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1525 Piikoi Street, Honolulu, HI, 96822
Multi-dwelling in Makiki Area
$2,190,000Est. $12,182/mo
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 231 daysListed 10/03. Last updated 11/28.
  • Built in 1927Built 97 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this multi-dwelling offers

A/C

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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Where you'll live

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1525 Piikoi Street, Honolulu, HI, 96822 is located in Makiki Area on Oahu.

More about this multi-dwelling

  • Tax ID 1-2-4-020-064-0000
  • Taxes$526/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Fee Simple
  • Construction Above Ground, Double Wall, Wood Frame
  • Roof Asphalt Shingle
  • Year Built 1927
  • Lot Size 6,962 sqft
  • Views None
  • Parking Assigned
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

Listing courtesy of Evan Amakata from Oceans Real Estate, MLS #202322196. Contact: office@oceanshawaii.com.

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11/09/2023 1625 Philip Street $1,680,000 112 4,924
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