4-Unit Townhome
New
For Sale
$729,000
12603 Telge Road #14A-D, Cypress, TX 77429
Each residence has three bedrooms, two-and-a-half bathrooms, a private garage, and a covered patio.
Property Size6,780 SF
Price / SF$107.52
Days on Market5
Property Features for 12603 Telge Road #14A-D
General Information
Standard status
Active
Size
6,780 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
swimming pool
playground
zipline
dog park
scenic walking trails
gourmet kitchen
smart home technology
covered patio
private garage
Building Details
Year Built
2020
Buildings
1
Listing Agency:
RE/MAX Prestige
Listed By:
Jonathan Metcalf · License #METCALFJ
(281) 640-8900
Source:
Thehomebranch
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 5:12PM
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 Prestige
Investment Insights
Based on property information with market context.
This Cypress fourplex contains four townhome residences, each with three bedrooms and two-and-a-half bathrooms. Individual features include a gourmet kitchen, smart home technology, a covered patio, and a private garage. The property was built in 2020, and an onsite property management office serves the community.
Community amenities include a swimming pool, playground, zipline, dog park, and walking trails. Employment centers, schools, shopping, and highway connections are within approximately five miles. HOA coverage includes master insurance, exterior maintenance, capital reserves, water, sewer, trash service, amenity upkeep, and grounds maintenance. The property has no MUD taxes.
Community amenities include a swimming pool, playground, zipline, dog park, and walking trails. Employment centers, schools, shopping, and highway connections are within approximately five miles. HOA coverage includes master insurance, exterior maintenance, capital reserves, water, sewer, trash service, amenity upkeep, and grounds maintenance. The property has no MUD taxes.
Key Highlights
- Four townhome units, each with 3 bedrooms and 2.5 bathrooms
- Built in 2020
- Each residence has a private garage and covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,809
Cap Rate
7.11%
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 7.11%
Second Best
Apartment 5plus
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,590 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has three bedrooms, two-and-a-half bathrooms, a private garage, and a covered patio.
Where is this quadplex located?
The property is located at 12603 Telge Road #14A-D Cypress, TX.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Four townhome units, each with 3 bedrooms and 2.5 bathrooms; Built in 2020; Each residence has a private garage and covered patio
