Two-Bedroom Duplex with Fenced
59 N Sussex Drive Smithfield, NC 27577
59 N Sussex Drive, Smithfield, NC, 27577
$139,900
Pending
For Sale
$139,900
Pending
DUPLEX - Ranch - Smithfield, NC
Property Size1,008 SF
Lot Size0.16 Acres
Days on Market107
Property Features for 59 N Sussex Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RES
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Dining Room, Bathroom 2, Bedroom 2
- Parking
- 2
- Parking features
- Driveway
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Living/Dining Room Combination, Smooth Ceilings, Walk-In Shower
- Exterior features
- Fenced Yard, Rain Gutters
- Fencing
- Privacy, Fenced
- Appliances
- Dishwasher, Electric Range, Microwave, Washer/Dryer
- Standard status
- Pending
- APN
- 15004017W
- Size
- 1,008 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- L7b Fairfield II Pb31/245260413-170
- Tax Annual Amount
- 1620
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Flooring type
- Tile, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agency
Real Broker, LLC - Carolina Collective Realty
(919) 782-4505
Listed by
Gene Pitzer · License #268702
(919) 624-1321
Added: Apr 8 Updated: Jul 17 at 12:33PM Checked: Jul 23 at 10:06AM
MLS# 10158351
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style duplex provides a two-bedroom, two-bath layout designed for straightforward, functional living. Interior highlights referenced in the listing include engineered flooring and smooth ceilings, along with a spacious family room. The home also includes a fenced back yard, which supports more private outdoor use.
The property is located at 59 N Sussex Drive in Smithfield, North Carolina (Johnston County). It is being marketed as a short sale, which may appeal to buyers with a flexible timeline and the willingness to address property condition.
For tenants or buyers seeking a smaller, duplex-style income property, the unit configuration is compact and easy to manage, with two bedrooms and two bathrooms per residence. The fenced yard can be an important convenience for occupants looking for outdoor space. With residential zoning noted as RES, this property fits a conventional residential duplex use case and may be suitable for owner-occupants and investors looking for a manageable multifamily asset.
The property is located at 59 N Sussex Drive in Smithfield, North Carolina (Johnston County). It is being marketed as a short sale, which may appeal to buyers with a flexible timeline and the willingness to address property condition.
For tenants or buyers seeking a smaller, duplex-style income property, the unit configuration is compact and easy to manage, with two bedrooms and two bathrooms per residence. The fenced yard can be an important convenience for occupants looking for outdoor space. With residential zoning noted as RES, this property fits a conventional residential duplex use case and may be suitable for owner-occupants and investors looking for a manageable multifamily asset.
Key Highlights
- Two‑bedroom, two‑bath ranch‑style duplex built in 1989
- Fenced backyard with privacy fencing plus rain gutters
- Eat‑in kitchen with laminate counters and appliances including dishwasher, electric range, and microwave
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.5k | $15.36 |
| − Vacancy | −$808 | −$0.80 |
| EGI | $14.7k | $14.56 |
| − OpEx | −$4.4k | −$4.37 |
| NOI | $10.3k | $10.19 |
1,008 SF · lease $15.36/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$146.7K
$128.4K – $171.2K
NOI $10,272 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$126.6K
$110.8K – $147.8K
NOI $8,865 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$304.9K
$266.8K – $355.8K
NOI $21,346 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-bedroom, two-bath duplex offers engineered flooring, smooth ceilings, and a fenced back yard for added outdoor privacy.
Where is this duplex located?
The property is located at 59 N Sussex Drive Smithfield, NC.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath ranch‑style duplex built in 1989; Fenced backyard with privacy fencing plus rain gutters; Eat‑in kitchen with laminate counters and appliances including dishwasher, electric range, and microwave
