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1218 N King Street, Honolulu, HI, 96817
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1218 N King Street, Honolulu, HI 96817

$4,600,000  $200,000 Multi-Family Home for sale 10,785 sqft Neighborhood:  Kapalama
7 min walk to Auld Lane Mini Park
5 min drive to Fort Shafter Golf Course
6 min drive to Point Panic
5 min drive to Flies
About lifestyles
Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 6 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 bonus warehouse unit (approx 645sf). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has 1:1 parking (some covered), and access from Long Lane via N King. Opportunity to create better cash flow with minimal cap expenditure due to below market rents.
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Multi-family details

1970 year built
  • Year Built 1970
  • Year Remodeled 2022
  • Original list price $5,000,000
  • Days on market 277
  • Building type Apartments,Multi Dwellings
  • Price per sqft $427/sqft
  • Address

    1218 N King Street, Honolulu, HI, 96817

  • Frontage Other
  • Neighborhood Kapalama
  • Land tenure FS - Fee Simple
  • Land SqFt 9,507 sqft
  • View Mountain, Other, Sunrise, Sunset
  • Virtual Tour View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$23,455
Taxes
$3,160
HOA dues
$0
$26,615 per month
Mortgage
Down payment
$920,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $23,455 / month

Neighborhood: Kapalama

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
17.33 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

20 total units
# of 1 Bd
9
# of 2 Bd
4
# of 3 Bd
1
Total Units
20

Amenities & Features

20 parking places
Stories
Three
Furnished
Partial
Roof
Custom/Specialty
Construction
Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Covered, Tandem
nr.of parking places
20
Amenities
None

Income

Net Operating Income: $210,739
Total Actual Rent
$24,450
Total Annual Operating Expenses
$88,661
Total Income
$295,900
Net Operating Income
$210,739

Kapalama prices

Average price $1.28m
Neighborhood average sales price*
$1.28m
Neighborhood median sales price*
$1.06m
Number or sales*
8
Street median sales price*
$1.15m
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
2
out of 10
Princess Victoria Kaiulani Elementary School
783 North King St, Honolulu, HI 96817
Elementary School
0.395mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
Middle School
0.314mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
High School
0.314mi
School rating Distance
2
out of 10
Princess Victoria Kaiulani Elementary School
783 North King St, Honolulu, HI 96817
0.395mi
4
out of 10
Princess Miriam K Likelike Elementary School
1618 Palama St, Honolulu, HI 96817
0.416mi
5
out of 10
Kalihi Kai Elementary School
626 McNeill St, Honolulu, HI 96817
0.524mi
9
out of 10
Kapalama Elementary School
1601 North School St, Honolulu, HI 96817
0.542mi
7
out of 10
Lanakila Elementary School
717 North Kuakini St, Honolulu, HI 96817
0.589mi
School rating Distance
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.314mi
5
out of 10
King David Kalakaua Middle School
821 Kalihi St, Honolulu, HI 96819
0.432mi
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
0.599mi
NR
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd, Honolulu, HI 96817
0.648mi
NR
St Anthony School
640 Puuhale Road, Honolulu, HI 96819
0.865mi
School rating Distance
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.314mi
3
out of 10
Governor Wallace Rider Farrington High School
1564 North King St, Honolulu, HI 96817
0.379mi
NR
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd, Honolulu, HI 96817
0.648mi
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
0.922mi
NR
Academy Of The Pacific
913 Alewa Drive, Honolulu, HI 96817
1.002mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Price Decrease Feb 6, 2024
Date Event Price $/sqft Source
Feb 6, 2024 Price Decrease $4,600,000 -4.17% $426.52 MLS #202311573
Oct 26, 2023 Back On Market $4,800,000 $445.06 MLS #202311573
Oct 26, 2023 Price Decrease $4,800,000 -2.04% $445.06 MLS #202311573
Sep 29, 2023 Active Under Contract $4,900,000 $454.33 MLS #202311573
Aug 10, 2023 Price Decrease $4,900,000 -2% $454.33 MLS #202311573
May 31, 2023 New Listing $5,000,000 $463.61 MLS #202311573
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Tax & MLS details 1218 N King Street, Honolulu, HI, 96817

33 - BMX-3 Community Business M zoning / MLS #202311568
Current Property Taxes p/month
$3,160
Property Tax Year
2023
Assessed Improvement value
$967,500
Assessed Land value
$2,093,500
TMK
1-1-6-002-063-0000
Land Recorded
Regular System
Zoning
33 - BMX-3 Community Business M
Flood Zone
Zone X
Topography
Level
Location
Corner
Lot Description
Clear
Property Setbacks
C&C, Of Record
Total Assessed value
$3,061,000
Listed by
Commercial Inv. Strategies
(808) 429-1098
MLS #
202311568
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 1218 N King Street

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

This house was build in 1970.

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

1218 N King Street, Honolulu, HI, 96817.

Are there beaches near 1218 N King Street?

No, there aren't.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. 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 March 07, 2024.
Hawaii House Last checked 1 minute ago.

Multi-Family Home for sale $4,600,000  $200,000 1218 N King Street, Honolulu, HI, 96817 10,785 sqft Save House Remove from Saved