Seller's Agent in 2025
Derek Lau
Real Estate Specialists
(808) 347-8005
3 in this area
32 Total Sales
1747 Pali Hwy Honolulu, HI 96813
Nuuanu-Punchbowl Neighborhood
--
Bed
--
Bath
--
Sq Ft
0.32
Acres
Highlights
- Resident Manager or Management On Site
- Coin Laundry
- Level Lot
- President Theodore Roosevelt High School Rated A
About This Home
As of September 2025Are you a savvy real estate investor seeking a centrally-located and fully-occupied apartment building? Look no further! Ideally located in lower Nuuanu only moments from the excitement of Downtown, this 20-unit property offers residents unparalleled comfort with tons of nearby conveniences. Concrete construction, four-floor walkup (5-units per floor) with a 1:1 parking ratio. Each 2BR/1BA unit boasts a well-maintained interior, which includes neutral paint tones, openly flowing layouts, tons of natural light, spacious living room, two large bedrooms, full bathroom, and a fully-equipped kitchen. Residents occupying the first-floor also enjoy the benefit of a private back patio area. Additional considerations include separate electrical meters, easy access to windward side, lovely views, and more! Take advantage of this rare opportunity to add a unique property to your growing portfolio. NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
Last Agent to Sell the Property
Real Estate Specialists Brokerage Phone: (808) 791-3709 License #RB-19796 Listed on: 02/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,240
Year Built
- Built in 1972
Lot Details
- 0.32 Acre Lot
- Level Lot
Parking
- 20 Parking Spaces
- Open Parking
- Assigned Parking
Additional Features
- 3-Story Property
- Underground Utilities
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Assessor Parcel Number 1-2-2-002-033-0000
Community Details
Overview
- 20 Units
- Punchbowl Area Subdivision
Building Details
- Operating Expense $106,626
- Net Operating Income $185,838
Additional Features
- Coin Laundry
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 20, 1994
Sold by
Allied Construction Inc
Bought by
H & T Sasaki Inc
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,340,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,300,000 | Commercial | |
| Closed | $4,300,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Sold | $6,500,000 | 0.0% | -- |
| 04/24/2025 04/24/25 | Rented | $1,500 | -3.2% | -- |
| 01/17/2025 01/17/25 | For Rent | $1,550 | 0.0% | -- |
| 02/20/2024 02/20/24 | For Sale | $7,000,000 | -- | -- |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,245 | $4,368,700 | $2,510,500 | $1,858,200 |
| 2024 | $15,245 | $4,355,700 | $2,510,500 | $1,845,200 |
| 2023 | $15,231 | $4,351,600 | $2,510,500 | $1,841,100 |
| 2022 | $14,245 | $4,070,000 | $2,324,500 | $1,745,500 |
| 2021 | $14,038 | $4,010,900 | $2,208,300 | $1,802,600 |
| 2020 | $14,860 | $4,245,800 | $2,324,500 | $1,921,300 |
| 2019 | $14,180 | $4,051,300 | $2,092,100 | $1,959,200 |
| 2018 | $13,350 | $3,814,400 | $1,917,700 | $1,896,700 |
| 2017 | $12,874 | $3,678,300 | $1,859,600 | $1,818,700 |
| 2016 | $12,698 | $3,628,000 | $1,801,500 | $1,826,500 |
| 2015 | $13,252 | $3,786,300 | $2,005,400 | $1,780,900 |
| 2014 | -- | $3,774,600 | $2,005,400 | $1,769,200 |
Source: Public Records
Agents Affiliated with this Home
-
Derek Lau
-
Brandon Lau
Buyer's Agent in 2025
Brandon Lau
Coldwell Banker Island Prop
(808) 230-1234
4 in this area
205 Total Sales
Map
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202403860
APN: 1-2-2-002-033-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd
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