514 S 5th St Smithfield, NC 27577
Estimated payment $2,696/month
Total Views
32,621
5
Beds
3
Baths
3,349
Sq Ft
$130
Price per Sq Ft
Highlights
- Very Popular Property
- High Ceiling
- French Doors
- Deck
- No HOA
- Handicap Accessible
About This Home
Price improvement! 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,249
Year Built
- Built in 1924
Lot Details
- 11,326 Sq Ft Lot
- Back Yard Fenced
Home Design
- Bungalow
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3,349 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- French Doors
- Washer and Dryer
Kitchen
- Gas Range
- Dishwasher
Flooring
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Sump Pump
- Block Basement Construction
- Basement Storage
Parking
- 6 Parking Spaces
- Driveway
- On-Street Parking
- 4 Open Parking Spaces
Schools
- S Smithfield Elementary School
- Smithfield Middle School
- Smithfield Selma High School
Utilities
- Central Air
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Handicap Accessible
- Deck
Community Details
- No Home Owners Association
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 15035031
3D Interior and Exterior Tours
Floorplans
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,249 | $438,000 | $70,000 | $368,000 |
| 2024 | $3,513 | $283,320 | $45,000 | $238,320 |
| 2023 | $3,570 | $283,320 | $45,000 | $238,320 |
| 2022 | $3,683 | $283,320 | $45,000 | $238,320 |
| 2021 | $2,136 | $164,310 | $45,000 | $119,310 |
| 2020 | $2,185 | $164,310 | $45,000 | $119,310 |
| 2019 | $2,185 | $164,310 | $45,000 | $119,310 |
| 2018 | $2,122 | $157,200 | $46,580 | $110,620 |
| 2017 | $2,122 | $157,200 | $46,580 | $110,620 |
| 2016 | $2,122 | $157,200 | $46,580 | $110,620 |
| 2015 | $2,122 | $157,200 | $46,580 | $110,620 |
| 2014 | $2,122 | $157,200 | $46,580 | $110,620 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $434,900 | -3.3% | $130 / Sq Ft | |
| 03/24/2026 03/24/26 | Price Changed | $449,900 | -4.3% | $134 / Sq Ft | |
| 03/07/2026 03/07/26 | For Sale | $469,900 | +59.3% | $140 / Sq Ft | |
| 12/14/2023 12/14/23 | Off Market | $295,000 | -- | -- | |
| 07/06/2021 07/06/21 | Sold | $295,000 | 0.0% | $90 / Sq Ft | View Prior Sale |
| 05/20/2021 05/20/21 | Pending | -- | -- | -- | |
| 05/15/2021 05/15/21 | For Sale | $295,000 | 0.0% | $90 / Sq Ft | |
| 05/05/2021 05/05/21 | Pending | -- | -- | -- | |
| 04/30/2021 04/30/21 | For Sale | $295,000 | -- | $90 / Sq Ft |
Source: Doorify MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | None Listed On Document | |
| Warranty Deed | $295,000 | None Available | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $341,600 | New Conventional | |
| Previous Owner | $300,162 | New Conventional |
Source: Public Records
About the Listing Agent
George White is a seasoned Real Estate Professional for the Raleigh/Triangle and surrounding areas. His career in real estate began over three decades ago and for most of that period was also a certified real estate appraiser. The combined expertise of a Realtor and an Appraiser gave George a competitive edge. In 1983, George decided he wanted to branch out and start his own real estate company – George White Realty was born and the “By George!” and iconic red-roofed house logo became a staple
George's Other Listings
Source: Doorify MLS
MLS Number: 10145927
APN: 15035031
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Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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