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1242 6th Ave, Honolulu, HI, 96816
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1242 6th Ave, Honolulu, HI 96816

$4,000,000 Multi-Family Home active under contract 7,920 sqft Neighborhood:  Palolo
5 min walk to Pukele Avenue Mini Park
6 min drive to Waikiki Beach
5 min drive to Ala Wai Golf Course
5 min drive to The Wall
5 min drive to Publics
About lifestyles
Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 11 open parking stalls on a large 13,965 sqft lot. The building is 7,920 sq. ft. in total, with exceptionally large living space for each unit! On the ground floor, there are 5 units: (1x) 1 bed/1 bath with unit washer/dryer, (4x) two beds/1 bath. On the upper floor, there are 5 units: (4x) 2 beds/1 bath and (1x) 2 beds with 1.5 bath. Upper units have balconies with own hot water tank, and ground-floor units have backyards, each with own hot water tank and additional extensive greenery surrounding the building with trees. Building features a coin-operated laundry area for extra income, separately metered electricity, and one sewer. Current rents are under the market. The building has higher rental income potential and is ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops. Unique opportunity to purchase this two-story building at a location rarely available!
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Multi-family details

1969 year built
Year Built
1969
Original list price
$4,000,000
Days on market
67
Building type
Apartments,Multi Dwellings
Price per sqft
$505/sqft
Address

1242 6th Ave, Honolulu, HI, 96816

Frontage
Other
Neighborhood
Palolo
Land tenure
FS - Fee Simple
Land SqFt
13,965 sqft
View
Mountain

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$20,395
Taxes
$1,159
HOA dues
$0
$21,554 per month
Mortgage
Down payment
$800,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $20,395 / month

Neighborhood: Palolo

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
16.33 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

10 total units
# of 1 Bd
1
# of 2 Bd
9
# of 3 Bd
0
Total Units
10

Amenities & Features

10 parking places
Stories
Two
Furnished
Partial
Roof
Other
Construction
Concrete
Utilities
Gas, Internet, Overhead Electricity, Public Water, Telephone
Property Condition
Above Average, Average
Parking
Assigned, Open
nr.of parking places
10
Amenities
None

Income

Net Operating Income: $1
Total Actual Rent
$1
Total Annual Operating Expenses
$1
Total Income
$1
Net Operating Income
$1

Palolo prices

Average price $1.22m
Neighborhood average sales price*
$1.22m
Neighborhood median sales price*
$1.23m
Number or sales*
7
*last 6 months

About Palolo

The neighborhood of Palolo is one of last of the more affordable neighborhoods in Honolulu, Oahu. Palolo Valley is an older neighborhood like many of the surrounding neighborhoods. The first homes were built here in the 1920s, but the vast majority of hom Read more

Price history

Active Under Contract May 10, 2023
Date Event Price $/sqft Source
May 10, 2023 Active Under Contract $4,000,000 $505.05 MLS #202306592
Mar 21, 2023 New Listing $4,000,000 $505.05 MLS #202306592
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Activity

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56
times viewed
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favorited

Tax & MLS details 1242 6th Ave, Honolulu, HI, 96816

11 - A-1 Low Density Apartment zoning / MLS #202306592
Current Property Taxes p/month
$1,159
Property Tax Year
2022
Assessed Improvement value
$441,500
Assessed Land value
$3,892,100
TMK
1-3-3-003-021-0000
Land Recorded
Regular System
Zoning
11 - A-1 Low Density Apartment
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Other
Property Setbacks
C&C
Total Assessed value
$4,333,600
Listed by
Island, REALTORS
(808) 687-8000
MLS #
202306592
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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We do not have a Hawaii House tour report for this listing yet.
As soon as we do, we post it here.

Similar homes nearby 1242 6th Ave in Palolo

Recently sold nearby 1242 6th Ave in Palolo

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Frequently asked questions for 1242 6th Ave

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

This house was build in 1969.

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

1242 6th Ave, Honolulu, HI, 96816.

Are there beaches near 1242 6th Ave?

The nearest beach is 1.523 miles away, called Waikiki Beach. It should take about 6 min drive.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 05-27-2023. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of Island, REALTORS. 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.

Multi-Family Home active under contract $4,000,000 1242 6th Ave, Honolulu, HI, 96816 7,920 sqft Save House Remove from Saved