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518 Ulumalu Street, Kailua, HI, 96734
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518 Ulumalu Street, Kailua, HI 96734

$1,550,000  $55,000 Multi-Family Home active under contract 0 sqft Neighborhood:  Pohakupu
4 min walk to Maunawili Neighborhood Park
4 min drive to the beach
5 min drive to Royal Hawaiian Golf Club
About lifestyles
Located in highly desirable Pohakupu neighborhood, lies this rare multi-family home. Conveniently located for commuters, with a neighborhood park just down the street. Views of Mt. Olomana and the majestic Ko'olau Mountain range behind. The main house is 3 bedrooms, 2 baths, and features an open kitchen, laundry room, and extra bonus rooms for office or nursery. Down a gated walkway to it's own private backyard, lies the detached LEGAL ADU 1/1 Cottage. Being a legal ADU, you can use the rental income to help you qualify with your Lender. Fully fenced in for pets, with beautiful landscaping and fruit trees, 2 storage sheds, and 22 Leased PV panels to keep electric bills down. This is your chance to get into Kailua and keep your mortgage payments down with the rental income, or great for extended family living. Don't let this one pass you by! Make this your new home today!!!
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Multi-family details

1960 year built
  • Year Built 1960
  • Year Remodeled 2019
  • Original list price $1,495,000
  • Days on market 11
  • Building type Multi Dwellings
  • Address

    518 Ulumalu Street, Kailua, HI, 96734

  • Neighborhood Pohakupu
  • Land tenure FS - Fee Simple
  • Land SqFt 7,500 sqft
  • View Mountain
  • Virtual Tour View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$7,903
Taxes
$380
HOA dues
$0
$8,283 per month
Mortgage
Down payment
$310,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $7,903 / month

Neighborhood: Pohakupu

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
13.83 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

2 total units
# of 1 Bd
1
# of 2 Bd
0
# of 3 Bd
1
Total Units
2

Amenities & Features

3 parking places
Stories
One
Roof
Asphalt Shingle, Composition
Construction
Above Ground, Concrete, Single Wall, Wood Frame
Utilities
Gas, Overhead Electricity, Public Water, Sewer Fee, Telephone
Property Condition
Above Average
Parking
Covered
nr.of parking places
3
Amenities
Storage

Income

Net Operating Income: $25,200
Total Actual Rent
$2,100
Total Annual Operating Expenses
Total Income
$25,200
Net Operating Income
$25,200

Pohakupu prices

Average price $870.78k
Neighborhood average sales price*
$870.78k
Neighborhood median sales price*
$905k
Number or sales*
16
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
9
out of 10
Maunawili Elementary School
1465 Ulupii St, Kailua, HI 96734
Elementary School
0.114mi
9
out of 10
Maunawili Elementary School
1465 Ulupii St, Kailua, HI 96734
Middle School
0.114mi
NR
Kailua Christian Academy
1276 Kailua Road, Kailua, HI 96734
High School
0.341mi
School rating Distance
9
out of 10
Maunawili Elementary School
1465 Ulupii St, Kailua, HI 96734
0.114mi
NR
Kailua Christian Academy
1276 Kailua Road, Kailua, HI 96734
0.341mi
6
out of 10
Kaelepulu Elementary School
530 Keolu Dr, Kailua, HI 96734
0.712mi
NR
Trinity Christian School
875 Auloa Road & 1110 Kailua Road, Kailua, HI 96734
0.831mi
NR
Le Jardin Academy
917 Kalanianaole Hwy, Kailua, HI 96734
1.023mi
School rating Distance
9
out of 10
Maunawili Elementary School
1465 Ulupii St, Kailua, HI 96734
0.114mi
NR
Kailua Christian Academy
1276 Kailua Road, Kailua, HI 96734
0.341mi
6
out of 10
Kaelepulu Elementary School
530 Keolu Dr, Kailua, HI 96734
0.712mi
NR
Trinity Christian School
875 Auloa Road & 1110 Kailua Road, Kailua, HI 96734
0.831mi
NR
Le Jardin Academy
917 Kalanianaole Hwy, Kailua, HI 96734
1.023mi
School rating Distance
NR
Kailua Christian Academy
1276 Kailua Road, Kailua, HI 96734
0.341mi
4
out of 10
Kailua High School
451 Ulumanu Dr, Kailua, HI 96734
0.491mi
NR
Trinity Christian School
875 Auloa Road & 1110 Kailua Road, Kailua, HI 96734
0.831mi
NR
Le Jardin Academy
917 Kalanianaole Hwy, Kailua, HI 96734
1.023mi
6
out of 10
Kalaheo High School
730 Iliaina St, Kailua, HI 96734
2.049mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Price Increase Jul 8, 2024
Date Event Price $/sqft Source
Jul 8, 2024 Price Increase $1,550,000 +3.68% 0 MLS #202414896
Jul 3, 2024 Active Under Contract $1,495,000 0 MLS #202414896
Jun 26, 2024 New Listing $1,495,000 0 MLS #202414896
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Tax & MLS details 518 Ulumalu Street, Kailua, HI, 96734

04 - R-7.5 Residential District zoning / MLS #202414896
Current Property Taxes p/month
$380
Property Tax Year
2023
Assessed Improvement value
$171,400
Assessed Land value
$1,230,000
TMK
1-4-2-031-003-0000
Land Recorded
Regular System
Zoning
04 - R-7.5 Residential District
Flood Zone
Zone X
Topography
Gentle Slope
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$1,401,400
Listed by
Coldwell Banker Realty
(808) 262-3104
MLS #
202414896
Hawaii House tour report for this multi-family home
No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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As soon as we do, we post it here.

Similar homes nearby 518 Ulumalu Street in Pohakupu

Recently sold nearby 518 Ulumalu Street in Pohakupu

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Frequently asked questions for 518 Ulumalu Street

When was this multi-family home built and last sold?

This house was build in 1960.

What is the full address of this multi-family home?

518 Ulumalu Street, Kailua, HI, 96734.

Are there beaches near 518 Ulumalu Street?

The nearest beach is 1.905 miles away. It should take about 4 min drive.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Coldwell Banker Realty. Some active listings appearing on this site may be listed by other REALTORS®. 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on July 08, 2024.
Hawaii House Last checked less than a minute ago.

Multi-Family Home active under contract $1,550,000  $55,000 518 Ulumalu Street, Kailua, HI, 96734 0 sqft Save House Remove from Saved