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For sale
    • Price cut: $25K (8/7)
    $624,900

    306 E 40th 1/2 St, Houston, TX 77018

    2beds
    2,084sqft
    : 
    $4,506/mo
    Get pre-qualified
    Triplex
    Built in 1965
    -- sqft lot
    $594,200 Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Welcome to 306 E 40th 1/2 St. a terrific triplex in the bustling neighborhood of Independence Heights. The gated property was recently taken down to the studs in 2024, the 3 unit complex is completely renovated and fully leased out generating over $50,000 in annual rental revenue with longterm tenants! Each unit features 2 bedrooms/1 bath with an open concept floor plan and in unit washer/dryer. The beautiful residences are finished with stainless steel appliances, shaker style cabinets, quartz countertops, LVP flooring, and designer tiles. Conveniently located just minutes from the Heights and Downtown with easy access to major highways 610, 45, and 59. This property is a great investment and won't last long!
    43 days
    |
    44
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Lin TREC #0653842 713-653-3455,

    Nan & Company Properties - Corporate Office (Heights)

    Source: HAR,MLS#: 48496571MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Electric
      Cooling
      • Ceiling Fan(s), Electric
      Appliances
      • Included: Range, Disposal, Microwave, Refrigerator
      • Laundry: Washer/Dryer Connections
      Features
      • Flooring: Tile, Vinyl
      • Windows: Insulated/Low-E windows
      Interior area
      • Total structure area: 2,084
      • Total interior livable area: 2,084 sqft

      Property

      Parking
      • Parking features: Electric Gate, Paved, One Parking Unit
      Features
      • Stories: 1
      Lot
      • Size: 5,005 Square Feet
      • Features: Subdivided, Near Public Transit
      Details
      • Parcel number: 0620540210003

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Cement Siding
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1965

      Utilities & green energy

      • Utilities for property: Cable Connected, Electricity Available, Water Connected
      Green energy
      • Energy efficient items: Thermostat, HVAC, Exposure/Shade

      Community & HOA

      Community
      • Subdivision: Willadale
      Location
      • Region: Houston

      Financial & listing details

      • Price per square foot: $300/sqft
      • Tax assessed value: $379,390
      • Annual tax amount: $8,015
      • Date on market: 7/13/2026
      • Listing terms: Cash,Conventional
      • Lease term: 1 Year

        Estimated market value

        $594,200

        $564,000 - $624,000

        $1,444/mo

        Price history

        DateEventPrice
        8/7/2026Price change$624,900-3.8%$300/sqft
        Source: HAR #48496571 Report a problem
        7/13/2026Price change$649,900-3.7%$312/sqft
        Source: HAR #48496571 Report a problem
        6/1/2026Price change$674,900-3.6%$324/sqft
        Source: HAR #10146220 Report a problem
        4/30/2026Price change$699,900-3.4%$336/sqft
        Source: HAR #10146220 Report a problem
        4/2/2026Price change$724,900-3.3%$348/sqft
        Source: HAR #12728693 Report a problem
        3/17/2026Listed for sale$749,900+248.8%$360/sqft
        Source: HAR #12728693 Report a problem
        8/21/2023Sold--
        Source: HomeSmart Intl Solds #36042701_77018 Report a problem
        7/18/2023Pending sale$215,000$103/sqft
        Source: HAR #36042701 Report a problem
        7/12/2023Price change$215,000-8.5%$103/sqft
        Source: HAR #36042701 Report a problem
        7/4/2023Price change$235,000+9.3%$113/sqft
        Source: HAR #36042701 Report a problem
        6/13/2023Pending sale$215,000$103/sqft
        Source: HAR #36042701 Report a problem
        6/3/2023Listed for sale$215,000+241.3%$103/sqft
        Source: HAR #36042701 Report a problem
        7/20/2017Listing removed$63,000$30/sqft
        Source: Champions Real Estate Group #96309408 Report a problem
        7/18/2017Listed for sale$63,000$30/sqft
        Source: Champions Real Estate Group #96309408 Report a problem
        8/14/2006Sold--
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,015 +74.1%$379,390 +72.5%
        2024$4,603 +50.1%$220,000 +44.5%
        2023$3,067 -0.6%$152,231 -2%
        2022$3,084 $155,386 +11.4%
        2021-- $139,472 +5%
        2020-- $132,867 +26.6%
        2019$1,594 -29.7%$104,972 +1.8%
        2018$2,266 $103,150 +15%
        2017$2,266 +6.7%$89,714 +6.8%
        2016$2,123 +14.3%$83,971 -2%
        2015$1,858 $85,655 +18.5%
        2014$1,858 $72,288
        2013-- $72,288
        2011-- $72,288
        2010-- $72,288 -30.8%
        2009-- $104,426
        2008-- $104,426 +8.2%
        2007-- $96,554 -0.9%
        2006-- $97,403 +100%
        2005-- $48,700
        2004-- $48,700
        2003-- $48,700 +30.2%
        2002-- $37,400 -17.6%
        2001-- $45,370 +32.5%
        2000-- $34,250
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Independence Heights

        Getting around

        60 / 100
        Somewhat Walkable
        46 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Kennedy Elementary School (Houston)
        • Middle: Williams Middle School
        • High: Washington High School

        Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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