Fourplex with Townhome-Style
New
For Sale
$749,900
12603 Telge Road 1e-h, Cypress, TX 77429
Four three-story residences offer attached garages, private driveways, and community amenities including a pool, playground, and dog park.
Property Size6,780 SF
Price / SF$110.60
Days on Market4
Property Features for 12603 Telge Road 1e-h
General Information
Standard status
Active
Size
6,780 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
controlled-access gates
pool
zip line
playground
picnic area
dog park
refrigerator
vinyl plank flooring
washer/dryer connections
Building Details
Year Built
2019
Construction
urban-style
Listing Agency:
eXp Realty LLC
Listed By:
Jill Smith, Nikki Villarreal
Source:
Vincesoldit
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 5:49AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.91%
Second Best
Apartment 5plus
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,590 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 1e-h Cypress, TX.
What is the asking price?
The asking price for this property is $749,900.
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
