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$724,900 -$25,000 (-3.33%) Price Reduced

  • For Sale
  • Active
  • Triplex
  • 2 Beds
  • 1 Full Bath
  • 2,084 Sq. Ft.
  • Updated 16 hours ago
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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!

Full Property Details for 306 E 40th 1/2 St

General

  • Price: $724,900
  • Status: Active
  • Type: Triplex
  • Source: Houston
  • MLS ID: 12728693
  • Updated: 4/2/2026
  • Added to Site: 17 day(s) ago

Interior

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

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup

Additional Information

  • Security/Safety: Security Gate, Fire Alarm

Parking

  • Parking Features: Electric Gate, Paved

Location

  • Area: 9
  • County: Harris
  • Subdivision: WILLADALE
  • Driving Directions: Heading north on Main from 610, make a left on 40th 1/2 street and property will be on the left
  • Direction Faces: North

School Information

  • Elem School District: 27 - Houston
  • Midd School District: 27 - Houston
  • High School District: 27 - Houston
  • Elementary School: BURRUS ELEMENTARY SCHOOL
  • Middle School: WILLIAMS MIDDLE SCHOOL
  • High School: WASHINGTON HIGH SCHOOL

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Water Available

Structural Information

  • Construction: Cement Siding
  • Roof: Composition
  • Windows: Low-Emissivity Windows
  • Stories/Levels: 1
  • Square Feet: 2,084
  • Sq. Ft. Source: Appraiser
  • Living Area: 2,084 Sq. Ft.
  • Year Built: 1965
  • Year Built Source: Public Records

Lot Features

  • Lot Size Source: Appraiser
  • Lot Features: Near Public Transit, Subdivision

Green Features

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

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: LT 3 BLK 21 WILLADALE SEC 3
  • Legal Disclosures: Owner Is Listing Agent, Seller Disclosure
  • APN: 062-054-021-0003
  • Section: 3

Listed by Nan & Company Properties - Corporate Office (Heights) (713) 714-6454, Andrew Lin (713) 653-3455

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Listing agent

— 306 E 40th 1/2 St —

  • Andrew Lin

    Nan & Company Properties - Corporate Office (Heights)

    713-653-3455

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 306 E 40th 1/2 St

School District:Houston Independent School District
NameGradesDistance
Burrus Elementary School
701 East 33rd Street, Houston, TX 77022
K-50.4 mi
Williams Middle School
6100 Knox Street, Houston, TX 77091
6-82.8 mi
Washington B T High School
4204 Yale Street, Houston, TX 77018
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 306 E 40th 1/2 St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Price Reduced
$724,900
-3.33%
MLS
3/17/2026
Listed
$749,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 306 E 40th 1/2 St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,603
52%
$379,390
149%
2020
$3,023
-2%
$152,231
-2%
2022
$3,084
16%
$155,386
11%
2021
$2,659
67%
$139,472
5%
2020
$1,594
—
$132,867
102%
2019
$1,594
-39%
$65,836
-36%
2018
$2,610
15%
$103,150
15%
2017
$2,266
7%
$89,714
7%
2016
$2,123
-2%
$83,971
-2%
2015
$2,171
—
$85,655
18%
2015
$2,171
17%
$72,288
—
2013
$1,850
—
$72,288
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 306 E 40th 1/2 St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Nan & Company Properties - Corporate Office (Heights) (713) 714-6454, Andrew Lin (713) 653-3455

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306 E 40th 1/2 Street, Houston, TX 77018 (MLS# 12728693) is a Triplex property with 2 bedrooms and 1 full bathroom. 306 E 40th 1/2 Street is currently listed for $724,900 and was received on March 17, 2026. Want to learn more about 306 E 40th 1/2 Street? Do you have questions about finding other Triplex real estate for sale in Houston? You can browse all Houston real estate or contact a Coldwell Banker agent to request more information.

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