514 S 5th Street, Smithfield, NC 27577
Local realty services provided by:ERA Strother Real Estate
Listed by: george white
Office: george white realty
MLS#:10145927
Source:RD
Price summary
- Price:$449,900
- Price per sq. ft.:$134.34
About this home
Investor Opportunity - Historic Property with Strong Income Potential in Downtown Smithfield
The historic Samuel R. Brady House at 514 S 5th St presents a unique investment opportunity in the growing Smithfield market. This large 1924 property features 11 total rooms, 5 bedrooms, and 3 full bathrooms, offering multiple value-add strategies for the savvy investor.
Situated on a corner lot just minutes from downtown Smithfield, the home is ideally positioned for short-term rental, long-term rental, rooming house, or potential multi-unit conversion (subject to local zoning).
Key investor highlights include:
Over 3,000+ sq ft of living space (verify)
Flexible floor plan with multiple entrances
Large kitchen + formal dining area
Unfinished basement for storage or future improvement
Strong rental demand due to proximity to downtown, dining, and commuter routes to Raleigh/Clayton
Walkable location appealing to tenants and short-term guests
The property retains its historic character while offering modern updates already in place, reducing upfront rehab costs while leaving room for additional value-add improvements.
With continued growth in Johnston County and increasing demand for rental housing, this property offers excellent upside potential for cash flow and appreciation.
Seller is offering a 1-Year Home Warranty....
Contact an agent
Home facts
- Year built:1924
- Listing ID #:10145927
- Added:45 day(s) ago
- Updated:March 29, 2026 at 10:28 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:11
- Flooring:Vinyl
- Kitchen Description:Dishwasher, Exhaust Fan, Gas Range, Gas Water Heater, Refrigerator
- Basement Description:Concrete, Storage Space, Sump Pump, Unfinished, Unheated
- Living area:3,349 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Gas Pack, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1924
- Building area:3,349 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Corner
- Architectural Style:Bungalow
- Construction Materials:Vinyl Siding
- Exterior Features:Deck, Fenced Yard
- Levels:One and One Half
Schools
- High school:Johnston - Smithfield Selma
- Middle school:Johnston - Smithfield
- Elementary school:Johnston - S Smithfield
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$449,900
- Price per sq. ft.:$134.34
- Tax amount:$4,248
Features and amenities
- Appliances:Dishwasher, Exhaust Fan, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer
- Laundry features:Laundry Room, Main Level, Washer/Dryer
- Amenities:Gas Water Heater, High Ceilings
Parking
- Parking description:Driveway, On Street
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