Two-Home Residential Income
1212 Thompson Street Bridgeport, TX 76426
For Sale
$400,000
Two separate residences on one lot, each with a private entrance, kitchen, living area, and three bedrooms.
Property Size2,376 SF
Price / SF$168.35
Days on Market121
Property Features for 1212 Thompson Street
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2019
Listing Agency:
C21 Fine Homes Judge Fite
(469) 970-1237
Listed By:
Milagros Paredes · License #0572935
(469) 970-1237
Source:
Compass
Added: Mar 26
Changed: Jul 21
Last Checked: Jul 21 at 9:35PM
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 C21 Fine Homes Judge Fite
Investment Insights
Based on property information with market context.
This two-home property offers two separate residences on a single lot, each featuring its own kitchen, living area, three bedrooms, and one bathroom, along with a private entrance. Both homes have renovations that are almost complete. Each residence also includes access to its own outdoor space, supporting flexible use for extended family living, rental income, or a private guest retreat.
The property is located in Bridgeport and is described as within walking distance of activity near Halsell St. in Downtown Bridgeport.
As a duplex-style setup with independent entrances and separate interiors, the configuration is designed to support separate occupancy while keeping the homes on one parcel.
The property is located in Bridgeport and is described as within walking distance of activity near Halsell St. in Downtown Bridgeport.
As a duplex-style setup with independent entrances and separate interiors, the configuration is designed to support separate occupancy while keeping the homes on one parcel.
Key Highlights
- Two separate residences on one lot, each with a private entrance, kitchen, living area, and 3 bedrooms/1 bathroom
- Renovations are almost complete on both homes
- Built in 2019 with one‑story slab foundation
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $12.12 |
| − Vacancy | −$3.2k | −$1.36 |
| EGI | $25.6k | $10.76 |
| − OpEx | −$7.7k | −$3.23 |
| NOI | $17.9k | $7.53 |
2,376 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,898 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.3K
NOI $15,560 @ 7.0% cap · market cap 3.89%
Theoretical Best
Hotel Hospitality
$1.79M
$1.57M – $2.09M
NOI $125,275 @ 7.0% cap · market cap 31.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pro Foundation
Charitable Organization
FAQs
What type of property is this?
Duplex - Two separate residences on one lot, each with a private entrance, kitchen, living area, and three bedrooms.
Where is this duplex located?
The property is located at 1212 Thompson Street Bridgeport, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two separate residences on one lot, each with a private entrance, kitchen, living area, and 3 bedrooms/1 bathroom; Renovations are almost complete on both homes; Built in 2019 with one‑story slab foundation
