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$526,155

NAL Estimated Property Value

306 E 40th St, Houston, TX, 77018

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,969 Sq Ft
price_per_sqft$267.22 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,001 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN0210750000004
Lot Number4
SubdivisionIndependence Heights
Land UseResidential
Legal DescriptionLT 4 BLK 5 INDEPENDENCE HEIGHTS
Census Tract530300
Assessed Land Value$84,000
Assessed Improvement Value$442,155
Assessment Year2025

About this property

Prime Opportunity in Rapidly Growing Independence Heights! Discover endless potential with this 3,000 sqft cleared residential lot, ideally located in the heart of Independence Heights—one of Houston’s fastest-growing neighborhoods. Just minutes from Downtown, this property is surrounded by new construction and beautifully remodeled homes, making it the perfect canvas for your next project. Whether you’re envisioning a custom dream home, a multi-unit development, or a smart investment property, this lot offers the ideal location and timing. Even better—the adjoining lot is also available, giving visionary developers a rare chance to build big and maximize value. Don’t miss out on this exceptional opportunity to invest in the future of a vibrant and evolving community. Opportunities like this don’t last long—secure your piece of Independence Heights today!

Investor Tools

Property Icon
$526,155
Estimated Property Value
$432,914Estimated Mortgage Balance
$93,241Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,157 /month
Positive
Cash Flow Estimate:
$1,052 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$925/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,474
$526,155
2025
$84,000
$442,155
$526,155
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,474
$526,155

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$451,250
No
First
Feb 16, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,914
$93,241
17%
82%
$2,706/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,706/mo
$-984/mo
3.9%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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306 E 40th St | Property Details | No Agent List