306 E 40TH 1/2 STREET, HOUSTON, TX 77018

Homes for sale in Houston.

Homes for sale in 77018.


306 E 40th 1/2 Street

Houston, TX 77018

Active

List Price$724,900

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #12728693

2

Bedrooms

1 full

Bathrooms

2,084

Square Feet

3

Number of Units

Multi-Unit Residential

Type

About This Property

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!

Property Features

Location Information

County

Harris

Longitude

-95.395709

MLS Area

Northwest Houston

Subdivision

WILLADALE

Latitude

29.822685

Directions

Heading north on Main from 610, make a left on 40th 1/2 street and property will be on the left

Interior Features

Interior

Quartz Counters, Ceiling Fan(s), Programmable Thermostat

Total Number of Units

3

Exterior Features

Stories

1

Lot Description

Near Public Transit, Subdivision

Is New Construction

No

Lot Size in Acres

0

Construction

Cement Siding

Lot Size in Sq. Ft.

5,005

Parking Description

Electric Gate, Paved

Is One Story

Yes

School

School District

Houston

Middle School

WILLIAMS MIDDLE SCHOOL

Elementary School

BURRUS ELEMENTARY SCHOOL

High School

WASHINGTON HIGH SCHOOL

Additional Information

Finance Available

Cash, Conventional

Year Built

1965

Property Type

RI

Status

Active

Property SubType

Triplex

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Mortgage Calculator

$3,385

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,612

Monthly Tax

$604

Monthly Insurance

$169

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

Listing Courtesy of: Nan & Company Properties - Corporate Office (Heights)

© 2026 Houston REALTORS® Information Service, Inc.. All rights reserved.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston REALTORS® Information Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the Houston REALTORS® Information Service (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HAR or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy.

HAR - Houston data last updated at April 28, 2026, 4:53 PM CT

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