3 Bedroom House For Sale By Owner in Kinston, NC

Property Description

Investor Special in Kinston, NC! This classic two-story farmhouse at 510 Thompson St is an exceptional value add opportunity priced at $100,000 and located just minutes from Downtown Kinston.
With approximately 85% of renovations completed between 2024 and 2025, the home already offers major updates while leaving room for an investor or renovator to add finishing touches and maximize equity.
The property currently features 3 bedrooms and 1 bathroom, but with the planned addition of 2 more bedrooms and 1 bathroom, it can easily become a spacious 5-bedroom, 2-bathroom home significantly increasing both rental and resale value.
Inside, the home showcases numerous upgrades, including new LVP flooring throughout most rooms, fresh white interior paint, and modernized bathrooms one with a full tub/shower and another with a walk-in shower.
The fully updated kitchen is a standout feature, offering white cabinetry, a large farmhouse-style sink area, brand-new stainless steel appliances, and a new countertop.
The layout retains its farmhouse charm with a long entryway hallway, original staircase, and classic two-story structure that provides the perfect foundation for a stylish and cozy final design.
Exterior improvements include newly replaced vinyl siding (2024) and a two-part metal roof with one section recently updated.
The large private yard, shaded by mature trees, offers abundant outdoor potential for landscaping, entertaining, or future additions.
This property is ideal for investors seeking strong returns, with average rents in Kinston currently around $1,700 per month and even higher for a fully finished 5 bed, 2 bath home.
The location is another major advantage, offering quick access to Downtown Kinston’s award-winning restaurants such as Chef & the Farmer, local breweries, the Kinston Music Park, the Kinston Arts & Cultural District, and the Neuse Riverwalk.
Commuters will appreciate the proximity to US-70 HWY (Future I-42), providing convenient routes to Goldsboro, New Bern, and the Crystal Coast.
With its strong investment potential, upgraded features, and prime location, this FSBO farmhouse is the rare Kinston opportunity you’ve been waiting for bring your contractor and your vision to make it truly shine.

Details & Amenities

Property Address

510 Thompson St, Kinston, NC 28501, USA, City - Lenoir County