Two-Unit Duplex with
For Sale
$409,900
12603 Telge Road # F Unit 26 E-F, Cypress, TX 77429
One residence is leased through August 2027; the other is vacant and available for showing.
Property Size3,570 SF
Price / SF$114.82
Days on Market277
Property Features for 12603 Telge Road # F Unit 26 E-F
General Information
Standard status
Active
Size
3,570 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,042
Amenities
pool
playground
dog park
trails
Building Details
Building Size
3,570 SF
Year Built
2020
Tenancy
Single
Listing Agency:
eXp Realty LLC
Listed By:
Jill Smith · License #0595168
(281) 704-3749
Source:
Bethwolff
Added: Jan 26
Changed: Oct 26
Last Checked: Oct 26 at 11:26AM
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.
Built in 2020, this Cypress duplex contains two residences totaling 3,570 square feet. Each has three bedrooms, 2.5 bathrooms, a kitchen with a refrigerator, a private garage and designated parking. The washer and dryer are included in Unit E. Unit E is leased through August 31, 2027, while Unit F is vacant and available for showings.
The property is in Starwood Farms, with a community pool, playground, dog park and trails. It is less than five miles from major employers, schools and shopping, with access to Hwy. 290, the Grand Parkway and Beltway 8. The property is zoned to CFISD.
The property is in Starwood Farms, with a community pool, playground, dog park and trails. It is less than five miles from major employers, schools and shopping, with access to Hwy. 290, the Grand Parkway and Beltway 8. The property is zoned to CFISD.
Key Highlights
- Two residences totaling 3,570 square feet
- Built in 2020
- Each residence has 3 bedrooms, 2.5 bathrooms, a private garage and designated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,280
Cap Rate
6.66%
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 6.66%
Second Best
Apartment 5plus
$338.1K
$295.9K – $394.5K
NOI $23,669 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$974.8K
$853.0K – $1.14M
NOI $68,236 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
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 - One residence is leased through August 2027; the other is vacant and available for showing.
Where is this duplex located?
The property is located at 12603 Telge Road # F Unit 26 E-F Cypress, TX.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two residences totaling 3,570 square feet; Built in 2020; Each residence has 3 bedrooms, 2.5 bathrooms, a private garage and designated parking
