4-Unit Townhome-Style
For Sale
$829,900
12603 Telge Road # H Unit 31 E-H, Cypress, TX 77429
Three-level residences combine private garages and driveways with shared community amenities and on-site property management.
Property Size6,780 SF
Price / SF$122.40
Days on Market258
Property Features for 12603 Telge Road # H Unit 31 E-H
General Information
Standard status
Active
Size
6,780 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,726
Amenities
controlled access gates
Swimming pool
Zip line
Play-ground
Picnic area
Dog park
Building Details
Building Size
6,780 SF
Year Built
2020
Buildings
1
Stories
3
Listing Agency:
Cornerstone Realty Plus,PLLC
Listed By:
Gilbert Tovar
(832) 856-9940
Source:
Jakemooregroup
Added: Feb 14
Changed: Oct 27
Last Checked: Oct 26 at 8:53PM
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 Cornerstone Realty Plus,PLLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,780-square-foot quadplex in Cypress contains four three-story townhome residences, each with three bedrooms, 2.5 bathrooms, an attached one-car garage and a private driveway. Interiors include vinyl plank flooring, refrigerators, other appliances and washer-dryer connections. The property was built in 2020.
Shared community features include controlled-access gates, a swimming pool, zip line, playground, picnic area and dog park. On-site property management oversees day-to-day operations, while the HOA maintains the grounds and building exteriors.
The property is on Telge Road, minutes from U.S. 290 and Beltway 8, with area retail and restaurants nearby.
Shared community features include controlled-access gates, a swimming pool, zip line, playground, picnic area and dog park. On-site property management oversees day-to-day operations, while the HOA maintains the grounds and building exteriors.
The property is on Telge Road, minutes from U.S. 290 and Beltway 8, with area retail and restaurants nearby.
Key Highlights
- Four residences, each with three bedrooms and 2.5 bathrooms
- 6,780‑square‑foot property built in 2020
- Three‑story townhome layouts with attached one‑car garages and private driveways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,809
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,180
$1.0M
Cap Rate 7%
$740,129
$740.1K
Cap Rate 9%
$575,656
$575.7K
Market Conditions
NOI Build-Up for 6,780 SF
Gross rent
$81.4K $12.00/SF
− Vacancy
−$7.3K −$1.08/SF
EGI
$74.0K $10.92/SF
− OpEx
−$22.2K −$3.27/SF
NOI
$51.8K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,180
Cap Rate 7%
$740,129
Cap Rate 9%
$575,656
Alternative Uses
Best Use
Multifamily LT 5
$740.1K
$647.6K – $863.5K
NOI $51,809 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,590 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three-level residences combine private garages and driveways with shared community amenities and on-site property management.
Where is this quadplex located?
The property is located at 12603 Telge Road # H Unit 31 E-H Cypress, TX.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Four residences, each with three bedrooms and 2.5 bathrooms; 6,780‑square‑foot property built in 2020; Three‑story townhome layouts with attached one‑car garages and private driveways
