Hawaii House
e-mail

981 Prospect St, Honolulu, HI 96822

Multi-Family · For sale · 2422 sqft · $1,295,000  $180,000

REMODELED in 2016, 4-UNIT, MULTI-FAMILY INVESTMENT PROPERTY IN TOWN! Highly desirable Makiki/Punchbowl area. 4 separate units: Street Level - 4 bed/1-1/2 bath; 2nd floor - 1 bed/1-bath + 1 den; lower yard level (units 2 & 3) consist of 2 efficiencies (2 kitchenettes, 1 shared bath that open to a large backyard). Live in one unit and lease the others, or lease all three. Home has a 1-car garage. Currently Leased: Street Level: $3,100/mo; 2nd floor: $1950; Projected Monthly Lease: Lower Yard-Level 1: $975, Lower Yard-Level 2: $975 (these 2 are occupied by family members). TOTAL REVENUE $6,950 per month. Gross per annum: $83,400. NOI projected at $63,400 per annum.
Details
  • Original list price$1,595,000
  • Days on market140
  • Building typeOther
  • Price per sqft$535/sqft
  • Address

    981 Prospect St, Honolulu, HI, 96822

  • Year Built1922
  • NeighborhoodPunchbowl Area
  • Land tenureFS - Fee Simple
  • Land SqFt4285 sqft
  • ViewMountain
Unit Information
  • # of 1 Bd1
  • # of 2 Bd0
  • # of 3 Bd1
  • Total Units4
Amenities & Features
  • StoriesThree
  • FurnishedNone
  • RoofAsphalt Shingle
  • ConstructionOther, Wood Frame
  • UtilitiesCable, Internet, Other, Public Water
  • Property ConditionAverage
  • ParkingCovered, Open
  • nr.of parking places5
  • AmenitiesOther
Income
  • Total Actual Rent$6,950
  • Total Annual Operating Expenses$20,000
  • Total Income$6,950
  • Net Operating Income$63,400
Schools Nearby
-
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$453.26k
  • Neighborhood median sales price*$452.45k
  • Number or sales*54
  • Street median sales price*$549k
Price history
Date Event Price $/sqft Source
2017-09-29 Price Decrease $1,295,000 -12.2% $534.68 MLS 201713238
2017-09-29 Back On Market $1,475,000 $609.00 MLS 201713238
2017-09-10 Temporarily Withdrawn $1,475,000 $609.00 MLS 201713238
2017-07-10 Price Decrease $1,475,000 -7.52% $609.00 MLS 201713238
2017-06-14 New Listing $1,595,000 $658.55 MLS 201713238
Taxes
  • Current Property Taxes p/month$272
  • Property Tax Year2016
  • Assessed Improvement value$184,800
  • Assessed Land value$792,700
  • MLS #201713238
  • TMK1-2-4-015-032-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyDown Slope
  • Lot DescriptionOther
  • Property SetbacksC&C, Of Record
  • Total Assessed value$977,500
Agent viewpoints   of 981 Prospect St, Honolulu, HI, 96822
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

We do not have an Agent Viewpoint for this listing yet.

As soon as we do, we post it here.

Request more info
or Call 808-394-9779
Hawaii House
Multi-Family For sale $1,295,000  $180,000 981 Prospect St, Honolulu, HI, 96822 2422 sqft Remove from Saved Save House