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1525 Piikoi Street, Honolulu, HI, 96822
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1525 Piikoi Street, Honolulu, HI 96822

$2,190,000  $200,000 Multi-Family Home for sale 3,123 sqft Neighborhood:  Makiki Area
3 min walk to Piikoi Street Mini Park
5 min drive to Ala Moana Beach
5 min drive to Point Panic
5 min drive to Concessions
About lifestyles
This property boasts an exceptional location along Piikoi Street. The rental income is currently stable but presents significant potential for growth. Prospective new owners have the option to retain it as an income-producing property or leverage Bill 7 to develop a 34-unit apartment complex. Presently, a comprehensive 34-unit Bill 7 building plan is undergoing thorough review by the Department of Planning and Permitting (DPP). The sale package encompasses the newly devised building plan, a complete survey, and engineering reports. Notably, Piikoi Street is subject to a road widening plan. Nevertheless, the seller has secured a letter of approval from the DPP, granting permission for the construction of a 34-unit apartment. Furthermore, the sewer application has received official approval. The property consists of two existing structures: the front structures encompass 3 one-bedroom units and 5 studios, all inclusive of electricity and water in the rent. Additionally, 3 studios are located in the rear structure. It is worth noting that 2 out of the 11 units are equipped with dedicated gas meters.
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Multi-family details

1927 year built
  • Year Built 1927
  • Year Remodeled 1960
  • Original list price $2,390,000
  • Days on market 180
  • Building type Multi Dwellings
  • Price per sqft $701/sqft
  • Address

    1525 Piikoi Street, Honolulu, HI, 96822

  • Neighborhood Makiki Area
  • Land tenure FS - Fee Simple
  • Land SqFt 6,962 sqft
  • View None

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$11,167
Taxes
$527
HOA dues
$0
$11,694 per month
Mortgage
Down payment
$438,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $11,167 / month

Neighborhood: Makiki Area

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
13.33 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

11 total units
# of 1 Bd
4
# of 2 Bd
0
# of 3 Bd
0
Total Units
11

Amenities & Features

6 parking places
Stories
One
Furnished
None
Roof
Asphalt Shingle
Construction
Above Ground, Double Wall, Wood Frame
Utilities
Gas, Overhead Electricity, Water
Property Condition
Fair
Parking
Assigned
nr.of parking places
6
Amenities
A/C

Income

Net Operating Income: $77,713
Total Actual Rent
$10,775
Total Annual Operating Expenses
$51,587
Total Income
$129,300
Net Operating Income
$77,713

Makiki Area prices

Average price $563.04k
Neighborhood average sales price*
$563.04k
Neighborhood median sales price*
$549k
Number or sales*
21
Street median sales price*
$224.5k
Median sale price Makaha Surfside*
$224.5k
*last 6 months

Schools

15 schools with rating up to 5
School rating Distance
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
Elementary School
0.246mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
Middle School
0.328mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.18mi
School rating Distance
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.246mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.328mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.391mi
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.406mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.518mi
School rating Distance
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.328mi
5
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.403mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.518mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.566mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.644mi
School rating Distance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.18mi
5
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.462mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.518mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.566mi
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.609mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Expired Dec 29, 2023
Date Event Price $/sqft Source
Dec 29, 2023 Expired $1,100 $0.35 MLS #202324636
Oct 29, 2023 New Listing rental $1,100 +2.33% $0.35 MLS #202324636
Oct 3, 2023 Rented $1,075 $0.34 MLS #202319711
Aug 22, 2023 New Listing rental $1,075 +10.26% $0.34 MLS #202319711
Nov 15, 2022 Rented $975 $0.31 MLS #202217028
Aug 27, 2022 New Listing rental $975 +14.71% $0.31 MLS #202217028
Feb 19, 2022 Rented $850 $0.27 MLS #202202112
Feb 7, 2022 New Listing rental $850 -12.82% $0.27 MLS #202202112
Jan 14, 2022 Rented $975 $0.31 MLS #202129982
Dec 23, 2021 Back On Market $975 $0.31 MLS #202129982
Dec 13, 2021 Rented $975 $0.31 MLS #202129982
Dec 8, 2021 New Listing rental $975 -56.67% $0.31 MLS #202129982
Sep 1, 2021 Expired $1,595,000 $510.73 MLS #202012331
Aug 18, 2021 In Escrow - not showing $1,595,000 $510.73 MLS #202012331
Apr 25, 2021 Active Under Contract $1,595,000 $510.73 MLS #202012331
Mar 30, 2021 Back On Market $1,595,000 $510.73 MLS #202012331
Mar 1, 2021 Active Under Contract $1,595,000 $510.73 MLS #202012331
Feb 12, 2021 Price Decrease $1,595,000 -8.86% $510.73 MLS #202012331
Oct 6, 2020 Price Decrease $1,750,000 -6.17% $560.36 MLS #202012331
Sep 5, 2020 Price Increase $1,865,000 +10.03% $597.18 MLS #202012331
Sep 4, 2020 Price Decrease $1,695,000 -9.12% $542.75 MLS #202012331
Jun 3, 2020 New Listing $1,865,000 +118.13% $597.18 MLS #202012331
Dec 26, 2019 Expired $2,250 $0.72 MLS #201933176
Dec 3, 2019 New Listing rental $2,250 +15.38% $0.72 MLS #201933176
Dec 9, 2014 Cancelled $1,950 $0.62 MLS #201421786
Dec 6, 2014 New Listing rental $1,950 +136.36% $0.62 MLS #201421786
Mar 31, 2008 Rented $825 $0.26 MLS #2805251
Mar 29, 2008 Price Increase $825 +3.13% $0.26 MLS #2805251
Mar 28, 2008 New Listing rental $800 $0.26 MLS #2805251
May 1, 2005 Sold $855,000 -4.79% from last sold price $273.78 Public Record
Mar 4, 2005 In Escrow - not showing $898,000 $287.54 MLS #2502550
Feb 20, 2005 New Listing $898,000 $287.54 MLS #2502550
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Tax & MLS details 1525 Piikoi Street, Honolulu, HI, 96822

12 - A-2 Medium Density Apartme zoning / MLS #202322196
Current Property Taxes p/month
$527
Property Tax Year
2023
Assessed Improvement value
$155,700
Assessed Land value
$1,650,200
TMK
1-2-4-020-064-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Lot Description
Other
Property Setbacks
C&C, Of Record
Total Assessed value
$1,805,900
Listed by
Oceans Real Estate
office@oceanshawaii.com
MLS #
202322196
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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Recently sold nearby 1525 Piikoi Street in Makiki Area

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Frequently asked questions for 1525 Piikoi Street

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

This house was build in 1927.

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

1525 Piikoi Street, Honolulu, HI, 96822.

Are there beaches near 1525 Piikoi Street?

The nearest beach is 1.176 miles away, called Ala Moana Beach. It should take about 5 min drive.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Oceans Real Estate. 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 October 28, 2023.
Hawaii House Last checked 1 minute ago.

Multi-Family Home for sale $2,190,000  $200,000 1525 Piikoi Street, Honolulu, HI, 96822 3,123 sqft Save House Remove from Saved