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

$3,415,000 $3,700,000 Multi-Family Home sold 7,920 sqft Neighborhood:  Palolo Sold 04/01/2024 $3,415,000 $3,700,000
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
OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
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Multi-family details

1969 year built
  • Year Built 1969
  • Original list price $4,000,000
  • Days on market 378
  • Building type Apartments,Multi Dwellings
  • Price per sqft $431/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
$17,413
Taxes
$1,159
HOA dues
$0
$18,572 per month
Mortgage
Down payment
$683,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $17,413 / 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 $849.4k
Neighborhood average sales price*
$849.4k
Neighborhood median sales price*
$780k
Number or sales*
47
Street median sales price*
$995k
*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

Schools

15 schools with rating up to 10
School rating Distance
10
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
Elementary School
0.064mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
Middle School
0.217mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
High School
0.253mi
School rating Distance
10
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
0.064mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.217mi
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
0.561mi
8
out of 10
Hokulani Elementary School
2940 Kamakini St, Honolulu, HI 96816
0.576mi
7
out of 10
King Liholiho Elementary School
3430 Maunaloa Ave, Honolulu, HI 96816
0.583mi
School rating Distance
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.217mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.253mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.648mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.648mi
5
out of 10
William P Jarrett Middle School
1903 Palolo Ave, Honolulu, HI 96816
0.884mi
School rating Distance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.253mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.648mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.648mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.719mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
1.078mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Apr 1, 2024
Date Event Price $/sqft Source
Apr 1, 2024 Sold $3,415,000 $431.19 Public Record
Feb 27, 2024 Active Under Contract $3,700,000 $467.17 MLS #202306592
Feb 6, 2024 Price Decrease $3,700,000 -7.5% $467.17 MLS #202306592
Oct 23, 2023 Back On Market $4,000,000 $505.05 MLS #202306592
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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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 and sold in 2024.

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. Copyright 2024 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.

Listings last updated on June 14, 2024.
Hawaii House Last checked 1 minute ago.

Multi-Family Home sold $3,415,000 $3,700,000 1242 6th Ave, Honolulu, HI, 96816 7,920 sqft Save House Remove from Saved