Four-Unit Townhome
For Sale
$795,000
12603 Telge Road 8e-h, Cypress, TX 77429
Each residence includes three bedrooms, two-and-a-half bathrooms, a private garage, and a covered patio.
Property Size6,780 SF
Price / SF$117.26
Days on Market11
Property Features for 12603 Telge Road 8e-h
General Information
Standard status
Active
Size
6,780 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,271
Amenities
swimming pool
playground
zipline
dog park
scenic walking trails
covered patio
private garage
gourmet kitchen
smart home technology
onsite property management office
Vinyl,Carpet
true
2
3
Washer Hookup,Dryer Hookup
Appraiser
Laminate Counters
Other
2940
Two
Garage,Garage Door Opener
Private Entrance
6780
Building Details
Building Size
6,780 SF
Year Built
2020
Stories
3
Listing Agency:
RE/MAX Prestige
(832) 262-9488
Listed By:
Ken & Mayte Hayes
Source:
Klmrealtygroup
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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.
Built in 2020, this 6,780-square-foot quadplex comprises four townhomes. Each residence has three bedrooms, two-and-a-half bathrooms, a kitchen, smart home technology, a covered patio, and a private garage. The property also has an onsite management office.
The community includes a swimming pool, playground, zipline, dog park, and walking trails. Employment centers, schools, shopping, and highway connections 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 maintenance. The property has no MUD taxes.
The community includes a swimming pool, playground, zipline, dog park, and walking trails. Employment centers, schools, shopping, and highway connections 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 maintenance. The property has no MUD taxes.
Key Highlights
- Four townhomes totaling 6,780 square feet
- Built in 2020
- Each home has 3 bedrooms, 2.5 bathrooms, a covered patio, and a private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,809
Cap Rate
6.52%
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 6.52%
Second Best
Apartment 5plus
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,590 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
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?
Quadplex - Each residence includes 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 8e-h Cypress, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four townhomes totaling 6,780 square feet; Built in 2020; Each home has 3 bedrooms, 2.5 bathrooms, a covered patio, and a private garage
