Brick Duplex with Two-Bedroom
For Sale
$280,000
4126 Bridge Court #A & B, Winterville, NC 28590
Both residences offer two baths and established tenancy under leases extending into 2027.
Property Size2,177 SF
Days on Market40
Property Features for 4126 Bridge Court #A & B
General Information
Standard status
Active
Size
2,177 SF
Property subtype
Multi Family Home
Zoning
R6
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Building Size
2,177 SF
Year Built
1993
Buildings
1
Stories
1
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
Century 21 The Realty Group
(252) 531-1872
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Source:
Thomasrealtysold
Added: Jul 7
Changed: Aug 14
Last Checked: Aug 15 at 1:15PM
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 Century 21 The Realty Group
Investment Insights
Based on property information with market context.
This brick duplex at 4126 Bridge Court #A & B contains two spacious residences, each arranged with two bedrooms and two bathrooms. Built in 1993, the property is classified R6 and is offered with tenant rights protected.
The existing leases extend through April 30, 2027, for side A and June 30, 2027, for side B. Appointments require 24 hours' notice. The stove and dishwasher in side A belong to the tenant; the owner's stove and dishwasher are also present and will convey with the property.
The existing leases extend through April 30, 2027, for side A and June 30, 2027, for side B. Appointments require 24 hours' notice. The stove and dishwasher in side A belong to the tenant; the owner's stove and dishwasher are also present and will convey with the property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 baths on each side
- Brick building constructed in 1993
- Leased through 4/30/27 on side A and 6/30/27 on side B
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
$14,533
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
5.19%
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%
$290,660
$290.7K
Cap Rate 7%
$207,614
$207.6K
Cap Rate 9%
$161,478
$161.5K
Market Conditions
NOI Build-Up for 2,177 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
$22.2K $10.20/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$20.8K $9.54/SF
− OpEx
−$6.2K −$2.86/SF
NOI
$14.5K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /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%
$290,660
Cap Rate 7%
$207,614
Cap Rate 9%
$161,478
Alternative Uses
Best Use
Multifamily LT 5
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,535 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 28590, NC
28,326
Population
11,793
Households
2.4
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
41.2 sq mi
ZIP Area
688
Density / Sq Mi
$83,318
Median Household Income
$48,116
Median Earnings
$1,076
Median Rent
$243,400
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 - Both residences offer two baths and established tenancy under leases extending into 2027.
Where is this duplex located?
The property is located at 4126 Bridge Court #A & B Winterville, NC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 baths on each side; Brick building constructed in 1993; Leased through 4/30/27 on side A and 6/30/27 on side B
