Spacious 1924 Five-Bedroom Home with Historic Character in Smithfield, NC
Set on S 5th Street in Smithfield, this substantial 1924 residence offers 3,349 square feet of living area and a rare combination of size and potential in Johnston County. With five bedrooms and three full bathrooms, the home is well suited for a growing family, a multi-generational household, or an investor seeking a significant rehabilitation opportunity. The home's age and scale communicate period presence—tall proportions and rooms that can be reimagined to balance modern comforts with classic character.
The layout spans multiple levels and presents flexible space to configure bedrooms, home offices, and living areas according to today’s needs. At 3,349 square feet, the floorplan gives owners room to create a primary suite, expand entertaining areas, or finish sections for rental income. Mechanical and cosmetic updates are an owner decision; this property is priced to reflect both its size and the opportunity for thoughtful renovation.
Beyond the walls, the address places you within Smithfield’s established fabric. The town’s civic and commercial amenities, community institutions, and small-town rhythm are all part of the larger appeal for buyers seeking central Johnston County living. Whether you are drawn by the prospect of restoring a period home or reconfiguring the interior for contemporary living, this property presents a substantial footprint to execute a vision.
Priced at $469,900, this offering invites a buyer with an eye for value and a plan for improvement. The combination of five bedrooms, three baths, and a 1924 construction date makes this one of the more sizable historic-era homes available in the market today. Tours are available by appointment—bring design ideas and contractor estimates to explore the opportunity this home presents in Smithfield’s residential landscape.
Smithfield, NC
Researched nearby locations
Location
514 S 5th St, Smithfield, NC 27577
Smithfield serves as the seat of Johnston County and offers a mix of historic downtown streets, municipal services, and community events that define small-town North Carolina living. Residents enjoy local shops, civic amenities, and neighborhood institutions with convenient access to regional connections. The neighborhood around South 5th Street reflects an established residential area where larger, older homes are part of the local character—appealing to buyers seeking historic charm and proximity to town life.
Good regional access to parks and community recreation; local green spaces and trails are available within short drives, with broader outdoor options a short drive away.
A factual market snapshot around 514 S 5th St.
Limited public market data is available for this specific listing feed, so buyers and sellers should seek up-to-the-minute MLS statistics from a local broker. Broadly speaking, small-city markets in central North Carolina, including Smithfield and surrounding Johnston County, have attracted steady interest from buyers priced below larger metro areas. Properties offering substantial square footage and renovation potential—like this 5-bedroom, 3,349 sq ft home—often draw both owner-occupant buyers and investors. Inventory levels in smaller towns can be tighter than in suburbs of major metros, and days on market vary by condition and price; turnkey homes typically sell faster than those requiring significant work. For this property, its size and historic build make it competitive for a buyer prepared to invest in updates. We recommend evaluating recent comparable sales in Smithfield, current active inventory, and average days on market through the local MLS to gauge immediate negotiating leverage. A pre-inspection and contractor estimates will help a buyer calculate total acquisition plus renovation costs and determine financing paths (conventional, renovation loans, cash).
What stands out about this property.
Interior Features
- 5 bedrooms
- 3 full bathrooms
- 3,349 square feet of interior space
- Built in 1924 — historic-era construction
- Flexible floorplan suitable for renovation or reconfiguration
Exterior & Lot
- Street address: 514 S 5th St, Smithfield, NC
- Mature neighborhood setting (established residential area)
- Opportunity to personalize exterior and landscaping
Location & Neighborhood
- Smithfield, Johnston County
- Access to town amenities and community services
- Small-town residential character with regional connections
Walkability & Recreation
- Walkability Rating: 60/100 — Somewhat Walkable
- Nearby parks and green spaces within short drives (local)
- Hiking and biking routes and community recreation within regional driving distance
- Running/walking paths and municipal recreation likely available nearby
- Community recreation facilities in Smithfield area