Two-Home Residential Income
For Sale
$400,000
1212 Thompson Street, Bridgeport, TX 76426
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 Market166
Property Features for 1212 Thompson Street
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multi-Family / Full Duplex
Amenities
Central Air
Central
Laminate
Kitchen Island
No
Composition
One
1
Slab
Public Records
2
Siding
Building Details
Year Built
2019
Buildings
2
Listing Agency:
C21 Fine Homes Judge Fite
Listed By:
Milagros Paredes · License #0572935
(469) 970-1237
Source:
Compass
Added: Mar 26
Changed: Aug 8
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
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
$17,898
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
4.47%
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%
$357,960
$358.0K
Cap Rate 7%
$255,686
$255.7K
Cap Rate 9%
$198,867
$198.9K
Market Conditions
NOI Build-Up for 2,376 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
$28.8K $12.12/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$25.6K $10.76/SF
− OpEx
−$7.7K −$3.23/SF
NOI
$17.9K $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%
$357,960
Cap Rate 7%
$255,686
Cap Rate 9%
$198,867
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
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 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
