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507 Iolani Ave, Honolulu, HI 96813
4 min walk to Dole Community Park
- min drive to surf
About lifestyles
PRICED BELOW APPRAISAL VALUE! SPECTACULAR INVESTMENT OPPORTUNITY! RARE FIND! Complete Renovation of this Multi-4plex, 2 level rental property with apartment zoning. The lower level has 2-bed/2ba units and the upper level has 2bed/2ba, 2bed/1.5ba units. New Whirlpool and Samsung models appliances for each unit. Upper level unit C has a nice ocean view from bedroom and patio. Each apartment has their own washer/dryer and electric meters. New Sewer- 4 Brand New Water heaters. A common gate lock code for each tenant. Enclosed a detached 2 car garage at street level and driveway for another 2 cars. Great location, near Downtown, Pali, walk to bus stop, short distance to Ward Ave, minutes to Kakaako area, Safeway/Longs, Queen/Straub Hospitals and H-1 Fwy. Estimate rental inc from $8000-$9000.
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Multi-family details
1937 year built
- Year Built 1937
- Year Remodeled 2020
- Original list price $1,438,000
- Days on market 1197
- Building type Fourplex
- Price per sqft $501/sqft
-
Address
507 Iolani Ave, Honolulu, HI, 96813
- Frontage Other
- Neighborhood Punchbowl-lower
- Land tenure FS - Fee Simple
- Land SqFt 3,514 sqft
- View City, Ocean, Sunset
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$7,332
Taxes
$129
HOA dues
$0
Mortgage
Down payment
$287,600 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$7,332 / month
Neighborhood: Punchbowl-lower
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
15.67 / 20
Very 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
4 total units
# of 1 Bd
0
# of 2 Bd
4
# of 3 Bd
0
Total Units
4
Amenities & Features
2 parking places
Stories
Two
Furnished
Partial
Roof
Aluminum/Steel
Construction
Above Ground, Double Wall, Wood Frame
Utilities
Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned, Covered
nr.of parking places
2
Amenities
Storage
Income
Net Operating Income: $90,000
Total Actual Rent
$2,000
Total Annual Operating Expenses
$6,000
Total Income
$8,000
Net Operating Income
$90,000
Punchbowl-lower prices
Average price $1.4m
Neighborhood average sales price*
$1.4m
Neighborhood median sales price*
$1.3m
Number or sales*
5
*last 6 months
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
Elementary School
|
0.283mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
Middle School
|
0.301mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
High School
|
0.301mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.283mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.301mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.388mi | |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.524mi | |
|
Kawaiaha'o Church School
872 Mission Lane,
Honolulu, HI 96813
|
0.636mi |
| School rating | Distance | |
|---|---|---|
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.301mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.301mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.388mi | |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.417mi |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.524mi |
| School rating | Distance | |
|---|---|---|
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.301mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.301mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.388mi | |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.455mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.541mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 13, 2021
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 13, 2021 | Sold | $1,450,000 | $505.58 | Public Record |
| Nov 20, 2020 | Under contract | $1,438,000 | $501.39 | MLS #202028793 |
| Nov 12, 2020 | New Listing | $1,438,000 -3.81% | $501.39 | MLS #202028793 |
| Nov 7, 2020 | Withdrawn | $1,495,000 | $521.27 | MLS #202024066 |
| Oct 24, 2020 | Back On Market | $1,495,000 | $521.27 | MLS #202024066 |
| Oct 12, 2020 | Under contract | $1,495,000 | $521.27 | MLS #202024066 |
| Oct 5, 2020 | New Listing | $1,495,000 +66.3% | $521.27 | MLS #202024066 |
| Nov 14, 2007 | Withdrawn | $899,000 | $313.46 | MLS #2715195 |
| Sep 30, 2007 | Price Decrease | $899,000 -3.23% | $313.46 | MLS #2715195 |
| Aug 15, 2007 | New Listing | $929,000 +154.52% | $323.92 | MLS #2715195 |
| May 11, 2001 | Withdrawn | $365,000 | $127.27 | MLS #2103038 |
| Apr 27, 2001 | Price Decrease | $365,000 -7.59% | $127.27 | MLS #2103038 |
| Mar 26, 2001 | New Listing | $395,000 | $137.73 | MLS #2103038 |
Tax & MLS details 507 Iolani Ave, Honolulu, HI, 96813
12 - A-2 Medium Density Apartme zoning / MLS #202028733
Current Property Taxes p/month
$129
Property Tax Year
2020
Assessed Improvement value
$86,300
Assessed Land value
$796,500
TMK
1-2-1-038-017-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Down Slope
Location
Inside
Lot Description
Rim Lot
Property Setbacks
None
Total Assessed value
$882,800
Listed by
Honolulu Hawaii Realty
MLS #
202028733
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
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Frequently asked questions for 507 Iolani Ave
When was this multi-family home built and last sold?
This house was build in 1937.
What is the full address of this multi-family home?
507 Iolani Ave, Honolulu, HI, 96813.
Are there beaches near 507 Iolani Ave?
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 Honolulu Hawaii 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 January 13, 2021.
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