

$225,000
509 5th St, Spencer, NC 28159
3 bed · 2 bath · 1,620 sq ft
3
bedrooms
2
baths
1,620
sq.ft.
$139
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
SELLER IS OFFERING $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER! Welcome to 509 5th Street in Spencer, where classic character, generous living space, and modern comfort come together in a home that is ready for its next chapter. This charming 3-bedroom, 2-bath home offers approximately 1,620 square feet of one-level living, giving you the space you need without sacrificing the warmth and personality that make an older home special. From the moment you arrive, the inviting covered front porch sets the tone—an ideal place to enjoy your morning coffee, unwind at the end of the day, or simply take in the neighborhood. Step inside and you’ll immediately notice the beautiful wood flooring, abundant natural light, and spacious rooms that give this home an open, comfortable feel. The living areas offer plenty of room for both relaxing and entertaining, while the classic fireplace adds an eye-catching focal point and a touch of timeless charm. The kitchen provides ample cabinetry and workspace along with a dishwasher, electric range, and refrigerator, making it easy to settle in and start enjoying the home from day one. The primary bedroom features its own en-suite bathroom, creating a private retreat, while two additional bedrooms offer flexibility for family, guests, a home office, hobby room, or whatever best fits your lifestyle. A dedicated laundry room adds another layer of everyday convenience. Outside, the property continues to deliver with a detached one-car garage, providing valuable parking, storage, workshop, or hobby space. The approximately 0.17-acre lot offers manageable outdoor space without overwhelming maintenance, and with NO HOA, you can enjoy homeownership without monthly association dues. The home is also connected to city water and city sewer and features central air and a heat pump for year-round comfort. Whether you’re searching for your first home, looking to simplify with one-level living, or simply want a property that combines character, space, convenience, and value, 509 5th Street deserves a closer look. And with the seller offering $3,000 in concessions with an acceptable offer, buyers may have an opportunity to put those funds toward allowable closing costs, prepaid expenses, or other lender-approved expenses. Don’t just scroll past this one—schedule your private showing and come see what makes 509 5th Street a place you’ll want to call home.
This listing shows the Down Payment Resource indicator in Canopy MLS. Explore programs through the link above. Eligibility is not guaranteed. Browse all homes with down payment assistance.
LISTING COURTESY OF: LIFESTYLE INTERNATIONAL REALTY
scottbauknight.realtor@gmail.com
About the Neighborhood
Homes for sale in 28159 center on Spencer, a small Rowan County community of genuine railroad history significance approximately 40 miles northeast of Charlotte via I-85, anchored by the North Carolina Transportation Museum, one of the most significant rail heritage destinations in the American Southeast, housed on the former Southern Railway's primary repair facility. The residential landscape features early 20th-century worker cottages, Craftsman bungalows, and mid-century ranch homes on the community's compact, walkable street grid, reflecting Spencer's origins as a planned railroad company town. The growing Downtown Salisbury corridor along East Innes Street, with its acclaimed independent restaurants and craft beverage scene, is minutes away, and Dan Nicholas Park provides extensive outdoor recreation within easy reach. Major employers along the Salisbury and I-85 corridor, including Novant Health Rowan Medical Center and Rowan-Cabarrus Community College, anchor regional employment. The 28159 real estate market offers buyers distinctive architectural character tied to genuine American industrial history at highly competitive price points, with direct I-85 connectivity placing Charlotte approximately 40 minutes away.
Property Features
Property Description
- Beds Total: 3
- Bathrooms: 2 Full
- Year Built: 1922
- Living Area: 1,620 sqft
- New Construction: No
- MLS #: 4395795
Additional Home Features
- Subdivision: None
- Neighborhood: None
Association
- HOA Required: No
Interior Features
- Heating: Heat Pump
- Cooling: Central Air
- Laundry Room
Appliances
- Dishwasher
- Electric Range
- Electric Water Heater
- Refrigerator
Construction Materials
- Vinyl
- Foundation: Crawl Space
Cooling
- Central Air
Foundation Details
- Crawl Space
Heating
- Heat Pump
Laundry Features
- Laundry Room
Levels
- One
Parking Features
- Detached Garage
- Garage Spaces: 1
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Concrete, Paved
Sewer
- Public Sewer
WaterSource
- City
Fireplace
- Fireplace: Yes
Tax and Financial Info
- Listing Terms: Cash, Conventional, FHA, VA Loan
Location
Similar homes nearby
$225,000
Est. Payment: $1,156/mo
Illustrative estimate only, not an offer of credit. Assumes 20% down and a 30-year fixed loan at 6.5%, plus estimated property tax, insurance, and HOA. Actual rate, APR, and payment will vary.
Adjust down payment, rate & terms
Spencer, NC 28159
3
bedrooms
2
baths
1,620
sq.ft.
$139
price per sf

Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID.
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Listing Courtesy of Lifestyle International Realty
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
Listing information © 2026 Canopy MLS. All rights reserved.

