Freestanding Duplex with Separate
116 FOURTH, Bridgeport, PA 19405
For Sale
$445,000
Two residential units each have independent heating, hot water, and electrical service.
Property Size1,800 SF
Price / SF$247.22
Days on Market98
Property Features for 116 FOURTH
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Realty One Group Restore - Collegeville
(484) 902-8880
Listed By:
Paul J Roberto · License PA AB-047424-L
(610) 804-3218
Source:
Cummingsrealtors
Added: Aug 7
Changed: Nov 10
Last Checked: Nov 12 at 7:54AM
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
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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 / Yr
$26,154
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
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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
$314,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Montgomery County, PA
Properties on Market for Duplexes in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
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
