Four-Unit Duplex
For Sale
$665,000
1101 Cates St, Bridgeport, TX 76426
Two Bridgeport buildings offer refreshed systems and rental layouts near shopping, restaurants, the city park, and central town amenities.
Property Size4,044 SF
Price / SF$164.44
Days on Market194
Property Features for 1101 Cates St
General Information
Standard status
Active
Size
4,044 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Buildings
2
Listing Agency:
Parker Properties Real Estate
Listed By:
Jared Lucier 9403939100,9403939100 · License #0697805
(940) 627-9040
Source:
Findtexashomesforsale
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 12 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Properties Real Estate
Investment Insights
Based on property information with market context.
This Bridgeport property includes two duplex buildings totaling 4,044 square feet, with four rental units overall. Each building contains one three-bedroom, one-bath unit and one two-bedroom, one-bath unit. Constructed in 2003, the buildings have newer roofs, air conditioning systems, and windows, along with spray foam insulation in the attics. The duplexes are being offered together rather than separately.
The properties are located at 1101 Cates St and 1206 11th Street, close to Bridgeport’s main commercial strip. Shopping and restaurants are within walking distance, while the city park is nearby. The central in-town setting also provides access to 101, 114, and 380 for travel in multiple directions.
The properties are located at 1101 Cates St and 1206 11th Street, close to Bridgeport’s main commercial strip. Shopping and restaurants are within walking distance, while the city park is nearby. The central in-town setting also provides access to 101, 114, and 380 for travel in multiple directions.
Key Highlights
- Two duplex buildings offered together at 1101 Cates St and 1206 11th Street
- 4,044‑square‑foot property with four rental units
- Each duplex includes one 3‑bed/1‑bath unit and one 2‑bed/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,463
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,260
$609.3K
Cap Rate 7%
$435,186
$435.2K
Cap Rate 9%
$338,478
$338.5K
Market Conditions
NOI Build-Up for 4,044 SF
Gross rent
$49.0K $12.12/SF
− Vacancy
−$5.5K −$1.36/SF
EGI
$43.5K $10.76/SF
− OpEx
−$13.1K −$3.23/SF
NOI
$30.5K $7.53/SF
Area
Wise County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,260
Cap Rate 7%
$435,186
Cap Rate 9%
$338,478
Alternative Uses
Best Use
Multifamily LT 5
$435.2K
$380.8K – $507.7K
NOI $30,463 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$378.3K
$331.1K – $441.4K
NOI $26,484 @ 7.0% cap · market cap 3.98%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.55M
NOI $213,220 @ 7.0% cap · market cap 32.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two Bridgeport buildings offer refreshed systems and rental layouts near shopping, restaurants, the city park, and central town amenities.
Where is this duplex located?
The property is located at 1101 Cates St Bridgeport, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two duplex buildings offered together at 1101 Cates St and 1206 11th Street; 4,044‑square‑foot property with four rental units; Each duplex includes one 3‑bed/1‑bath unit and one 2‑bed/1‑bath unit
