About this home

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!

Facts and features

Schools

• Washington B T High School

  high · 9-12 · 0.2 mi

  3

• Burrus Elementary School

  elementary · K-5 · 0.5 mi

  8

• Williams Middle School

  middle · 6-8 · 2.7 mi

  3

• St. Rose of Lima Catholic School

  elementary · K-8 · 1.2 mi

• Kennedy Elementary School

  elementary · K-5 · 0.8 mi

  7

• Harper Daep

  high · 9-12 · 1.1 mi

  1

Price history

• Sep 18, 2026 · Relisted$599,900
• Sep 17, 2026 · Listing Removed$599,900
• Sep 4, 2026 · Price Changed$599,900
• Sep 4, 2026 · Price Changed For Rent$1,400
• Aug 7, 2026 · Price Changed$624,900
• Jul 13, 2026 · Listed$649,900
• Jul 13, 2026 · Listing Removed$674,900
• Jul 2, 2026 · Listed For Rent$1,450

Tax history

• 2026$7,161 tax · $336,955 assessed
• 2025$7,891 tax · $377,160 assessed
• 2023$3,067 tax · $152,231 assessed
• 2022$3,084 tax · $140,083 assessed
• 2021$2,658 tax · $114,087 assessed
• 2020$3,188 tax · $132,867 assessed
• 2019$1,594 tax · $65,836 assessed
• 2018$2,610 tax · $103,150 assessed

Home value

$587,843

• Quantarium$587,843
• Collateral Analytics$594,000
• Cotality$582,700

Where it is