266 North School Street
Honolulu, HI 96817
$3,500,000
Price
28
Beds
4,984 Sq. Ft.
$702 / Sq. Ft.
4,984
Sq. Ft.
$702
per Sq. Ft.
New
New
Description
TO BE SOLD with Adjacent Property (Parcel 117-19-7), MLS #202426340 Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the right developer, creative investor, or contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This parcel currently includes 3 apartment buildings with 14...TO BE SOLD with Adjacent Property (Parcel 117-19-7), MLS #202426340 Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the right developer, creative investor, or contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This parcel currently includes 3 apartment buildings with 14 of the 2-bedroom, 1-bath units, and a vacant lot approximately (35 foot by 30). 14 WATER & GAS & ELECTRIC METER (TENANT REPONSIBLE FOR ALL UTILITIES). It provides privacy while being close to bus lines and shopping, restaurants, downtown business districts, easy to access H-1 freeway (East and West). The property is being sold as-is. Don’t miss out on this rare find—it’s a great buy with endless potential!
- Listed by Brian Chua • License #RB-21314 • Five Star Realty, Inc. • (808) 382-6871
- Listed by Ken Lam • License #RS-85660 • Top Property Management LLC • (808) 382-6871
Property Details for 266 North School Street
View
City, Garden
Zoning11 - A-1 Low Density Apartment
NeighbourhoodKUAKINI
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 11/16/2024 09:56 AM
Property Details for 266 North School Street
| Status | Active |
|---|---|
| MLS # | 202426382 |
| Days on Market | 1 |
| Taxes | $692 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1954 |
| Lot Size | 0.41 AC / 17,937 SF |
| County | Honolulu County |
Building Information for 266 North School Street
Stories-Residences14Year Built1954Building Size-Lot Size0.41 AC / 17,937 SF
Property Information for 266 North School Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $692.00
- Tax Assessed Value: $2,372,900.00
- Tax Assessed Value Improvements: $196,900.00
- Tax Assessed Value Land: $2,176,000.00
- Tax Year: 2024
- Parcel Number: 1-1-7-019-008-0000
- HOA YN: No
Parking
- Parking Features: Assigned, Open, Tandem
- Parking Total: 17
- Other Parking Features: <10 Spaces
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 4984.0
- Sqft Total: 4984.0
- Land Recorded: Land Court
- Lot Features: Clear, Irregular
- Lot Size Area: 17937.0
- Year Built: 1954
- Year Remodeled: 2010
- Building Type: Multi Dwellings
Property and Assessments
- Documents: Other
- Photo Count: 13
- Property Condition: Fair
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt, See Remarks
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 4
- TMK Area: 117
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 8
- TMKPLAT: 19
- TMK Section: 7
- TMK Zone: 1
Utilities
- Utilities: Gas, Public Water, Sewer Fee, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Individual, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground, Wood Frame
- Easements: Cable, Electric, Sewer
- Recreation Facilities: None
- Roof: Asphalt Shingle
Interior Features
- Laundry Facilities: Individual
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 14
- Number Of Units Total: 14
Income & Expenses
- Total Annual Operating Expenses: $16,307.64
- Total Income: $202,296.00
- Expenses Include: Insurance, Property Tax
- Net Operating Income: $185,988.36
- Other Income: $.00
Agent
Sale and Listing
- DOM: 0
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: TO BE SOLD with Adjacent Property (Parcel 117-19-7), MLS #202426340 Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the right developer, creative investor, or contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This parcel currently includes 3 apartment buildings with 14 of the 2-bedroom, 1-bath units, and a vacant lot approximately (35 foot by 30). 14 WATER & GAS & ELECTRIC METER (TENANT REPONSIBLE FOR ALL UTILITIES). It provides privacy while being close to bus lines and shopping, restaurants, downtown business districts, easy to access H-1 freeway (East and West). The property is being sold as-is. Don’t miss out on this rare find—it’s a great buy with endless potential!
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Use ShowingTime
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Gas, Parking, Water
- Total Actual Rent: $16,858.00
Property History for 266 North School Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 266 North School Street
Taxable ValueLand$2,176,000Additions$196,900Total$2,372,900
Tax Record2023$8,273 ($689 / month)
Home Facts
Total Finished SqFt1,944 SqFtAbove Grade Finished SqFt1,944 SqFtStories2Lot Size17,937 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningA-1CountyHONOLULUAPN1-1-7-019-008
Schools near 266 North School Street
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Kauluwela Elementary School PublicPK to 5 | ||
Prince David Kawananakoa Middle School Public6 to 8 | ||
President William Mckinley High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Five Star Realty, Inc., Brian Chua, License #RB-21314; Top Property Management LLC, Ken Lam, License #RS-85660