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48 N School Street, Honolulu, HI 96817
< 1 min walk to Liliuokalani Botanical Garden
5 min drive to Point Panic
4 min drive to Flies
About lifestyles
This A-1 zoned property currently has three buildings: a 5 bed/2 bath house with basement, and two 4-unit walk-up apartments with one bed/one bath units, all separately metered, 13 parking stalls, and a coin operated laundry area.
BILL 7 REDEVELOPMENT OPPORTUNITY:
The purpose of the City and County of Honolulu’s Bill 7 is to establish a temporary program to accelerate the construction of affordable rental housing in the apartment and business mixed use zoning districts by relaxing certain zoning and building code standards, and offering certain financial incentives.
The seller contracted with ahl architects to examine the feasibility for Bill 7 application to this property. ahl architects determined that this plot would qualify under Bill 7 and would allow for the development of a 40 to 56 unit apartment building with maximum use of the floor to area ratio. Due to its location off the H-1 freeway, with convenient access to downtown Honolulu and all areas of the island, this is an ideal spot for redevelopment under Bill 7.
Learn more about the redevelopment and the property's current condition at our commercial properties page.
Read more
Multi-family details
1955 year built
- Year Built 1955
- Original list price $3,000,000
- Days on market 329
- Building type Apartments,Multi Dwellings
-
Address
48 N School Street, Honolulu, HI, 96817
- Frontage Other
- Neighborhood Nuuanu-lower
- Land tenure FS - Fee Simple
- Land SqFt 7,857 sqft
- View City, Garden, Mountain
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$15,297
Taxes
$522
HOA dues
$0
Mortgage
Down payment
$600,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$15,297 / month
Neighborhood: Nuuanu-lower
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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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
13.83 / 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
9 total units
# of 1 Bd
8
# of 2 Bd
0
# of 3 Bd
1
Total Units
9
Amenities & Features
13 parking places
Stories
Three
Roof
Other
Construction
Other, Wood Frame
Utilities
Gas
Property Condition
Average
Parking
Assigned
nr.of parking places
13
Amenities
None
Income
Net Operating Income: $130,320
Total Actual Rent
$13,466
Total Annual Operating Expenses
$33,880
Total Income
$164,200
Net Operating Income
$130,320
Nuuanu-lower prices
Average price $972.67k
Neighborhood average sales price*
$972.67k
Neighborhood median sales price*
$998.25k
Number or sales*
16
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Soto Academy
1708 Nuuanu Avenue,
Honolulu, HI 96817
Elementary School
|
0.111mi | |
|
Cathedral Catholic Academy
1728 Nuuanu Avenue,
Honolulu, HI 96817
Middle School
|
0.157mi | |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
High School
|
0.305mi |
| School rating | Distance | |
|---|---|---|
|
Soto Academy
1708 Nuuanu Avenue,
Honolulu, HI 96817
|
0.111mi | |
|
Cathedral Catholic Academy
1728 Nuuanu Avenue,
Honolulu, HI 96817
|
0.157mi | |
| out of 10 |
Kauluwela Elementary School
1486 Aala St,
Honolulu, HI 96817
|
0.23mi |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.274mi | |
|
Hawaii Baptist Academy - Elementary
21 Bates Street,
Honolulu, HI 96817
|
0.361mi |
| School rating | Distance | |
|---|---|---|
|
Cathedral Catholic Academy
1728 Nuuanu Avenue,
Honolulu, HI 96817
|
0.157mi | |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.274mi | |
| out of 10 |
Prince David Kawananakoa Middle School
49 Funchal St,
Honolulu, HI 96813
|
0.372mi |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.414mi |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.52mi |
| School rating | Distance | |
|---|---|---|
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.305mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.52mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.596mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.596mi | |
|
Academy Of The Pacific
913 Alewa Drive,
Honolulu, HI 96817
|
0.918mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Rented Mar 30, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 30, 2023 | Rented | $1,500 | 0 | MLS #202306360 |
| Mar 16, 2023 | New Listing rental | $1,500 -40% | 0 | MLS #202306360 |
| Oct 19, 2020 | Rented | $2,500 | 0 | MLS #202023282 |
| Sep 25, 2020 | Price Decrease | $2,500 -16.53% | 0 | MLS #202023282 |
| Sep 6, 2020 | New Listing rental | $2,995 +131.27% | 0 | MLS #202023282 |
| Apr 16, 2019 | Rented | $1,295 | 0 | MLS #201910405 |
| Apr 10, 2019 | New Listing rental | $1,295 | 0 | MLS #201910405 |
| Sep 1, 2018 | Expired | $1,295 | 0 | MLS #201818316 |
| Jul 15, 2018 | New Listing rental | $1,295 | 0 | MLS #201818316 |
| May 1, 2018 | Expired | $1,295 | 0 | MLS #201803749 |
| Feb 11, 2018 | Hold | $1,295 | 0 | MLS #201803749 |
| Feb 7, 2018 | New Listing rental | $1,295 | 0 | MLS #201803749 |
Tax & MLS details 48 N School Street, Honolulu, HI, 96817
11 - A-1 Low Density Apartment zoning / MLS #202129420
Current Property Taxes p/month
$522
Property Tax Year
2020
Assessed Improvement value
$339,300
Assessed Land value
$1,285,700
TMK
1-1-7-009-047-0000
Land Recorded
Regular System
Zoning
11 - A-1 Low Density Apartment
Flood Zone
Zone X
Topography
Level
Location
Corner
Lot Description
Clear
Property Setbacks
Of Record
Total Assessed value
$1,625,000
Listed by
Hawaii Sands Realty
MLS #
202129420
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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Frequently asked questions for 48 N School Street
When was this multi-family home built and last sold?
This house was build in 1955.
What is the full address of this multi-family home?
48 N School Street, Honolulu, HI, 96817.
Are there beaches near 48 N School Street?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Hawaii Sands Realty. 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 June 22, 2023.
Hawaii House Last checked less than a minute ago.
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