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 Market109
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
(940) 627-9040
Listed By:
Jared Lucier 9403939100,9403939100 · License #0697805
Source:
Findtexashomesforsale
Added: May 13
Changed: Aug 28
Last Checked: Aug 28 at 4:32PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
