Duplex-Style Ranch with Two
New
For Sale
$460,000
493 Greg Drive SW, Lilburn, GA 30047
A finished lower level adds a second kitchen, separate entrance, two bedrooms, and its own deck.
Property Size1,977 SF
Days on Market7
Property Features for 493 Greg Drive SW
General Information
Standard status
Active
Size
1,977 SF
Total Parking Spaces
2
Property subtype
Multifamily
Additional Details
Gross Income
$42,660
Amenities
brick fireplace
hardwoods
renovated chef's kitchen
stainless appliances
back deck
luxury tiled bath with rain-head shower and LED mirrors
private deck
fenced yard
laundry hookups
0.42 acres
Septic Tank
Parcel Number: R6113 082, Annual Amount: $6,001, Year: 2025
Central Air
Central
Listing ID: 10873681, Standard Status: Active, MLS Status: New, On market as of 2026-10-14, 4 days on market
Garage
Elementary School: Camp Creek, Middle School: Trickum, High School: Parkview
Finished
Built in 1977, Levels: One, Construction Materials: Concrete
Subdivision: Casa Loma, County/Parish: Gwinnett
Resale
Park, Playground, Street Lights, Walk To Schools, Walk To Shopping
Water Source: Public
Negotiable
Water Body Name: NONE
Association Fee: $0, Fee Includes: None
Building Details
Building Size
1,977 SF
Year Built
1977
Construction
ranch
Listing Agency:
Coldwell Banker Realty
(404) 252-4908
Listed By:
Hossana Kebede · License #387561
(404) 862-4573
Source:
Blackstreaminternational
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1977, this ranch property has a main-level residence and a finished terrace-level unit with a separate covered entrance. The upper level features a vaulted great room with a brick fireplace, hardwood floors, and a renovated kitchen with stainless appliances. Its owner’s suite includes a tiled bathroom with a rain-head shower. The lower unit has a full kitchen, two bedrooms or an office/bonus room, and a private deck. Laundry hookups are present on both levels, and the property includes a two-car garage and fenced yard.
Recent improvements include the roof, cement fiber siding, HVAC, exterior paint, and garage door and opener. The home is in the Parkview High district, has no HOA, and is located in Lilburn, Georgia.
Recent improvements include the roof, cement fiber siding, HVAC, exterior paint, and garage door and opener. The home is in the Parkview High district, has no HOA, and is located in Lilburn, Georgia.
Key Highlights
- Two‑level ranch configuration with a separate covered entrance to the terrace unit
- Finished lower unit includes a full kitchen, 2 bedrooms, and a private deck
- Main level has a vaulted great room, brick fireplace, hardwood floors, and renovated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,726
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,520
$574.5K
Cap Rate 7%
$410,371
$410.4K
Cap Rate 9%
$319,178
$319.2K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$43.9K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$41.0K $20.76/SF
− OpEx
−$12.3K −$6.23/SF
NOI
$28.7K $14.53/SF
Area
Gwinnett County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,520
Cap Rate 7%
$410,371
Cap Rate 9%
$319,178
Alternative Uses
Best Use
Multifamily LT 5
$410.4K
$359.1K – $478.8K
NOI $28,726 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.7K
NOI $26,559 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$552.6K
$483.6K – $644.8K
NOI $38,685 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Demographics for 30047, GA
69,172
Population
22,691
Households
3
Avg Household Size
38
Median Age
39%
College-Educated
82%
High-School Grad
27.4 sq mi
ZIP Area
2,525
Density / Sq Mi
$85,909
Median Household Income
$41,760
Median Earnings
$1,681
Median Rent
$325,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level adds a second kitchen, separate entrance, two bedrooms, and its own deck.
Where is this duplex located?
The property is located at 493 Greg Drive SW Lilburn, GA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑level ranch configuration with a separate covered entrance to the terrace unit; Finished lower unit includes a full kitchen, 2 bedrooms, and a private deck; Main level has a vaulted great room, brick fireplace, hardwood floors, and renovated kitchen
