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306 E 40th 1/2 Street, Houston TX 77018
306 E 40th 1/2 Street, Houston TX 77018
Texas>Houston>Independence Heights

306 E 40th 1/2 StreetHouston, TX 77018

For Sale

$599,900

Smart Buyer Rebate $5,999

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!

Listed by Andrew Lin

·

License #0653842

·

Nan & Company Properties - Corporate Office (Heights)

·

713-653-3455

Last updated September 04, 2026

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Source: HAR #48496571

Listing Facts

  • TypeMulti-family
  • NeighborhoodIndependence Heights
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu64
  • Size2,084 sqft
  • Price per sqft$288

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

09/04/2026
Price Decreased
$599,900
08/07/2026
Price Decreased
$624,900
07/13/2026
Listed by Nan & Company Properties - Corporate Office (Heights)
$649,900
  1. 09/04/2026$599,900
    Price Decreased
  2. 08/07/2026$624,900
    Price Decreased
  3. 07/13/2026$649,900
    Listed by Nan & Company Properties - Corporate Office (Heights)

Property Details for 306 E 40th 1/2 Street

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Composition
  • Stories: 1
  • Window Features: Low-Emissivity Windows
  • Year Built: 1965
  • Construction Materials: Cement Siding

Features

  • Direction Faces: North

Measurements

  • Building Area Total: 2,084
  • Lot Features: Near Public Transit, Subdivision
  • Lot Size Area: 5,005
  • Lot Size Source: Appraiser
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Operating Expense Includes: Insurance,Real Estate Tax

Taxes

  • Parcel Number: 062-054-021-0003

Interior

Features

  • Appliances: Disposal, Microwave, Refrigerator
  • Flooring: Plank, Tile, Vinyl
  • Interior Features: Quartz Counters, Ceiling Fan(s), Programmable Thermostat

Measurements

  • Living Area: 2,084
  • Living Area Source: Appraiser

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2

Other

Environmental

  • Green Energy Efficient: Exposure/Shade,HVAC,Thermostat,Windows

Location

  • Subdivision Name: WILLADALE

Parking

Parking

  • Other Parking: One
  • Parking Features: Electric Gate, Paved

Schools

Elementary School

  • Elementary School: KENNEDY ELEMENTARY SCHOOL (HOUSTON)
  • Elementary School District: 27 - Houston

High School

  • High School: WASHINGTON HIGH SCHOOL
  • High School District: 27 - Houston

Middle or Junior School

  • Middle Or Junior School: WILLIAMS MIDDLE SCHOOL
  • Middle Or Junior School District: 27 - Houston

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Has Cooling: Yes
  • Heating: Central, Electric
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Utilities: Cable Available, Electricity Available, Water Available

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 2 bedrooms and 1 bathroom in this multi-family home at 306 E 40th 1/2 Street.

What schools are nearby to 306 E 40th 1/2 Street?

Nearby schools include the KENNEDY ELEMENTARY SCHOOL (HOUSTON), WILLIAMS MIDDLE SCHOOL, and WASHINGTON HIGH SCHOOL.

How does 306 E 40th 1/2 Street compare to other multi-family homes in Independence Heights?

This multi-family home is listed 15% above the average price for multi-family homes in Independence Heights and has been on the market for 26 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,084 sqft.

306 E 40th 1/2 Street is a 2-bedroom, 1-bath multi-family home for sale in Houston TX 77018. Listed on Prevu for 64 days at $599,900. This includes a recent price decrease of $25,000. This residence features 2,084 square feet of living space, located in Independence Heights. The median listing price for multi-family homes in this area is $379,000. Nearby schools include KENNEDY ELEMENTARY SCHOOL (HOUSTON), WILLIAMS MIDDLE SCHOOL, and WASHINGTON HIGH SCHOOL. Property amenities include air conditioning and parking. Explore more multi-family home listings in Houston.

Based on information from Houston Realtors Information Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.