Duplex with Townhome
For Sale
$407,500
12603 Telge Road #11 E-F, Cypress, TX 77429
Both residences include three bedrooms, two-and-a-half baths, and an attached garage.
Property Size3,570 SF
Price / SF$114.15
Days on Market15
Property Features for 12603 Telge Road #11 E-F
General Information
Standard status
Active
Size
3,570 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Lease Term
1 Year
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Amenities
Dog Park
Lawn Care
Park
Picnic Area
Playground
Pool
Building Details
Building Size
3,570 SF
Year Built
2020
Buildings
1
Stories
3
Units
2
Listed By:
Sarai Rumph · License #0649453
(832) 808-9395
Source:
Rumphrealty
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 29 at 9:59PM
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 Sarai Rumph
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2020 duplex in Cypress contains two residences, each arranged across three stories with three bedrooms and two-and-a-half baths. Interior features include vinyl flooring, refrigerator, washer and dryer connections, and large bedroom areas. Each unit also has an attached one-car garage and a private driveway.
Community amenities include a pool, playground, picnic area, and dog park. The property is minutes from 99 Grand Parkway and 290, with retail and restaurants nearby. Professional management oversees daily operations, while the HOA maintains the grounds and building exteriors.
Community amenities include a pool, playground, picnic area, and dog park. The property is minutes from 99 Grand Parkway and 290, with retail and restaurants nearby. Professional management oversees daily operations, while the HOA maintains the grounds and building exteriors.
Key Highlights
- Two units, each with a 3‑story townhome floorplan
- Each residence has 3 bedrooms and 2.5 baths
- Attached 1‑car garage and private driveway for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,280
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,600
$545.6K
Cap Rate 7%
$389,714
$389.7K
Cap Rate 9%
$303,111
$303.1K
Market Conditions
NOI Build-Up for 3,570 SF
Gross rent
$42.8K $12.00/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$39.0K $10.92/SF
− OpEx
−$11.7K −$3.27/SF
NOI
$27.3K $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%
$545,600
Cap Rate 7%
$389,714
Cap Rate 9%
$303,111
Alternative Uses
Best Use
Multifamily LT 5
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$338.1K
$295.9K – $394.5K
NOI $23,669 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$974.8K
$853.0K – $1.14M
NOI $68,236 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
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?
Duplex - Both residences include three bedrooms, two-and-a-half baths, and an attached garage.
Where is this duplex located?
The property is located at 12603 Telge Road #11 E-F Cypress, TX.
What is the asking price?
The asking price for this property is $407,500.
What are key features of this property?
This property features: Two units, each with a 3‑story townhome floorplan; Each residence has 3 bedrooms and 2.5 baths; Attached 1‑car garage and private driveway for each unit
