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!
For sale
Price cut: $25K (9/4)
$599,900
306 E 40th 1/2 St, Houston, TX 77018
2beds
2,084sqft
Triplex
Built in 1965
-- sqft lot
$561,700 Zestimate®
$288/sqft
$-- HOA
What's special
- 112 days
- 29
- 0
Zillow last checked:
Listing updated:
Listed by:
Andrew Lin TREC #0653842 713-653-3455,
Nan & Company Properties - Corporate Office (Heights)
Source: HAR,MLS#: 48496571
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: $288/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
$561,700
$534,000 - $590,000
$1,462/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $599,900-4%$288/sqft |
Source:  HAR #48496571 Report a problem | ||
| 8/7/2026 | Price change | $624,900-3.8%$300/sqft |
Source: HAR #48496571 Report a problem | ||
| 7/13/2026 | Price change | $649,900-3.7%$312/sqft |
Source: HAR #48496571 Report a problem | ||
| 6/1/2026 | Price change | $674,900-3.6%$324/sqft |
Source: HAR #10146220 Report a problem | ||
| 4/30/2026 | Price change | $699,900-3.4%$336/sqft |
Source: HAR #10146220 Report a problem | ||
| 4/2/2026 | Price change | $724,900-3.3%$348/sqft |
Source: HAR #12728693 Report a problem | ||
| 3/17/2026 | Listed for sale | $749,900+248.8%$360/sqft |
Source: HAR #12728693 Report a problem | ||
| 8/21/2023 | Sold | -- |
Source: HomeSmart Intl Solds #36042701_77018 Report a problem | ||
| 7/18/2023 | Pending sale | $215,000$103/sqft |
Source: HAR #36042701 Report a problem | ||
| 7/12/2023 | Price change | $215,000-8.5%$103/sqft |
Source: HAR #36042701 Report a problem | ||
| 7/4/2023 | Price change | $235,000+9.3%$113/sqft |
Source: HAR #36042701 Report a problem | ||
| 6/13/2023 | Pending sale | $215,000$103/sqft |
Source: HAR #36042701 Report a problem | ||
| 6/3/2023 | Listed for sale | $215,000+241.3%$103/sqft |
Source: HAR #36042701 Report a problem | ||
| 7/20/2017 | Listing removed | $63,000$30/sqft |
Source: Champions Real Estate Group #96309408 Report a problem | ||
| 7/18/2017 | Listed for sale | $63,000$30/sqft |
Source: Champions Real Estate Group #96309408 Report a problem | ||
| 8/14/2006 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: Independence Heights
Nearby schools
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.
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