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1525 Piikoi St Honolulu, HI, 96822
Neighborhood: Makiki Area$2,190,000 $200,000 Multi-Family cancelled 3,123 sqft
This property boasts an exceptional location along Piikoi Street. The rental income is currently stable but presents significant potential for growth. Prospective new owners have the option to retain it as an income-producing property or leverage Bill 7 to develop a 34-unit apartment complex. Presently, a comprehensive 34-unit Bill 7 building plan is undergoing thorough review by the Department of Planning and Permitting (DPP). The sale package encompasses the newly devised building plan, a complete survey, and engineering reports.
Notably, Piikoi Street is subject to a road widening plan. Nevertheless, the seller has secured a letter of approval from the DPP, granting permission for the construction of a 34-unit apartment. Furthermore, the sewer application has received official approval.
The property consists of two existing structures: the front structures encompass 3 one-bedroom units and 5 studios, all inclusive of electricity and water in the rent. Additionally, 3 studios are located in the rear structure. It is worth noting that 2 out of the 11 units are equipped with dedicated gas meters.
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Property details
1927 year built
View
None
Price per sqft
$701/sqft
Days on Verhouse
210
Address
1525 Piikoi St, Honolulu, HI, 96822
City of Hawaii
Honolulu
Island
Oahu
Building type
Multi Dwellings
Year Built
1927
Land tenure
FS - Fee Simple
Neighborhood
Makiki Area
District
Honolulu
Open Houses
No upcoming open houses
Interior Features
6 parking places
Stories
One
Furnished
None
Roof
Asphalt Shingle
Utilities
Gas, Overhead Electricity, Water
Property Condition
Fair
nr.of parking places
6
Garage & Parking
Assigned
Amenities
A/C
Listed by
Evan Amakata, Oceans Real Estate
office@oceanshawaii.com
office@oceanshawaii.com
Name
Evan Amakata
License number
RB-22133
Brokerage company
Oceans Real Estate
office@oceanshawaii.com
office@oceanshawaii.com
MLS #
202322196
Payment calculator
Calculate your monthly payments
Mortgage
$6,724
Taxes
$527
HOA dues
$0
Mortgage
$438,000 / 20%
2.28%
30 years
Your amount
$6,724 / month
Exterior Features
Above Ground, Double Wall, Wood Frame construction and more
Construction
Above Ground, Double Wall, Wood Frame
Lot details
TMK #1240200640000
Lot Description
Other
Parcel nr.
1240200640000
Makiki Area neighborhood info
Essentials nearby
Neighborhood stats
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
People living in Makiki Area
31%
Families with children
National average: 39%
30%
Non family households
416,417
Population
$128,695
Average Income
Age & gender
Median age 44 years
More info
Commute types
65% commute by car
More info
Education level
26% have bachelor education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
48% have 1 vehicle
More info
Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$731.82k
Neighborhood average
sales price*
sales price*
$519.75k
Neighborhood median
sales price*
sales price*
1235
Number
of sales*
of sales*
Housing type
61% are apartments
More info
Rooms
38% of the houses have 2 or 3 rooms
More info
Bedrooms
46% have 2 or 3 bedrooms
More info
Owners vs Renters
52% are renters
More info
13.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Unit Information
# of 1 Bd
4
Income
Total Actual Rent
$10,775
Schools
15 schools with rating up to 5
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
Elementary School |
0.246mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
Middle School |
0.331mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School |
0.178mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.246mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.331mi | |
|
Playmate Kindergarten, Day Care
1704 Keeaumoku Street,
Honolulu, HI 96822
|
0.392mi | |
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.405mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.521mi | |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.331mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.4mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.521mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.569mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.646mi | |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.178mi | |
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
|
0.46mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.521mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.569mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.61mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Cancelled Apr 5, 2024
Makiki Area Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $247.5k | 9.09% |
| 1 bed | $305.1k | 27.27% |
| 2 beds | $422.5k | 54.55% |
| 3 beds | $1.7m | 6.82% |
| 4 beds | $1.25m | 2.27% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 5, 2024 | Cancelled | $2,190,000 | 701.25 | MLS #202322196 |
| Oct 28, 2023 | Price Decrease | $2,190,000 -8.37% | 701.25 | MLS #202322196 |
| Oct 1, 2023 | New Listing | $2,390,000 +59.33% | 765.29 | MLS #202322196 |
| Sep 21, 2021 | Sold | $1,500,000 | 480.31 | Public Record |
| Sep 21, 2021 | Price Decrease | $1,500,000 -5.96% | 480.31 | MLS #202015221 |
| Aug 18, 2021 | Pending | $1,595,000 | 510.73 | MLS #202015221 |
| Apr 25, 2021 | Under contract | $1,595,000 | 510.73 | MLS #202015221 |
| Feb 12, 2021 | Price Decrease | $1,595,000 -8.86% | 510.73 | MLS #202015221 |
| Oct 6, 2020 | Price Decrease | $1,750,000 -6.17% | 0 | MLS #202015221 |
| Sep 5, 2020 | Price Increase | $1,865,000 +10.03% | 0 | MLS #202015221 |
| Sep 4, 2020 | Price Decrease | $1,695,000 -9.12% | 0 | MLS #202015221 |
| Jul 1, 2020 | New Listing | $1,865,000 +16.93% | 0 | MLS #202015221 |
| Sep 1, 2021 | Expired | $1,595,000 | 510.73 | MLS #202012331 |
| Aug 18, 2021 | Pending | $1,595,000 | 510.73 | MLS #202012331 |
| Apr 25, 2021 | Under contract | $1,595,000 | 510.73 | MLS #202012331 |
| Mar 30, 2021 | For sale | $1,595,000 | 510.73 | MLS #202012331 |
| Mar 1, 2021 | Under contract | $1,595,000 | 510.73 | MLS #202012331 |
| Feb 12, 2021 | Price Decrease | $1,595,000 -8.86% | 510.73 | MLS #202012331 |
| Oct 6, 2020 | Price Decrease | $1,750,000 -6.17% | 560.36 | MLS #202012331 |
| Sep 5, 2020 | Price Increase | $1,865,000 +10.03% | 597.18 | MLS #202012331 |
| Sep 4, 2020 | Price Decrease | $1,695,000 -9.12% | 542.75 | MLS #202012331 |
| Jun 3, 2020 | New Listing | $1,865,000 +74.3% | 597.18 | MLS #202012331 |
| Feb 3, 2008 | Expired | $1,070,000 | 344.61 | MLS #2702952 |
| Jul 22, 2007 | Temporarily Withdrawn | $1,070,000 | 344.61 | MLS #2702952 |
| May 30, 2007 | Price Decrease | $1,070,000 -90% | 344.61 | MLS #2702952 |
| May 30, 2007 | Price Increase | $10,700,000 +872.73% | 3446.05 | MLS #2702952 |
| May 9, 2007 | Price Decrease | $1,100,000 -7.17% | 354.27 | MLS #2702952 |
| Apr 11, 2007 | Price Decrease | $1,185,000 -1.25% | 381.64 | MLS #2702952 |
| Feb 22, 2007 | Price Decrease | $1,200,000 -7.61% | 386.47 | MLS #2702952 |
| Feb 2, 2007 | New Listing | $1,298,789 +149.77% | 418.29 | MLS #2702952 |
| Aug 18, 2003 | Sold | $520,000 | 253.29 | Public Record |
| Aug 18, 2003 | Price Decrease | $520,000 -22.96% | 253.29 | MLS #2209901 |
| Sep 16, 2002 | New Listing | $675,000 | 328.79 | MLS #2209901 |
Taxes of 1525 Piikoi St, Honolulu, HI, 96822
12 - A-2 Medium Density Apartme zoning / MLS #202322196
Current Property Taxes p/month
$526
Assessed Improvement value
$155,700
Assessed Land value
$1,650,200
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Total Assessed value
$1,805,900
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $6,320 | MLS #202322196 |
| 2019 | $5,748 | MLS #202012331 |
| 2006 | $32,400 | MLS #2702952 |
About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.
Agent viewpoints of 1525 Piikoi St, Honolulu, HI, 96822
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Frequently Asked Questions about 1525 Piikoi St
Which year was this multi-family built?
This multi-family was build in 1927.
What is the full address of this Multi-Family?
1525 Piikoi St, Honolulu, HI, 96822.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Oceans Real Estate.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.
Listing last updated: Apr 05, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Village Market, 0.18 miles away and Times Supermarket, 0.22 miles away.
The Makiki Area neighborhood has a population of 416,417, and 31% of the families have children. The median age is 44.81 years and 65% commute by car. The most popular housing type is "apartment" and 52% is renter.