Brick Duplex with Two-Bedroom
For Sale
$280,000
Pending
4126 Bridge Court, Winterville, NC 28590
Residential Income, Winterville, NC
Property Size2,177 SF
Lot Size0.23 Acres
Days on Market55
Property Features for 4126 Bridge Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3
Patio and Porch features
Patio
Interior features
Master Downstairs, Ceiling Fan(s), Walk-in Shower
Exterior features
Thermal Doors
Fireplace
1
Subdivision
Whitebridge
Elementary school
Wintergreen Primary School
Middle school
Hope Middle School
High school
D.H. Conley High School
High school district
Pitt County Schools
Directions
Firetower to White Bridge to Bridge ct.
Standard status
Pending
APN
052574
Size
2,177 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2027
Tax Description
52574
Tax Annual Amount
2493
Legal Description
52574
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1993
Floors in Building
1
Number of units
2
Building materials
Brick, Wood Frame
Roof type
Shingle
Listing Agency:
Century 21 The Realty Group
(252) 355-7800
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Added: Jul 7
Changed: Aug 26
Last Checked: Aug 30 at 3:06PM
MLS# 100587046
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1993, this brick duplex contains 2,177 square feet on a 0.23-acre lot. Each side provides two bedrooms and two bathrooms, with spacious layouts, central air, electric heat pumps, ceiling fans, and walk-in showers. The property also includes a patio, shingle roofing, thermal doors, and a fireplace.
Located in Winterville, the two residences are leased through 2027, with side A occupied through 4/30/27 and side B through 6/30/27. Tenant rights are protected, and appointments require 24-hour notice. The owner’s stove and dishwasher convey with the property; tenant-owned appliances in side A remain separate.
Located in Winterville, the two residences are leased through 2027, with side A occupied through 4/30/27 and side B through 6/30/27. Tenant rights are protected, and appointments require 24-hour notice. The owner’s stove and dishwasher convey with the property; tenant-owned appliances in side A remain separate.
Key Highlights
- Duplex with 2 bedrooms and 2 bathrooms on each side
- 2,177 square feet on a 0.23‑acre lot
- Brick construction completed in 1993
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
193
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 - The duplex combines two-bedroom, two-bath layouts with central air and brick construction.
Where is this duplex located?
The property is located at 4126 Bridge Court 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: Duplex with 2 bedrooms and 2 bathrooms on each side; 2,177 square feet on a 0.23‑acre lot; Brick construction completed in 1993
