16
Map
$450,000
●
Land -
For Sale
19 & 21 W Waddell Drive
Smithfield, NC 27577
Studio
0 Bath
$2,210
Est. Monthly
About This Property
Exceptional development opportunity in the heart of Smithfield!
This approved 17-unit townhome development has already completed
significant upfront planning and entitlement work, positioning the
project for a streamlined move toward development and construction.
With engineered plans and key approvals in place, builders and
developers can step into an established project rather than
starting from raw land. Located just minutes from Downtown
Smithfield's shops, restaurants, dining, and community amenities,
the site is well positioned for a modern, low-maintenance townhome
community that takes advantage of both downtown convenience and the
continued growth of Johnston County. An excellent opportunity to
acquire an advanced residential development project with much of
the upfront groundwork already completed.
Unit Size
-
Days on Market
86 days
Land Size
1.88 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1940
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (TMLS #10185526)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Listed by eXp Realty, LLC - C | $450,000 | |
| Listed by eXp Realty, LLC - C | |||
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Dec 28, 2023 | Listed by Harris Realty & Land, LLC | $225,000 | |
| Listed by Harris Realty & Land, LLC | |||
| | |||
|
Great Investment Package Opportunity in Smithfield! 19 Waddell features a 1,247 Sq Ft Home with 2 Bedrooms, 1 Bath sitting on 1.43 acres with TONS of possibilities. Additional 569 square feet upstairs. Possibility of Subdividing Lot to Build Another Home. 21 Waddell features a .48 Vacant Lot. Perfect Opportunity to Build Your Investment Portfolio or Flip!
| |||
Property Highlights
Exterior Details
Lot Size Area: 1.88
Lot Size Units: Acres
Lot Size Acres: 1.88
Lot Size Square Feet: 81892.8
Lot Size Dimensions: See Plat Map
Water Source: Public, None
Financial Details
Tax Assessed Value: $214,740
Utilities Details
Sewer : Public Sewer, None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Waddel Heights
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: April Stephens, eXp Realty, LLC - C
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10185526
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10185526
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