Active under contract

$399,990

501 Downing St, Lawrenceville, GA 30046

4beds

4baths

--sqft

$2,700/mo

Get pre-qualified

Duplex, Residential Income

Built in 1983

-- sqft lot

$396,400 Zestimate^®

$--/sqft

$-- HOA

What's special

Well-proportioned multi-unit living spacesPrivate parkingComfortable floor plansFunctional kitchens

Expand your real estate portfolio with this fantastic income-producing duplex located in the heart of Gwinnett County. Offering an incredible opportunity for steady cash flow, this multi-family property in a high-demand rental market Turnkey Investment: An established income-generating asset designed to deliver consistent rental performance and strong long-term appreciation. Features well-proportioned multi-unit living spaces equipped with comfortable floor plans, functional kitchens, and private parking. Situated just minutes from the vibrant shops, dining, and community events in Downtown Lawrenceville, as well as local parks, major healthcare facilities, and major highways (including GA-316 and US-29). Excellent option for buy-and-hold investors looking to add to their portfolio or savvy owner-occupants interested in house-hacking.

20 days
879
63

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Features

Windows: Double Pane Windows

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Driveway, Level Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Fencing: None
Has view: Yes
View description: Neighborhood
Waterfront features: None
Body of water: None

Lot

Size: 0.3 Acres
Features: Corner Lot

Details

Parcel number: R5145 163

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Residential Income

Materials

Brick
Roof: Composition

Condition

Resale
New construction: No
Year built: 1983

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Green energy

Energy efficient items: Appliances
Energy generation: None

Community & HOA

Community

Features: Near Public Transport, Near Shopping, Street Lights
Security: None
Subdivision: Knightsbridge

HOA

Has HOA: No

Location

Region: Lawrenceville

Financial & listing details

Tax assessed value: $360,200
Annual tax amount: $4,183
Date on market: 10/23/2026
Cumulative days on market: 17 days
Electric utility on property: Yes

Estimated market value

$396,400

$377,000 - $416,000

$1,420/mo

Price history

Date	Event	Price
10/23/2026	Listed for sale	$399,990+63.3%
Source: FMLS GA #7858563 Report a problem
4/6/2021	Sold	$245,000+22.6%
Source: Public Record Report a problem
2/3/2017	Listing removed	$850
Source: Emerald Management, LLC Report a problem
1/30/2017	Listed for rent	$850
Source: Emerald Management, LLC Report a problem
5/27/2008	Sold	$199,900+53.8%
Source: Public Record Report a problem
8/7/2001	Sold	$130,000+62.7%
Source: Public Record Report a problem
1/28/1994	Sold	$79,900
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$144,080 +21.8%
2025	$3,738 -1.2%	$118,280
2024	$3,785 +20.3%	$118,280
2023	$3,146	$118,280 +20.7%
2022	$3,146 +22.3%	$98,000 +25%
2021	$2,572 -8%	$78,400
2020	$2,794 +0.3%	$78,400 -2.9%
2019	$2,787	$80,720 +42.7%
2018	$2,787 +40.4%	$56,560
2016	$1,985 +47.9%	$56,560 +49.8%
2015	$1,342	$37,760 +19.6%
2014	$1,342 +43.6%	$31,560 +21.4%
2013	$935	$26,000
2012	--	$26,000 -18.8%
2011	--	$32,000 -49.4%
2010	--	$63,240
2009	--	$63,240 +9%
2007	--	$58,000
2006	--	$58,000 -6.8%
2005	--	$62,240 +25.5%
2004	$794 -0.1%	$49,600
2003	$795 -45.2%	$49,600 +8.9%
2002	$1,451 +41.1%	$45,526 +7.5%
2001	$1,028	$42,360