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For Sale

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

$724,900

HIGHLIGHTS:
  • Active
  • $9,728/month
  • 28 DOM
  • 1 Stories
  • 0 Beds
  • 2,084 SqFT
Description

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!

Overview
  • MLS Number: 12728693
  • Type: Multi-Family - Triplex
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 2,084 SqF
  • Land Size: 5,005 sqft
  • Year Built: 1965
Financial
Price:
$724,900
Price/SqFT:
$347.84
Original Price:
$749,900
Reduced $:
$25,000
Reduced On:
Apr 2nd, 2026
Reduced %:
3.33 %
HOA Fee:
Tax Rate:
2.09236 %
Est. Monthly:
$9,728 *
Tax Amount:
$15,168
Amenities and features
  • Controlled Subdivision
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Countertop:
    QUARTZ
    Floors:
    Tile,Vinyl Plank
    Heating:
    Central Electric
    Cooling:
    Central Electric
    Microwave:
    Yes
    Compactor:
    No
    Disposal:
    Yes
    Dishwasher:
    No
    Energy Feature:
    Ceiling Fans,Digital Program Thermostat,High-Efficiency HVAC,Insulated/Low-E windows,North/South Exposure
  • Roof:
    Composition
    Exterior Type:
    Cement Board
    Parking Unit:
    One
    Parking:
    Automatic Driveway Gate,Paved Area
    Access:
    Driveway Gate
    Front Door Face:
    North

Listed By:
Andrew Lin

Nan & Company Properties - Corporate Office (Heights)

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