Hawaii House
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1561 Miller Street, Honolulu, HI 96813

Multi-Family · Sold · Sold 08/17/2015 $880,000 $908,000

Well Priced, well-constructed 2 story apartment building with 5 units on quiet street. Cosmetically upgraded and remodeled in 2006. No Off-Street Parking but plenty of On-Street parking available. Electric and Gas separately metered and paid by tenants. Several long term tenants. Effective Cap Rate is 6.1%. Expenses include: Property Taxes, Water/Sewer, Legal Fees, Supplies, Insurance, Repairs & Maintenance and G.E.T. No Landlord Electricity charges. Building is presently Self-Managed and saves $4,500/yr.
Details
  • Original list price$908,000
  • Days on market231
  • Building typeApartments
  • Address

    1561 Miller Street, Honolulu, HI, 96813

  • Year Built1938
  • NeighborhoodPunchbowl-lower
  • Land tenureFS - Fee Simple
  • Land SqFt3182 sqft
  • ViewCity
Unit Information
  • # of 1 Bd2
  • # of 2 Bd3
  • # of 3 Bd0
  • Total Units5
Amenities & Features
  • StoriesTwo
  • RoofAsphalt Shingle
  • ConstructionSingle Wall, Wood Frame
  • UtilitiesCable, Internet, Overhead Electricity, Public Water, Telephone
  • Property ConditionAbove Average
  • ParkingNone
  • AmenitiesNone
Income
  • Total Actual Rent$6,260
  • Total Annual Operating Expenses$19,548
  • Total Income$75,120
  • Net Operating Income$55,697
Schools Nearby
-
Neighborhood - Punchbowl-lower
  • Neighborhood average sales price*$375.3k
  • Neighborhood median sales price*$299.5k
  • Number or sales*33
Price history
Date Event Price $/sqft Source
2015-08-17 Sold $880,000 0 Public Record
2015-07-20 In Escrow - not showing $908,000 0 MLS 201423467
2015-07-17 In Escrow - still showing $908,000 0 MLS 201423467
2015-07-17 In Escrow - not showing $908,000 0 MLS 201423467
2015-06-18 Back On Market $908,000 0 MLS 201423467
2015-06-05 In Escrow - still showing $908,000 0 MLS 201423467
2014-12-29 New Listing $908,000 0 MLS 201423467
2014-12-09 Withdrawn $908,000 0 MLS 201416718
2014-08-15 New Listing $908,000 0 MLS 201416718
2014-07-21 Withdrawn $908,000 0 MLS 1301378
2014-06-29 Price Decrease $908,000 -1.2% 0 MLS 1301378
2014-05-08 Back On Market $919,000 0 MLS 1301378
2014-04-23 In Escrow - still showing $919,000 0 MLS 1301378
2013-11-05 Price Decrease $919,000 -1.13% 0 MLS 1301378
2013-09-24 Price Decrease $929,500 -2.67% 0 MLS 1301378
2013-09-04 Price Decrease $955,000 -2.05% 0 MLS 1301378
2013-05-29 Price Decrease $975,000 -1.42% 0 MLS 1301378
2013-05-06 Price Decrease $989,000 -0.9% 0 MLS 1301378
2013-04-24 Price Decrease $998,000 -2.63% 0 MLS 1301378
2013-03-25 Price Decrease $1,025,000 -6.65% 0 MLS 1301378
2013-02-05 New Listing $908,000 0 MLS 1301378
2010-10-08 Expired $980,000 0 MLS 2913565
2009-10-14 New Listing $980,000 0 MLS 2913565
2008-11-26 Expired $980,000 0 MLS 2720674
2008-06-19 Temporarily Withdrawn $980,000 0 MLS 2720674
2008-06-02 Price Decrease $980,000 -18.27% 0 MLS 2720674
2008-06-02 Back On Market $1,199,000 0 MLS 2720674
2008-03-26 Temporarily Withdrawn $1,199,000 0 MLS 2720674
2007-11-29 New Listing $1,199,000 0 MLS 2720674
2007-11-18 Withdrawn $1,199,000 0 MLS 2712819
2007-10-16 Price Increase $1,199,000 +15.29% 0 MLS 2712819
2007-10-03 Price Increase $1,040,000 +5.05% 0 MLS 2712819
2007-10-03 Price Decrease $990,000 -17.43% 0 MLS 2712819
2007-07-08 New Listing $1,199,000 0 MLS 2712819
Taxes
  • Current Property Taxes p/month$158
  • Property Tax Year2014
  • Assessed Improvement value$100,300
  • Assessed Land value$441,800
  • MLS #201423467
  • TMK1-2-1-038-025-0000
  • Land RecordedRegular System
  • Zoning12 - A-2 M
  • TopographyLevel
  • LocationInside
  • Lot DescriptionOther
  • Property SetbacksC&C
  • Total Assessed value$542,100
Agent viewpoints   of 1561 Miller Street, Honolulu, HI, 96813
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Sold $880,000 $908,000 1561 Miller Street, Honolulu, HI, 96813 Remove from Saved Save House