Two-Unit Townhome
12603 Telge Road #28E-F, Cypress, TX 77429
For Sale
$409,000
Both residences include private garages, covered patios, and access to shared community amenities.
Property Size3,390 SF
Price / SF$120.65
Days on Market33
Property Features for 12603 Telge Road #28E-F
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
playground
zipline
dog park
walking trails
picnic area
lawn care
garbage service
smart home technology
covered patio
private garage
Private Entrance
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
RE/MAX Prestige
(281) 640-8900
Listed By:
Jonathan Metcalf · License TX #455452
(281) 705-5633
Source:
Reveillerealty
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 10 at 12:11AM
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
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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 comprises two townhomes totaling 3,390 square feet. Each residence has three bedrooms, two-and-a-half bathrooms, a kitchen, smart home technology, a covered patio, and a private garage. The property is located in Cypress, within a townhome community with a swimming pool, playground, dog park, zipline, picnic area, and walking trails. An on-site property management office is also part of the community.
The HOA covers the master insurance policy, exterior maintenance, long-term capital reserves, water, sewer, trash, pool and playground upkeep, and grounds care. The property is described as having no MUD taxes. Employment centers, schools, shopping, and highways are approximately five miles away.
The HOA covers the master insurance policy, exterior maintenance, long-term capital reserves, water, sewer, trash, pool and playground upkeep, and grounds care. The property is described as having no MUD taxes. Employment centers, schools, shopping, and highways are approximately five miles away.
Key Highlights
- Two townhomes totaling 3,390 square feet; built in 2020
- Each residence has 3 bedrooms and 2.5 bathrooms
- Private garage and covered patio at each townhome
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,905
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,100
$518.1K
Cap Rate 7%
$370,071
$370.1K
Cap Rate 9%
$287,833
$287.8K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$40.7K $12.00/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$37.0K $10.92/SF
− OpEx
−$11.1K −$3.27/SF
NOI
$25.9K $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%
$518,100
Cap Rate 7%
$370,071
Cap Rate 9%
$287,833
Alternative Uses
Best Use
Multifamily LT 5
$370.1K
$323.8K – $431.8K
NOI $25,905 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$321.1K
$281.0K – $374.6K
NOI $22,476 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$925.6K
$809.9K – $1.08M
NOI $64,795 @ 7.0% cap · market cap 15.84%
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
$342,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Harris County, TX
Properties on Market for Duplexes in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private garages, covered patios, and access to shared community amenities.
Where is this duplex located?
The property is located at 12603 Telge Road #28E-F Cypress, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Two townhomes totaling 3,390 square feet; built in 2020; Each residence has 3 bedrooms and 2.5 bathrooms; Private garage and covered patio at each townhome
