Lilburn Homes under $400,000

Lilburn Homes under $400,000

Welcome to Lilburn, Georgia—an enchanting city nestled in the heart of Gwinnett County. With its vibrant community spirit, lush parks, and rich history, Lilburn offers a delightful blend of suburban tranquility and urban accessibility. Just a short drive from Atlanta, residents enjoy the best of both worlds: the charm of a close-knit community and the excitement of city life.

Lilburn is known for its family-friendly atmosphere, with excellent schools, diverse recreational options, and a variety of local events that bring neighbors together. The city's parks, like the popular Lilburn City Park, provide ample opportunities for outdoor activities, from picnicking to walking trails, making it an ideal place for families and nature enthusiasts alike.

For homebuyers seeking affordability without sacrificing quality, Lilburn boasts a fantastic selection of homes priced under $400,000. Whether you're looking for a cozy starter home, a spacious single-family residence, or a charming townhouse, this area offers an array of options to suit your lifestyle and budget. Many of these homes feature modern amenities and beautiful backyards, perfect for entertaining or relaxing after a long day.

Lilburn's real estate market is thriving, making it an excellent time to invest in this charming city. With its friendly community, convenient location, and affordable housing options, Lilburn is not just a place to live—it's a place to call home. Explore the possibilities and discover why so many are choosing to make Lilburn their forever 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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