Two-Unit Townhome
For Sale
$409,000
12603 Telge Road #3A-B, Cypress, TX 77429
Both homes include private garages, covered patios, and smart home features within a community with shared recreation amenities.
Property Size3,390 SF
Price / SF$120.65
Days on Market15
Property Features for 12603 Telge Road #3A-B
General Information
Standard status
Active
Size
3,390 SF
Property subtype
Multi Family Home
Lease Term
1 Year, Month To Month
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,487
Amenities
Dog Park
Garbage Service
Lawn Care
Picnic Area
Playground
Pool
Private Entrance
Building Details
Building Size
3,390 SF
Year Built
2020
Stories
3
Units
1
Listing Agency:
RE/MAX Prestige
(281) 640-8900
Listed By:
Jonathan Metcalf
(281) 705-5633
Source:
Brighthouse-realty
Added: Oct 9
Changed: Oct 22
Last Checked: Oct 22 at 2:23PM
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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Investment Insights
Based on property information with market context.
Built in 2020, this duplex comprises two townhomes, each with 3 bedrooms and 2.5 bathrooms. Both homes feature a kitchen, smart home technology, a covered patio, and a private garage. The combined property measures 3,390 square feet.
The Cypress property is within approximately five miles of employment centers, schools, shopping, and highway connections. Community amenities include a swimming pool, playground, zipline, dog park, picnic area, and walking trails. An onsite property management office serves the community.
The HOA covers master insurance, exterior building maintenance, long-term capital reserves, water, sewer, trash service, pool and playground maintenance, and grounds upkeep. Lawn care is also listed among the community services.
The Cypress property is within approximately five miles of employment centers, schools, shopping, and highway connections. Community amenities include a swimming pool, playground, zipline, dog park, picnic area, and walking trails. An onsite property management office serves the community.
The HOA covers master insurance, exterior building maintenance, long-term capital reserves, water, sewer, trash service, pool and playground maintenance, and grounds upkeep. Lawn care is also listed among the community services.
Key Highlights
- Two townhomes, each with 3 bedrooms and 2.5 bathrooms
- 3,390‑square‑foot duplex built in 2020
- Private garage and covered patio at each home
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
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 homes include private garages, covered patios, and smart home features within a community with shared recreation amenities.
Where is this duplex located?
The property is located at 12603 Telge Road #3A-B 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, each with 3 bedrooms and 2.5 bathrooms; 3,390‑square‑foot duplex built in 2020; Private garage and covered patio at each home
