Fourplex with Townhome-Style
12603 Telge Road 7I-L, Cypress, TX 77429
For Sale
$730,000
Four three-story residences offer attached garages, private driveways, and community amenities including a pool, playground, and dog park.
Property Size6,752 SF
Price / SF$108.12
Days on Market55
Property Features for 12603 Telge Road 7I-L
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
controlled-access gates
pool
zip line
playground
picnic area
dog park
refrigerator
vinyl plank flooring
washer/dryer connections
Carpet,Plank,Vinyl
Yes
2
3
Low-Emissivity Windows
Washer Hookup,Dryer Hookup
Builder
Programmable Thermostat
Other
One
Garage,Garage Door Opener
6752
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Arthur Confait · License #0600730
(832) 226-8671
Source:
Garygreene
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 4:16AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 2020-built fourplex at 12603 Telge Road features four urban-style, three-story townhome residences with three bedrooms and 2.5 baths each. Every unit includes an attached one-car garage, private driveway, refrigerator, vinyl plank flooring, spacious bedrooms, and washer and dryer connections. The property contains 6,752 square feet, with low-emissivity windows and programmable thermostats among the noted improvements.
Two residences are leased through 2027, while one unit is vacant. Controlled-access community amenities include a pool, zip line, playground, picnic area, and dog park. Professional on-site management oversees daily operations, and the HOA maintains the grounds and building exteriors. The property is near Hwy 290, Beltway 8, shopping, and dining in Cypress, Texas.
Two residences are leased through 2027, while one unit is vacant. Controlled-access community amenities include a pool, zip line, playground, picnic area, and dog park. Professional on-site management oversees daily operations, and the HOA maintains the grounds and building exteriors. The property is near Hwy 290, Beltway 8, shopping, and dining in Cypress, Texas.
Key Highlights
- Fourplex totaling 6,752 square feet, built in 2020
- Four three‑story townhome‑style units with 3 bedrooms and 2.5 baths each
- Two units leased through 2027; one unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,595
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,900
$1.0M
Cap Rate 7%
$737,071
$737.1K
Cap Rate 9%
$573,278
$573.3K
Market Conditions
NOI Build-Up for 6,752 SF
Gross rent
$81.0K $12.00/SF
− Vacancy
−$7.3K −$1.08/SF
EGI
$73.7K $10.92/SF
− OpEx
−$22.1K −$3.27/SF
NOI
$51.6K $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%
$1,031,900
Cap Rate 7%
$737,071
Cap Rate 9%
$573,278
Alternative Uses
Best Use
Multifamily LT 5
$737.1K
$644.9K – $859.9K
NOI $51,595 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$639.5K
$559.6K – $746.1K
NOI $44,766 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,055 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$342,300
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Harris County, TX
Properties on Market for Quadplexes in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-story residences offer attached garages, private driveways, and community amenities including a pool, playground, and dog park.
Where is this quadplex located?
The property is located at 12603 Telge Road 7I-L Cypress, TX.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Fourplex totaling 6,752 square feet, built in 2020; Four three‑story townhome‑style units with 3 bedrooms and 2.5 baths each; Two units leased through 2027; one unit is vacant
