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1841 Palolo Ave, Honolulu, HI 96816
3 min walk to Palolo Valley District Park
7 min drive to The Wall
About lifestyles
Superb investment opportunity for 18 units (9 1-bdrm./9 2-bdrm.) 12,480 sf land area with all-concrete structure, 18 prkg. stalls. Projected '12 gross rents approx. $183000, NOI approx. $128000. Property behind Aloha Gas. Do not bother tenants. Seller to do IRC 1031 Exchange, property already chosen. Make offer, subject to inspection upon accepted offer. 'As is'. One unit vacant for showing.
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Multi-family details
1969 year built
- Year Built 1969
- Original list price $3,650,000
- Days on market 597
- Building type Apartments
- Price per sqft $502/sqft
-
Address
1841 Palolo Ave, Honolulu, HI, 96816
- Frontage Other
- Neighborhood Palolo
- Land tenure FS - Fee Simple
- Land SqFt 12,480 sqft
- View Mountain
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$17,285
Taxes
$8,722
HOA dues
$0
Mortgage
Down payment
$678,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$17,285 / month
Neighborhood: Palolo
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
12.67 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
18 total units
# of 1 Bd
9
# of 2 Bd
9
# of 3 Bd
0
Total Units
18
Amenities & Features
18 parking places
Stories
Three
Roof
Other
Construction
Concrete, Hollow Tile
Utilities
Cable, Gas, Internet, Other, Overhead Electricity, Public Water, Telephone, Water
Property Condition
Excellent
Parking
Assigned, Open
nr.of parking places
18
Amenities
Other
Income
Net Operating Income: $128,000
Total Actual Rent
$186,000
Total Annual Operating Expenses
$55,000
Total Income
$183,000
Net Operating Income
$128,000
Palolo prices
Average price $2.09m
Neighborhood average sales price*
$2.09m
Neighborhood median sales price*
$1.02m
Number or sales*
43
*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 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Palolo Elementary School
2106 10th Ave,
Honolulu, HI 96816
Elementary School
|
0.429mi |
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
Middle School
|
0.13mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
High School
|
0.897mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Palolo Elementary School
2106 10th Ave,
Honolulu, HI 96816
|
0.429mi |
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
|
0.765mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.954mi | |
|
Queen Lydia Liliuokalani Elementary School
3633 Waialae Ave,
Honolulu, HI 96816
|
0.977mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
|
0.13mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.899mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.954mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.995mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.899mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.995mi | |
|
St Francis School
2707 Pamoa Road,
Honolulu, HI 96822
|
1.035mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
1.065mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 26, 2018
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 26, 2018 | Sold | $5,220,000 +49.14% from last sold price | $773.33 | Public Record |
| Nov 30, 2017 | Active Under Contract | $5,395,000 | $799.26 | MLS #201713302 |
| Sep 25, 2017 | Price Decrease | $5,395,000 -9.33% | $799.26 | MLS #201713302 |
| Jun 16, 2017 | New Listing | $5,950,000 +8.28% | $881.48 | MLS #201713302 |
| Apr 26, 2017 | Cancelled | $5,495,000 | $814.07 | MLS #201706656 |
| Apr 4, 2017 | New Listing | $5,495,000 | $814.07 | MLS #201706656 |
| Mar 20, 2017 | Cancelled | $5,495,000 | $814.07 | MLS #201622199 |
| Sep 10, 2016 | New Listing | $5,495,000 +37.79% | $814.07 | MLS #201622199 |
| Aug 26, 2016 | Cancelled | $3,988,000 | $590.81 | MLS #201619152 |
| Aug 3, 2016 | New Listing | $3,988,000 +13.94% | $590.81 | MLS #201619152 |
| May 15, 2015 | Sold | $3,500,000 -2.78% from last sold price | $518.52 | Public Record |
| May 13, 2015 | In Escrow - not showing | $3,600,000 | $533.33 | MLS #201500530 |
| Feb 23, 2015 | Active Under Contract | $3,600,000 | $533.33 | MLS #201500530 |
| Feb 2, 2015 | New Listing | $3,600,000 | $533.33 | MLS #201500530 |
| Aug 14, 2014 | Expired | $3,600,000 | $533.33 | MLS #201401973 |
| Feb 14, 2014 | New Listing | $3,600,000 +6.19% | $533.33 | MLS #201401973 |
| Jun 15, 2013 | Expired | $3,390,000 | $502.22 | MLS #1206726 |
| Mar 13, 2013 | Back On Market | $3,390,000 | $502.22 | MLS #1206726 |
| Feb 21, 2013 | Active Under Contract | $3,390,000 | $502.22 | MLS #1206726 |
| Oct 5, 2012 | Price Decrease | $3,390,000 -7.12% | $502.22 | MLS #1206726 |
| Jun 15, 2012 | New Listing | $3,650,000 +4.43% | $540.74 | MLS #1206726 |
| Apr 24, 2010 | Expired | $3,495,000 | $517.78 | MLS #2906020 |
| May 1, 2009 | New Listing | $3,495,000 | $517.78 | MLS #2906020 |
| Jan 29, 2009 | Expired | $3,495,000 | $517.78 | MLS #2801830 |
| May 11, 2008 | Price Decrease | $3,495,000 -2.92% | $517.78 | MLS #2801830 |
| Jan 29, 2008 | New Listing | $3,600,000 +28.57% | $533.33 | MLS #2801830 |
| Sep 6, 2007 | Sold | $2,800,000 | $414.81 | Public Record |
| Sep 6, 2007 | New Listing | $2,800,000 -3.45% | $414.81 | MLS #2716404 |
| Aug 18, 2007 | Expired | $2,900,000 | $429.63 | MLS #2615502 |
| Jun 25, 2007 | Active Under Contract | $2,900,000 | $429.63 | MLS #2615502 |
| Aug 17, 2006 | New Listing | $2,900,000 -1.69% | $429.63 | MLS #2615502 |
| Aug 1, 2006 | Cancelled | $2,950,000 | $437.04 | MLS #2520687 |
| Feb 4, 2006 | Price Decrease | $2,950,000 -7.81% | $437.04 | MLS #2520687 |
| Nov 30, 2005 | New Listing | $3,200,000 | $474.07 | MLS #2520687 |
Tax & MLS details 1841 Palolo Ave, Honolulu, HI, 96816
05 - R-5 Residential District zoning / MLS #1206726
Current Property Taxes p/month
$8,722
Property Tax Year
2011
Assessed Improvement value
$908,700
Assessed Land value
$1,585,000
TMK
1-3-3-039-007-0000
Land Recorded
Land Court
Zoning
05 - R-5 Residential District
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Flag Lot
Property Setbacks
Of Record
Total Assessed value
$2,493,700
Listed by
Quality Properties
MLS #
1206726
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Frequently asked questions for 1841 Palolo 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?
1841 Palolo Ave, Honolulu, HI, 96816.
Are there beaches near 1841 Palolo Ave?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Quality Properties. 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 May 25, 2024.
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