Two-Unit Townhome-Style
For Sale
$407,500
12603 Telge Road #32 E-F, Cypress, TX 77429
Each residence includes a private driveway, attached garage, and access to shared recreational amenities.
Property Size3,570 SF
Price / SF$114.15
Days on Market13
Property Features for 12603 Telge Road #32 E-F
General Information
Standard status
Active
Size
3,570 SF
Property subtype
Multi Family Home
Lease Term
1 Year
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Currently Operating
Yes
Amenities
Dog Park
Lawn Care
Park
Picnic Area
Playground
Pool
Building Details
Building Size
3,570 SF
Year Built
2020
Stories
3
Units
2
Listing Agency:
Cornerstone Realty Plus, PLLC
(346) 717-0640
Listed By:
Gilbert Tovar
(832) 856-9940
Source:
Elitetownshipproperties
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 29 at 6:24PM
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 Cornerstone Realty Plus, PLLC
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Investment Insights
Based on property information with market context.
Built in 2020, this 3,570-square-foot duplex contains two three-story residences. Each home offers three bedrooms, 2.5 bathrooms, an attached one-car garage, and a private driveway. Interior features include vinyl flooring, refrigerator, and washer and dryer connections.
Residents have access to a pool, dog park, playground, picnic area, and park. The property is in Cypress, minutes from the Grand Parkway and Highway 290. Professional management oversees daily operations, while the HOA maintains the building exteriors and grounds.
Residents have access to a pool, dog park, playground, picnic area, and park. The property is in Cypress, minutes from the Grand Parkway and Highway 290. Professional management oversees daily operations, while the HOA maintains the building exteriors and grounds.
Key Highlights
- Two residences totaling 3,570 square feet
- Built in 2020 with a three‑story townhome layout
- Each unit has 3 bedrooms, 2.5 bathrooms, and an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,280
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,600
$545.6K
Cap Rate 7%
$389,714
$389.7K
Cap Rate 9%
$303,111
$303.1K
Market Conditions
NOI Build-Up for 3,570 SF
Gross rent
$42.8K $12.00/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$39.0K $10.92/SF
− OpEx
−$11.7K −$3.27/SF
NOI
$27.3K $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%
$545,600
Cap Rate 7%
$389,714
Cap Rate 9%
$303,111
Alternative Uses
Best Use
Multifamily LT 5
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$338.1K
$295.9K – $394.5K
NOI $23,669 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$974.8K
$853.0K – $1.14M
NOI $68,236 @ 7.0% cap · market cap 16.75%
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a private driveway, attached garage, and access to shared recreational amenities.
Where is this duplex located?
The property is located at 12603 Telge Road #32 E-F Cypress, TX.
What is the asking price?
The asking price for this property is $407,500.
What are key features of this property?
This property features: Two residences totaling 3,570 square feet; Built in 2020 with a three‑story townhome layout; Each unit has 3 bedrooms, 2.5 bathrooms, and an attached 1‑car garage
