Hawaii House
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48 N School Street, Honolulu, HI 96817

Multi-Family · Sold · Sold 09/28/2015 $1,720,000 $1,950,000

3 structures on one lot. 3 bedroom house with 2 studio rooms below w/bath. Wooden 4-plex. Hollow tile-4 plex-singled loaded with walkway, stairs and lanais. Needs TLC: Income & Expense Estimated. Great location for someone wanting a great project. Great Location. Great Potential. A Diamond in the rough. Seller reserves the right to do a 1031 Exchange but uncertain at this time. Survey is available. Do not disturb the tenants. Do not enter the property without Listing Agent. Addresses are 48-50 and 52 North School street. Try Google Earth for view. Corner lot by a lane.
Details
  • Original list price$2,500,000
  • Days on market287
  • Building typeApartments,Fourplex,Other
  • Address

    48 N School Street, Honolulu, HI, 96817

  • Year Built1955
  • NeighborhoodNuuanu-lower
  • Land tenureFS - Fee Simple
  • Land SqFt7857 sqft
  • ViewOther
Unit Information
  • # of 1 Bd8
  • # of 2 Bd0
  • # of 3 Bd1
  • Total Units11
Amenities & Features
  • StoriesOne, Two, Three
  • FurnishedPartial
  • RoofAsphalt Shingle, Other, Pitch & Gravel
  • ConstructionAbove Ground, Concrete, Hollow Tile, Single Wall, Wood Frame
  • UtilitiesCable, Gas, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionFair
  • ParkingCovered, Open, Tandem
  • nr.of parking places14
  • AmenitiesNone
Income
  • Total Actual Rent$8,600
  • Total Annual Operating Expenses$30,000
  • Total Income$103,000
  • Net Operating Income$73,000
Schools Nearby
  • Royal Elementary School1519 Queen Emma St, Honolulu, HI 96813
  • Washington Middle School1633 S King St, Honolulu, HI 96826
  • President William McKinley High School1039 S King St, Honolulu, HI 96814
Neighborhood - Nuuanu-lower
  • Neighborhood average sales price*$701.47k
  • Neighborhood median sales price*$662.5k
  • Number or sales*30
Price history
Date Event Price $/sqft Source
2015-09-28 Sold $1,720,000 +27.41% from last sold price 0 Public Record
2015-07-23 In Escrow - still showing $1,950,000 0 MLS 201423117
2015-07-10 Price Decrease $1,950,000 -13.33% 0 MLS 201423117
2015-02-22 Price Decrease $2,250,000 -10% 0 MLS 201423117
2014-12-15 New Listing $2,500,000 0 MLS 201423117
2006-01-06 Sold $1,350,000 0 Public Record
2006-01-01 Expired $1,500,000 0 MLS 2510678
2005-12-27 In Escrow - not showing $1,500,000 0 MLS 2510678
2005-11-06 In Escrow - still showing $1,500,000 0 MLS 2510678
2005-07-07 New Listing $1,500,000 0 MLS 2510678
Taxes
  • Current Property Taxes p/month$444
  • Property Tax Year2014
  • Assessed Improvement value$381,700
  • Assessed Land value$1,139,300
  • MLS #201423117
  • TMK1-1-7-009-047-0000
  • Land RecordedRegular System
  • Zoning11 - A-1 L
  • TopographyLevel
  • LocationCorner
  • Lot DescriptionOther
  • Property SetbacksC&C, Of Record
  • Total Assessed value$1,521,000
Agent viewpoints   of 48 N School Street, Honolulu, HI, 96817
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Sold $1,720,000 $1,950,000 48 N School Street, Honolulu, HI, 96817 Remove from Saved Save House