Two-Unit Three-Story
For Sale
$407,500
12603 Telge Road # F Unit 32 E-F, Cypress, TX 77429
Both residences offer three bedrooms, attached one-car garages, and private driveways.
Property Size3,570 SF
Price / SF$114.15
Days on Market13
Property Features for 12603 Telge Road # F Unit 32 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
Furnished
No
Highway Access
Yes
Amenities
playground
picnic area
pool
dog park
Building Details
Building Size
3,570 SF
Year Built
2020
Listing Agency:
Cornerstone Realty Plus,PLLC
Listed By:
Gilbert Tovar
(832) 856-9940
Source:
Biermanrealty
Added: Oct 18
Changed: Oct 27
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 Cornerstone Realty Plus,PLLC
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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.
This 2020 duplex contains two three-story townhome-style residences, totaling 3,570 square feet. Each unit has three bedrooms, 2.5 bathrooms, an attached one-car garage, and a private driveway. Interior features include vinyl flooring, refrigerator, washer and dryer connections, and large bedroom areas.
The community provides a pool, playground, picnic area, and dog park. The property is in Cypress, minutes from the Grand Parkway and Highway 290, with retail and restaurants nearby. Professional management handles daily operations, while the HOA maintains the grounds and building exteriors.
The community provides a pool, playground, picnic area, and dog park. The property is in Cypress, minutes from the Grand Parkway and Highway 290, with retail and restaurants nearby. Professional management handles daily operations, while the HOA maintains the grounds and building exteriors.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 3,570‑square‑foot duplex built in 2020
- Three‑story townhome‑style layout in each unit
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
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 - Both residences offer three bedrooms, attached one-car garages, and private driveways.
Where is this duplex located?
The property is located at 12603 Telge Road # F Unit 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, each with 3 bedrooms and 2.5 bathrooms; 3,570‑square‑foot duplex built in 2020; Three‑story townhome‑style layout in each unit
