Freestanding Duplex with Separate
For Sale
$445,000
116 FOURTH, Bridgeport, PA 19405
Two residential units each have independent heating, hot water, and electrical service.
Property Size1,800 SF
Price / SF$247.22
Days on Market8
Property Features for 116 FOURTH
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Realty One Group Restore - Collegeville
(610) 804-3218
Listed By:
Paul J Roberto · License #AB-047424-L
(610) 804-3218
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:50AM
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 Realty One Group Restore - Collegeville
Investment Insights
Based on property information with market context.
This freestanding duplex contains approximately 1,800 square feet and was built in 1900. The first-floor residence includes a rear covered patio entry, mud room, sitting area, kitchen with wood cabinetry, gas cooking and ceramic tile flooring, living room, full bathroom, and bedroom. A front porch provides an additional entry point. The upper residence features a covered front porch, open living room, full bathroom, and bedrooms, along with stairs leading to a finished third-floor storage room that is not heated.
The basement houses the property’s utilities and is accessed through the first-floor unit. Each residence has its own gas heating system, gas hot water heater, and electrical panel. The property has remained with the same owner for 52 years and is located at 116 Fourth in Bridgeport Borough, Pennsylvania.
The basement houses the property’s utilities and is accessed through the first-floor unit. Each residence has its own gas heating system, gas hot water heater, and electrical panel. The property has remained with the same owner for 52 years and is located at 116 Fourth in Bridgeport Borough, Pennsylvania.
Key Highlights
- Freestanding duplex with approximately 1,800 square feet
- Built in 1900 with 52 years of ownership by the same owner
- Separate gas heaters, gas hot water heaters, and electric panels for each 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
$26,154
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
5.88%
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%
$523,080
$523.1K
Cap Rate 7%
$373,629
$373.6K
Cap Rate 9%
$290,600
$290.6K
Market Conditions
NOI Build-Up for 1,800 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
$40.0K $22.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$37.4K $20.76/SF
− OpEx
−$11.2K −$6.23/SF
NOI
$26.2K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$523,080
Cap Rate 7%
$373,629
Cap Rate 9%
$290,600
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,154 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$347.4K
$304.0K – $405.3K
NOI $24,319 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$1.04M
$906.0K – $1.21M
NOI $72,477 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 19405, PA
5,558
Population
2,318
Households
2.4
Avg Household Size
36
Median Age
42%
College-Educated
94%
High-School Grad
1.0 sq mi
ZIP Area
5,558
Density / Sq Mi
$78,777
Median Household Income
$52,604
Median Earnings
$1,483
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each have independent heating, hot water, and electrical service.
Where is this duplex located?
The property is located at 116 FOURTH Bridgeport, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Freestanding duplex with approximately 1,800 square feet; Built in 1900 with 52 years of ownership by the same owner; Separate gas heaters, gas hot water heaters, and electric panels for each unit
