3 months on rocket

618 E 40th St Unit 5, Houston, TX, 77022

$800,000

Home List Price

$9,500*

Closing Credit

0 Baths
4,200 SqFt
$190/SqFt
Multi

Location

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618 E 40th St Unit 5, Houston$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1972
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #81471658
StatusActive

About 618 E 40th St Unit 5

Welcome to your next investment. Located in the vibrant and rapidly evolving Independence Heights neighborhood of Houston, this impressive 5-unit apartment complex offers a unique and rare opportunity for an investor to add a turnkey-cash-flowing property to their portfolio. Located less than 10 min from Downtown Houston, this property benefits from the neighborhood's burgeoning growth and revitalization. Independence Heights is renowned for its blend of historic charm and modern development with new construction on almost every street. Each of the five units has been thoughtfully designed to maximize space and comfort. The project has completed a full gut remodel in 2023 with new MEP's, new floors, energy-efficient windows, tankless water heaters, stainless steel appliances, and new roof. Each unit also comes standard with a washer/dryer. Seller will pay for a new resurfaced asphalt driveway upon sale.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Stories: 1
  • Living Area: 4,200 SqFt

Listing Office:

  • Office Name: Joseph Walter Realty, LLC
  • Office Phone: (888) 227-1009
  • Listing Agent: Edward McClintick

Interior Features

Interior Information:

  • Appliances: Disposal, Microwave, ENERGY STAR Qualified Appliances, Tankless Water Heater
  • Flooring Type: Concrete
  • Interior: Ceiling Fan(s), Programmable Thermostat

Exterior Features

Exterior Information:

  • Exterior: Private Entrance

Lot Features

Lot Information:

  • Lot: Other, Near Public Transit

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From downtown Houston, TX - Get on I-45 N, use the right 2 lanes to take exit 51 to merge onto I-610 W for 1.0 Mile. take exit 16 toward N Main St./Yale st. Merge onto N Loop W Fwy/ North Loop then turn right onto N Main st. Turn right on E 40th St and your destination will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $190/SqFt
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Housing Market Comparison

See how this home compares to others in Houston, TX.

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Houston, TX

City

Med. Sold Price

$319.9K

Med. Price/SqFt

$166

Avg. Days On Market

39

# of Sold Homes

1969

618 E 40th St Unit 5 vs Houston

104 DAYS ON ROCKET

+65 Days

$800,000

+$480K More

$190/SqFt

+$24 More

KEY TAKEAWAY

This property is $480K more than the Median Sold Price and $24/SqFt more than other homes in Houston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #81471658

Listing Office:

  • Office Name: Joseph Walter Realty, LLC
  • Office Phone: (888) 227-1009
  • Listing Agent: Edward McClintick

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. 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 HRIS 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. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/15/2024, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-529335
2
/10

  • Burrus Elementary School

  • 701 E 33rd St

  • 0.34 miles

  • Public Magnet Grades EE-5

school-card-donut-529336
6
/10

  • Kennedy Elementary School

  • 400 Victoria Dr

  • 0.87 miles

  • Public District Grades EE-5

school-card-donut-529337
6
/10

  • Roosevelt Elementary School

  • 6700 Fulton St

  • 1.06 miles

  • Public Magnet Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,645. The majority of Houston, TX residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Harris County›Houston›77022›618 E 40th St Unit 5

This home is located at 618 E 40th St Unit 5 in Houston, TX and zip code 77022 in the North Houston neighborhood. This 4,200 square foot home was built in 1972. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $800,000.

In October 2024 more than 298 listings in Houston, TX were sold above the asking price. During the same period more than 429 listings were sold at asking price, while more than 1241 were sold below. Between September 2024 and October 2024, Houston, TX real estate market has seen increase in the number of listings by 19%. Listings spent 39 days on the market in October 2024, and had a median list price of $319,958 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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