306 E 40th 1/2 St, Houston, TX 77018
Property image
Property image
FOR SALE

$599,900

Original price: $624,900
  • 2 Beds
  • 1 Bath
  • 2,084 sqft

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

Independence Heights
Est. Mortgage $4,047/mo*
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Home Highlights

Multi-Family
Built in 1965
$288/sqft

Local Information

  • Map ViewExplore the area around 306 E 40th 1/2 St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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!
Last check for updates: about 12 hours ago
Listing courtesy of Andrew Lin TREC #0653842, (713) 653-3455
Nan & Company Properties - Corporate Office (Heights)
Source: HAR, MLS#48496571
Also Listed on HAR.

Home Details for 306 E 40th 1/2 St

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 2084 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Available, Water ConnectedAppliances: Range, Disposal, Microwave, RefrigeratorDisposalLaundry: Washer/Dryer ConnectionsMicrowaveRefrigerator
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Ceiling Fan(s),ElectricHas HeatingHeating Fuel: Electric
Windows, Doors, Floors & Walls
Window: Insulated/Low-E windowsFlooring: Tile, Vinyl
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Vinyl

Exterior Features

Exterior Home Features
Roof: CompositionNo Private Pool
Parking & Garage
No CarportNo GarageParking: Electric Gate,Paved,One Parking Unit

Days on Market

Days on Market: 55

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Construction Materials: Cement SidingNot a New Construction
Property Information
Parcel Number: 0620540210003

Price & Status

Price
List Price: $599,900Price Per Sqft: $288

Active Status

MLS Status: Active

Location

Direction & Address
City: HoustonCommunity: Willadale
School Information
Elementary School: Kennedy Elementary School (Houston)Jr High / Middle School: Williams Middle SchoolHigh School: Washington High SchoolHigh School District: 27 - Houston

Agent Information

Listing Agent
Listing ID: 48496571

Building

Building Area
Building Area: 2084 Square Feet

Lot Information

Lot Area: 5005.044 sqft

Offer

Listing Terms: Cash, Conventional

Energy

Energy Efficiency Features: Thermostat, HVAC, Exposure/Shade

Miscellaneous

Mls Number: 48496571

Around this home

Neighborhood Overview

Independence Heights
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Independence Heights

At least 80 Trulia users voted on each feature.

  • 81 % Say car is needed

  • 81 % Say yards are well-kept

  • 72 % Say it's dog friendly

  • 70 % Say parking is easy

  • 65 % Say there's holiday spirit

  • 63 % Say they plan to stay for at least 5 years

  • 63 % Say kids play outside

  • 56 % Say there are sidewalks

  • 53 % Say it's quiet

  • 51 % Say neighbors are friendly

  • 47 % Say streets are well-lit

  • 43 % Say it's walkable to grocery stores

  • 42 % Say it's walkable to restaurants

  • 39 % Say people would walk alone at night

  • 38 % Say there's wildlife

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "depends on what's going on and where it's happening at. also who is sponsoring the event because most of the event are family "
    0
    Flag
  • Trulia User
    "Pretty much everyone owns a dog, so pretty much no one is bothered about issues with another ones dog. No one is bothered by the barking or and no one really lets their dog run the neighborhood."
    1
    Flag
  • Trulia User
    "To me is not safe to live in that area or to raise a family. Their schools are not that great but decent"
    1
    Flag
  • Trulia User
    "Need dog park and some dog friendly coffee shops and restaurants. Pet store would be nice Walking trail to the dog park will help a lot "
    1
    Flag
  • Trulia User
    "Nice up and coming area. Many families moved in to this location. Close to shops and restaurants. Easy access to major street and highways."
    0
    Flag
  • Katie B.
    "I’ve lived here since 2015 and I absolutely love it. I feel very safe here the neighbors are friendly and look out for each other. The recent gentrification is changing the neighborhood but overall I still like it. "
    6
    Flag
  • Dazzlyn M.
    "nice for it to be so populated, and most of the people around the area been here for a long time. schools are in the area."
    0
    Flag
  • Justin H.
    "A lot of people here let their dogs come into your yard and poop. It’s pretty bad. A lot of folks also do not keep their dogs locked in their property so if you are out walking expect yo run into other loose dogs. Finally many residents don’t use leashes when walking their pups "
    4
    Flag
  • A.taylor_amt
    "Very close to downtown. Able to get to Galleria less than 10 mins. Good known schools around. Can catch any freeway in minutes!"
    1
    Flag
  • Kethabjones
    "My neighborhood is close to downtown most of the families here have been here for over 20yrs so its friendly, it's crazy at times, sometimes its quite but it's all what you make it. just as any other place would live "
    3
    Flag
  • Rhonda_mccllgh
    "It’s close to all the main freeways so you’re close to the Galleria and very close to Downtown Houston."
    0
    Flag
  • Jason A. H.
    "You always see people at the parks and gathered at churches. Everybody is kind and friendly. I know all of my neighbors and feel like we look out for each other. "
    0
    Flag
  • Miggssixxx66
    "do not move here! it's still going under gentrification which means there are still a lot of prostitutes and thieves the walk the streets at night my car gets broken into pretty regularly to the point where I don't even lock it anymore or keep valuables inside just to make it easier for someone to see there's no need to break my windows. if you're dumb enough to fall for the cheap rent that's your fault"
    9
    Flag
  • Nakia W. .
    "as a dog owner I personally like the parks in my area plus the kind and understanding heart's for their breed. I own 2 American Bullys that are well trained and playful "
    1
    Flag
  • Nakia W. .
    "The neighborhood is starting to look and feel a lot better some days more than others................................................................"
    1
    Flag
  • Joeyecardona2708
    "I just moved into the neighborhood 2 months ago, and it’s been great. So close to Down Town and a lot of restaurants. "
    9
    Flag
  • Ameliavirginiarodriguez
    "Safety... good schools... parks... grocery stores... close to downtown... airports... crime rate... "
    0
    Flag
  • Theresaj56
    "I have lived in this community for over 45 years my parents and family also lived here for over 80 years this is our home and we love it here"
    10
    Flag
  • lisa v.
    "What makes this neighborhood unique is the neighbors. Don't do it, you will regret it. I wake up to gun shots at least once a week. The parking is horrible. Don't have gatherings cause neighbor will harass guest. Home is beautiful but area is horrible."
    38
    Flag
  • nisaya111
    "I live here and I think its beautiful I just love the outdoors we had so many party's their just beautiful "
    3
    Flag

Market trends in Houston

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$316K
$6.67KMoM
Sale-to-List Price
98.2%
Price per sq ft
$161
$2MoM
Available listings
13162
241MoM

Home Value

Trulia Estimate
$569K
Since last month
Decreased$57K (-9.1%)
Since last year
Increased$299K (+110.8%)
Since last sale
Increased$349K (+158.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +174% in the last 10 years
MonthEstimated value
2026
September 2026$569K
August 2026$590K
July 2026$626K
June 2026$640K
May 2026$669K
April 2026$691K
March 2026$731K
February 2026$278K
January 2026$278K
2025
2024
2023
2020

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3327 Cornell Street #A B, Houston, TX
0.53
Multi-Family Home
-
10/09/25
2
2
2,265
3711 Reagan Street, Houston, TX
2.38
Multi-Family Home
-
06/02/26
1
1
3,478
907 Heights Boulevard, Houston, TX
2.45
Multi-Family Home
-
07/15/26
2
2
3,410
1246 Omar St, Houston, TX
2.44
Multi-Family Home
-
03/10/26
4
4
2,454
3614 Billingsley Street, Houston, TX
2.84
Multi-Family Home
-
10/02/25
3
2
1,540
2422 Freeman Street, Houston, TX
3.34
Multi-Family Home
-
11/05/25
2
1
1,976

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
305A E 40th St, Houston, TX 77018
0.02
$304,100
3
2.5
1,791
Off Market
305 E 40th Street #B, Houston, TX 77018
0.02
$303,700
3
2.5
1,791
Off Market
307 E 40th Street #A, Houston, TX 77018
0.02
$318,000
3
2.5
1,791
Off Market
307B E 40th St, Houston, TX 77018
0.02
$294,100
3
2.5
1,791
Off Market
414 E 40th 1/2 St #1-2, Houston, TX 77018
0.03
$184,900
-
-
-
For Sale
306 E 40th St A, Houston, TX 77018
0.04
$469,100
3
2.5
1,917
Off Market
8013 N Main St #8, Houston, TX 77022
0.04
$125,000
-
-
-
For Sale
8020 N Main St, Houston, TX 77022
0.07
$225,000
-
-
-
For Sale
7918 N Main St, Houston, TX 77022
0.09
$915,000
2
2
1,326
For Sale
8407 N Main St, Houston, TX 77022
0.14
$262,500
-
-
-
For Sale
402 E 42nd St, Houston, TX 77022
0.12
$220,000
-
-
-
For Sale

Price and Tax history

DateEventPrice
Sep 4, 2026
Source: HAR #48496571
PriceChange
$599,900
Price decreased by 4%
Aug 7, 2026
Source: HAR #48496571
PriceChange
$624,900
Price decreased by 4%
Jul 13, 2026
Source: HAR #48496571
PriceChange
$649,900
Price decreased by 4%
Jun 1, 2026
Source: HAR #10146220
PriceChange
$674,900
Price decreased by 4%
Apr 30, 2026
Source: HAR #10146220
PriceChange
$699,900
Price decreased by 3%

LGBTQ Local Legal Protections

Andrew Lin, Nan & Company Properties - Corporate Office (Heights)
Agent Phone: (713) 653-3455
Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 306 E 40th 1/2 St

  • What is the estimated monthly payment for 306 E 40th 1/2 St?
    Based on a $599,900 list price with 20% down at today's rates, the estimated monthly payment for 306 E 40th 1/2 St in Houston, TX is approximately $4,085 (about $3,135 principal & interest, $875 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 306 E 40th 1/2 St compare to homes in Houston?
    306 E 40th 1/2 St in Houston, TX is listed at $599,900, about 90% above the $316K median sale price in Houston.
  • What do residents say about the Independence Heights neighborhood?
    Residents describe the Independence Heights neighborhood in Houston, TX as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See homes for sale in Independence Heights, Houston.
  • What are the closest schools to 306 E 40th 1/2 St?
    The closest schools to 306 E 40th 1/2 St in Houston, TX are Burrus Elementary School (Pre-K, rated 8/10), Washington B T High School (rated 3/10), Williams Middle School (rated 3/10).
  • Does 306 E 40th 1/2 St have air conditioning?
    Yes, 306 E 40th 1/2 St in Houston, TX has air conditioning.
  • Does 306 E 40th 1/2 St have laundry facilities?
    Yes, 306 E 40th 1/2 St in Houston, TX has laundry facilities.
306 E 40th 1/2 St, Houston, TX 77018 is a 2 bedroom, 1 bathroom, 2,084 sqft multi-family built in 1965. 306 E 40th 1/2 St is located in Independence Heights, Houston. This property is currently available for sale and was listed by HAR on Jul 13, 2026. The MLS # for this home is MLS# 48496571.