Two-Unit Duplex with Private
For Sale
$170,000
Pending
54490 National Rd, Bridgeport, OH 43912
Separate lower-level entry and laundry hookups support the two-unit layout.
Property Size1,680 SF
Days on Market11
Property Features for 54490 National Rd
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
washer and dryer hook up
Building Details
Year Built
1900
Buildings
1
Listing Agency:
RE/MAX Broadwater
Listed By:
Ida Boone 304-242-2600, travisbroadwater@gmail.com
(740) 298-0190
Source:
Northeastohiolistings
Added: Sep 14
Changed: Sep 20
Last Checked: Sep 22 at 5:46PM
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 RE/MAX Broadwater
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,680 square feet and was built in 1900. The lower apartment has its own private entrance and washer and dryer hookups. The upper apartment includes two bedrooms along with its own washer and dryer hookups, providing distinct residential spaces within the property.
Located at 54490 National Rd in Bridgeport, the property offers access to the highway and is positioned for convenient travel within the area.
Located at 54490 National Rd in Bridgeport, the property offers access to the highway and is positioned for convenient travel within the area.
Key Highlights
- Two‑unit duplex with 1,680 square feet
- Built in 1900
- Lower apartment has a private entrance
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
$11,096
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
6.53%
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%
$221,920
$221.9K
Cap Rate 7%
$158,514
$158.5K
Cap Rate 9%
$123,289
$123.3K
Market Conditions
NOI Build-Up for 1,680 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
$17.1K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$15.9K $9.44/SF
− OpEx
−$4.8K −$2.83/SF
NOI
$11.1K $6.60/SF
Area
Belmont County, OH
Vacancy
7.50%
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%
$221,920
Cap Rate 7%
$158,514
Cap Rate 9%
$123,289
Alternative Uses
Best Use
Multifamily LT 5
$158.5K
$138.7K – $184.9K
NOI $11,096 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$142.9K
$125.0K – $166.7K
NOI $10,002 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$329.3K
$288.2K – $384.2K
NOI $23,053 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 43912, OH
6,060
Population
3,219
Households
1.9
Avg Household Size
47
Median Age
20%
College-Educated
95%
High-School Grad
17.9 sq mi
ZIP Area
339
Density / Sq Mi
$51,753
Median Household Income
$36,447
Median Earnings
$648
Median Rent
$115,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate lower-level entry and laundry hookups support the two-unit layout.
Where is this duplex located?
The property is located at 54490 National Rd Bridgeport, OH.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet; Built in 1900; Lower apartment has a private entrance
