Brick Duplex with Two-Bedroom
For Sale
$280,000
4126 Bridge Ct Unit A & B, Winterville, NC 28590
Brick duplex offering two spacious residential units with matching layouts and existing leases.
Property Size2,177 SF
Price / SF$128.62
Days on Market45
Property Features for 4126 Bridge Ct Unit A & B
General Information
Standard status
Active
Size
2,177 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1993
Buildings
1
Construction
brick
Listing Agency:
Century 21 The Realty Group
(252) 531-1872
Listed By:
Tahaia (Kunny) Brothers · License #212607
Source:
Searchgreateraugustahomes
Added: Jul 2
Changed: Aug 14
Last Checked: Aug 15 at 8:07AM
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.
Built in 1993, this 2,177-square-foot brick duplex contains two residential sides, each arranged with two bedrooms and two bathrooms. The units are described as spacious and provide matching two-bedroom, two-bathroom layouts.
Both sides are leased, with one lease extending through 4/30/27 and the other through 6/30/27. The owner’s stove and dishwasher convey with the property; tenant-owned appliances in side A are excluded. Showings require 24 hours’ notice.
Both sides are leased, with one lease extending through 4/30/27 and the other through 6/30/27. The owner’s stove and dishwasher convey with the property; tenant-owned appliances in side A are excluded. Showings require 24 hours’ notice.
Key Highlights
- 2,177‑square‑foot duplex built in 1993
- Two units, each with 2 bedrooms and 2 bathrooms
- Brick construction with spacious layouts
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
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 - Brick duplex offering two spacious residential units with matching layouts and existing leases.
Where is this duplex located?
The property is located at 4126 Bridge Ct Unit 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: 2,177‑square‑foot duplex built in 1993; Two units, each with 2 bedrooms and 2 bathrooms; Brick construction with spacious layouts
