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$128,900
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Property Description
Welcome to this 3-bedroom, 1.5-bathroom gem nestled in the heart of the city. This home is brimming with character and ready for you to make it your own! Step inside to discover high ceilings and wood floors throughout the living room, dining room, and sitting room-just waiting to be refinished to their original glory. The roomy front porch is perfect for sipping your morning coffee, while the screened-in back porch offers a peaceful retreat overlooking the fenced-in backyard. Whether you're hosting a barbecue or enjoying a quiet evening, the outdoor spaces are sure to impress. This home is close to the NC Transportation Museum and downtown Spenser. The home features natural gas heat, ensuring warmth and efficiency during the colder months. The detached garage provides ample storage or workshop potential, and the home's layout offers plenty of flexibility to suit your needs. While this home does need some TLC, it's being sold AS-IS, making it a fantastic opportunity to add your personal touch and create the home of your dreams. Don't miss out on this chance to own a home with so much potential in a prime city location. Schedule your showing today and start envisioning the possibilities!
Full Property Details
Full Property Details for 509 5th St #5
General
- Price: $128,900
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4318636
- Updated: 1/8/2026
- Added to Site: 71 day(s) ago
Interior
- Interior Features: Pantry
- Fireplace: Yes
- Fireplace(s): Family Room, Living Room, Family Room, Living Room
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Oven, Refrigerator
- Flooring: Carpet, Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Main - Full Baths: 1
- Main - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Bathroom, Main Level
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway, Detached Garage, On Street
Location
- County: Rowan
- Driving Directions: Google directions lead you directly to the residence. From NC I-85: Take Exit 79 toward Spencer/E. Spencer, turn left onto Old Union Church Road, and continue onto E. Jefferson Street. Turn left onto N. Salisbury Avenue, then turn right onto 5th Street. The house will be about 0.4 miles on the Left.
School Information
- Elementary School: North Rowan
- Middle School: North Rowan
- High School: North Rowan
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Available, Electricity Connected
Structural Information
- Architectural Style: Ranch
- Construction: Site Built
- Exterior Const.: Wood
- Roof: Architectural Shingle
- Main/1st Level: 1,608 Sq. Ft.
- Year Built: 1922
Lot Features
- Lot Dimensions: 50*145*50*145
- Street/Road Desc.: Concrete, Paved
- Lot Features: Cleared
- Rcmdd Zoning: R-6
- Fencing (Description): Back Yard, Fenced
Financial Considerations
- Terms: Cash, Conventional, Private
Disclosures and Reports
- Property ID: 033 222
- Lot Number: 1345/524
Listed by Coldwell Banker- CK Select
Get Pre-Approved Today
Schools
Schools serving 509 5th St #5
School District:Rowan-Salisbury Schools
| Name | Grades | Distance |
|---|---|---|
North Rowan Elementary School 600 Charles Street, Spencer, NC 28159 | PK-5 | 0.9 mi |
North Rowan Middle School 512 Charles Street, Spencer, NC 28159 | 6-8 | 0.9 mi |
North Rowan High School 300 North Whitehead Avenue, Spencer, NC 28159 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 5th St #5
Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$128,900
-0.77%
MLS
12/29/2025
Price Reduced
$129,900
-3.71%
MLS
12/18/2025
Price Reduced
$134,900
-3.57%
MLS
12/11/2025
Price Reduced
$139,900
-5.41%
MLS
12/04/2025
Price Reduced
$147,900
-0.67%
MLS
11/24/2025
Price Reduced
$148,900
-0.67%
MLS
11/19/2025
Price Reduced
$149,900
-5.66%
MLS
11/14/2025
Price Reduced
$158,900
-0.63%
MLS
11/06/2025
Listed
$159,900
63.16%
MLS
3/23/2020
Sold
$98,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 509 5th St #5
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,924
—
$170,295
—
2023
$1,924
92%
$170,295
123%
2022
$1,000
—
$76,217
—
2021
$1,000
—
$76,217
—
2020
$1,000
—
$76,217
—
2019
$1,000
21%
$76,217
19%
2018
$828
—
$63,806
—
2017
$828
—
$63,806
—
2016
$828
—
$63,806
—
2015
$828
-5%
$63,806
-8%
2014
$870
2%
$69,117
—
2013
$851
—
$69,117
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 5th St #5
509 5th Street #5, Spencer, NC 28159 (MLS# 4318636) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 509 5th Street #5 is currently listed for $128,900 and was received on November 06, 2025. Want to learn more about 509 5th Street #5? Do you have questions about finding other Single Family real estate for sale in Spencer? You can browse all Spencer real estate or contact a Coldwell Banker agent to request more information.

