$2,988,000
$762K PRICE DROP

Estimated payment $16,832/month

Total Views 2,634
-- Bed
-- Bath
5,808 Sq Ft
$514 Price per Sq Ft

Highlights

  • Property is in excellent condition
  • Level Lot
  • 4-minute walk to Auld Lane Mini Park

About This Home

Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 7.8% return (actual). Off
the ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing,
kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked
up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property &
includes 3 parking spaces that are rented out for add’l income.

Listing Agent

Christina Dwight

Commercial Inv. Strategies Brokerage Phone: (808) 429-1098 License #RB-20978 Listed on: 06/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,576

Year Built

  • Built in 1916

Lot Details

  • 5,757 Sq Ft Lot
  • Level Lot
  • Flag Lot
  • Property is in excellent condition

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 5,808 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Listing and Financial Details

  • Assessor Parcel Number 1-1-6-001-058-0000

Community Details

Overview

  • 12 Units
  • Kapalama Subdivision

Building Details

  • Operating Expense $27,976
  • Net Operating Income $235,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,576

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1916
  • Attribution Contact: (808) 429-1098
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: None
  • MLS Status: Active
  • Subdivision Name: KAPALAMA
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Wood Frame
  • Lot Features: Cul-De-Sac, Flag Lot, Interior Lot, Level
  • Property Condition: Excellent
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: None, Principal is Real Estate Licensed

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 4.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
  • Sewer: Connected

Lot Info

  • Parcel Number: 1-1-6-001-058-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 235576.0
  • Annual Operating Expense: 27976.0
  • Tenant Pays: Cable TV, Electricity, Water
  • Total Actual Rent: 21621.0

Tax Info

  • Tax Annual Amount: 3576.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,279 $840,800 $670,500 $170,300
2024 $2,279 $771,100 $670,500 $100,600
2023 $2,257 $844,800 $685,300 $159,500
2022 $2,314 $661,200 $551,300 $109,900
2021 $2,362 $674,900 $536,400 $138,500
2020 $1,996 $670,200 $551,300 $118,900
2019 $2,085 $715,100 $566,200 $148,900
2018 $2,085 $675,700 $489,000 $186,700
2017 $2,106 $681,700 $457,500 $224,200
2016 $1,978 $645,100 $464,500 $180,600
2015 $1,688 $562,300 $359,300 $203,000
2014 -- $508,000 $350,600 $157,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $2,988,000 +241.5% $514 / Sq Ft
10/02/2022 10/02/22 Off Market $875,000 -- --
09/23/2022 09/23/22 Sold $875,000 0.0% $937 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $875,000 -5.4% $937 / Sq Ft
07/18/2022 07/18/22 Price Changed $925,000 -5.1% $990 / Sq Ft
07/07/2022 07/07/22 For Sale $975,000 +34.5% $1,044 / Sq Ft
11/22/2019 11/22/19 Sold $725,000 -17.1% $776 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $875,000 +62.6% $937 / Sq Ft
10/31/2012 10/31/12 Sold $538,000 -2.2% $568 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
09/11/2012 09/11/12 For Sale $550,000 -- $581 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First Hawaii Title Corporation
Warranty Deed -- First Hawaii Title Corporation
Warranty Deed $725,000 Fhtc
Warranty Deed $725,000 Fhtc
Warranty Deed $538,000 Or
Warranty Deed $538,000 Or
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Long & Melone
Warranty Deed -- First American Long & Melone
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $700,000 New Conventional
Previous Owner $880,000 New Conventional
Previous Owner $711,868 FHA
Previous Owner $516,000 New Conventional
Previous Owner $517,449 FHA
Previous Owner $100,000 No Value Available
Source: Public Records

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Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202513544

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-6-001-023-0000