For sale

Price cut: $25K (6/1)

$674,900

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

2beds

2,084sqft

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Triplex

Built in 1965

-- sqft lot

$647,100 Zestimate^®

$324/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!

69 days

44

4

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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: $324/sqft
Tax assessed value: $379,390
Annual tax amount: $8,015
Date on market: 4/30/2026
Listing terms: Cash,Conventional
Lease term: 1 Year

Estimated market value

$647,100

$615,000 - $679,000

$1,514/mo

Price history

Date	Event	Price
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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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