Four-Unit Townhome
New
For Sale
$729,000
12603 Telge Rd 14A-D, Cypress, TX 77429
Four three-bedroom residences sit within a managed community with shared recreation amenities and exterior maintenance.
Property Size6,780 SF
Days on Market3
Property Features for 12603 Telge Rd 14A-D
General Information
Standard status
Active
Size
6,780 SF
Property subtype
Investment
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,487
Amenities
swimming pool
playground
zipline
dog park
scenic walking trails
onsite property management office
Building Details
Building Size
6,780 SF
Year Built
2020
Stories
3
Units
1
Listing Agency:
RE/MAX Prestige
Listed By:
Jonathan Metcalf
(281) 705-5633
Source:
Elliman
Added: Oct 11
Last Checked: Oct 12 at 6:55PM
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.
Built in 2020, this fourplex consists of four townhomes, each with three bedrooms, two-and-a-half bathrooms, a kitchen, smart home technology, a covered patio, and a private garage. An onsite property management office serves the community.
Residents have access to a swimming pool, playground, zipline, dog park, and walking trails. The HOA covers the master insurance policy, exterior building maintenance, long-term capital reserves, water, sewer, trash service, pool and playground maintenance, and grounds upkeep. The property is in Cypress, within approximately five miles of employment centers, schools, shopping, and highway access.
Residents have access to a swimming pool, playground, zipline, dog park, and walking trails. The HOA covers the master insurance policy, exterior building maintenance, long-term capital reserves, water, sewer, trash service, pool and playground maintenance, and grounds upkeep. The property is in Cypress, within approximately five miles of employment centers, schools, shopping, and highway access.
Key Highlights
- Four townhome units, each with 3 bedrooms and 2.5 bathrooms
- Built in 2020; each residence has a covered patio and private garage
- Community amenities include a pool, playground, zipline, dog park, and walking trails
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences sit within a managed community with shared recreation amenities and exterior maintenance.
Where is this quadplex located?
The property is located at 12603 Telge Rd 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 covered patio and private garage; Community amenities include a pool, playground, zipline, dog park, and walking trails
