Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$649,900

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

On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths2,084 Sq Ft
Multi FamilyMulti Family
price_per_sqft$311.85 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Refrigerator
FlooringTile, Vinyl

Exterior

Lot Size5,005 sqft

Building Information

Year Built1965
Garage Spaces1

Land Information

APN0620540210003
Lot Number3
SubdivisionWilladale
Land UseResidential
Legal DescriptionLT 3 BLK 21 WILLADALE SEC 3
Census Tract530600
Assessed Land Value$135,068
Assessed Improvement Value$244,322
Assessment Year2025

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!

Investor Tools

$419,170Estimated Mortgage Balance
$273,830Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,158 /month
Positive
Cash Flow Estimate:
$1,386 /month

Interested in this property?

Andrew Lin

Nan & Company Properties - Corporate Office (Heights)

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,603
$379,390
2025
$135,068
$244,322
$379,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,603
$379,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mega Capital Funding Inc
Conventional
$435,500
No
First
Jun 25, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$419,170
$273,830
39%
60%
$2,612/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,612/mo
$-386/mo
3.9%

City: Houston

306 E 40th 1/2 St | Property Details | No Agent List