514 S 5th StreetSmithfield, NC 27577

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.