| MLS: 202311568 (Active - For Sale) Asking Price: $4,800,000 FS - Fee Simple Type: Multi-Family District: Metro Address: 1218 N King Street, Honolulu, HI Neighborhood: Kapalama Land Area: 9,507 SF View: Mountain,Other,Sunrise,Sunset Parking: Covered,Tandem Days on Market: 192 (The Price of the property was lowered by $200,000 on 10/26/2023) Year Built: 1970 Easements: Electric Zoning: 33 - BMX-3 Community Business M Land Recorded: Regular System Property Taxes: $2,957 Assessed Value: $3,058,000 Assessed Ratio: 156.97% Listing Courtesy: Commercial Inv. Strategies | Google Map County Records Add to Watch List Print Version Request Info All Multi-Family Homes For Sale in Kapalama |
Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 5 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 warehouse unit (approx 645sf). (Legally 8 one-beds, 6 twos, 5 retail, and 1 warehouse—2 twos converted to a three and a one bedroom). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has 1:1 parking (some covered), and access from Long Lane via N King. Below market rents with opportunity to create better cash flow with minimal cap expenditure.
3 Sold Properties Found (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 0 Bed 0 Bath | 11/21/2022 | 02/15/2023 | $770,000 | $710,000 |
| 0 Bed 0 Bath | 07/17/2023 | 11/09/2023 | $1,400,000 | $1,050,000 |
| 0 Bed 0 Bath | 01/06/2023 | 08/07/2023 | $2,495,000 | $2,300,000 |
| Average Price: | $1,353,333 | |||
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