Hawaii House
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1551 Thurston Ave, Honolulu, HI 96822

Multi-Family · Withdrawn · 8242 sqft · $2,300,000

Makiki Terrace Apartment consists of eighteen apartment units in three (3) walk-up apartment buildings. Property exterior has been recently painted. Stabilized NOI and solid history of stable occupancy. Offered at a 6.39% CAP on ACTUAL INCOME including managment fee. Best deal in Makiki for income and price per unit.
Details
  • Original list price$2,350,000
  • Days on market725
  • Building typeApartments,Fourplex,Multi Dwellings
  • Price per sqft$279/sqft
  • Address

    1551 Thurston Ave, Honolulu, HI, 96822

  • Year Built1954
  • NeighborhoodPunchbowl Area
  • Land tenureFS - Fee Simple
  • Land SqFt8699 sqft
  • ViewCity, Mountain, Ocean
Unit Information
  • # of 1 Bd16
  • # of 2 Bd0
  • # of 3 Bd1
  • Total Units18
Amenities & Features
  • StoriesThree, Two
  • FurnishedPartial
  • RoofAsphalt Shingle, Composition, Pitch & Gravel
  • ConstructionConcrete, Hollow Tile, Single Wall
  • UtilitiesCable, Connected, Internet, Overhead Electricity, Public Water, Telephone, Water
  • Property ConditionAbove Average, Average
  • ParkingAssigned, Covered
  • nr.of parking places9
  • AmenitiesNone
Income
  • Total Actual Rent$1
  • Total Annual Operating Expenses$64,860
  • Total Income$211,800
  • Net Operating Income$146,940
Schools
School ratingDistance
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
Elementary School
0.309mi
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.313mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.11mi
School ratingDistance
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.309mi
6
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.451mi
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.486mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.564mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.567mi
School ratingDistance
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.313mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.567mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.752mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.761mi
NR
The Keystone School
1390 Miller Street, Honolulu, HI 96813
0.761mi
School ratingDistance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.11mi
7
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.477mi
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.592mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.752mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.761mi
Data provided by Greatschools.org
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$693.39k
  • Neighborhood median sales price*$447.5k
  • Number or sales*50
  • Street median sales price*$365k
Price history
Date Event Price $/sqft Source
Dec 10, 2012 Withdrawn $2,300,000 $279.06 MLS 1206986
Aug 7, 2012 Price Decrease $2,300,000 -2.13% $279.06 MLS 1206986
Jun 21, 2012 New Listing $2,350,000 $285.12 MLS 1206986
Mar 22, 2012 Withdrawn $2,350,000 $285.12 MLS 1201034
Jan 27, 2012 New Listing $2,350,000 $285.12 MLS 1201034
Jan 9, 2012 Withdrawn $2,488,000 $301.87 MLS 1113137
Jan 9, 2012 Temporarily Withdrawn $2,488,000 $301.87 MLS 1113137
Nov 1, 2011 New Listing $2,488,000 $301.87 MLS 1113137
Aug 18, 2011 Sold $1,788,000 $216.94 Public Record
Apr 27, 2011 In Escrow - still showing $1,788,000 $216.94 MLS 1104967
Apr 25, 2011 Price Increase $1,788,000 +10.03% $216.94 MLS 1104967
Apr 25, 2011 New Listing $1,625,000 $197.16 MLS 1104967
Taxes
  • Current Property Taxes p/month$5,687
  • Property Tax Year2011
  • Assessed Improvement value$354,700
  • Assessed Land value$1,321,800
  • MLS #1206986
  • TMK1-2-4-017-025-0000
  • Land RecordedRegular System
  • Zoning12 - A-2 M
  • TopographyDown Slope,Level
  • LocationOther
  • Lot DescriptionOther
  • Property SetbacksOf Record
  • Total Assessed value$1,676,500
Agent viewpoints   of 1551 Thurston Ave, Honolulu, HI, 96822
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Withdrawn $2,300,000 1551 Thurston Ave, Honolulu, HI, 96822 8242 sqft Remove from Saved Save House