7847736 MLS
$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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