Hawaii House
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981 Prospect St, Honolulu, HI 96822

Home · Expired · 6 beds · 3 full 1 half baths · 2422 sqft · $1,295,000  $180,000

OVER 5.2% CAP RATE! 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 four. 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 currently occupied by family members). TOTAL REVENUE $6,950 per month. Gross per annum: $83,400 + $2,400 coin laundry revenue. Expenses ($17,610), Net Operating Income projected at $68,190 per annum. CAP RATE: 5.26%
Details
  • Original list price$1,595,000
  • Days on market234
  • Price per sqft$535/sqft
  • Baths3 full 1 half
  • Beds6
  • Address

    981 Prospect St, Honolulu, HI, 96822

  • Total area2422 sqft
  • Interior area2422 sqft
  • Land area4285 sqft
  • nr.of parking places5
  • Property typeDetach Single Family
  • Year Built1922
  • FrontageOther
  • PoolNone
  • NeighborhoodPunchbowl Area
  • City of OahuHonolulu
  • RegionHonolulu
  • IslandOahu
  • Land tenureFS - Fee Simple
  • ViewNone, Mountain, Other
  • Listing provided courtesy ofDonald Eovino, Eovino & Associates, Inc.
Amenities & Features
  • FloorsCeramic Tile
  • StoriesThree+
  • FurnishedNone
  • RoofAsphalt Shingle
  • ConstructionOther, Wood Frame
  • UtilitiesCable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionAverage
  • AmenitiesBedroom on 1st Floor, Full Bath on 1st Floor
  • InclusionsRange/Oven, Refrigerator
Schools
School ratingDistance
6
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
Elementary School
0.417mi
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.331mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.267mi
School ratingDistance
6
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.417mi
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.449mi
8
out of 10
Royal Elementary School
1519 Queen Emma St, Honolulu, HI 96813
0.5mi
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.584mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.628mi
School ratingDistance
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.331mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.628mi
NR
The Keystone School
1390 Miller Street, Honolulu, HI 96813
0.628mi
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.722mi
NR
Hongwanji Mission School
1728 Pali Hwy, Honolulu, HI 96813
0.729mi
School ratingDistance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.267mi
7
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.539mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.628mi
NR
The Keystone School
1390 Miller Street, Honolulu, HI 96813
0.628mi
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.655mi
Data provided by Greatschools.org
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$513.06k
  • Neighborhood median sales price*$455k
  • Number or sales*61
  • Street median sales price*$620k
Price history
Date Event Price $/sqft Source
Jun 7, 2018 Expired $1,295,000 $534.68 MLS 201713238
Jan 4, 2018 Temporarily Withdrawn $1,295,000 $534.68 MLS 201713238
Sep 29, 2017 Price Decrease $1,295,000 -12.2% $534.68 MLS 201713238
Sep 29, 2017 Back On Market $1,475,000 $609.00 MLS 201713238
Sep 10, 2017 Temporarily Withdrawn $1,475,000 $609.00 MLS 201713238
Jul 10, 2017 Price Decrease $1,475,000 -7.52% $609.00 MLS 201713238
Jun 14, 2017 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 #201712958
  • TMK1-2-4-015-032-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyDown Slope
  • LocationOther
  • 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
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Hawaii House
Home Expired $1,295,000  $180,000 981 Prospect St, Honolulu, HI, 96822 6 beds / 3 full 1 half baths / 2422 sqft Remove from Saved Save House