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743 Pumehana Street

Sold for $1,480,000 on October 5, 2023.

  • Status: Sold
  • Tenure: Fee Simple
  • Type: Multi-dwelling
  • Mortgage: $4,562/mo
  • HOA Fee: n/a
  • Taxes: $396/mo
743 Pumehana Street was on the market for 561 days. Originally listed for $1,200,000.

What this multi-dwelling offers

Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!

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Location

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743 Pumehana Street, Honolulu, HI, 96826 is located in Mccully on Oahu.

More about this multi-dwellingOpen and close this section
  • Parcel: 1-2-3-033-010-0000
  • Year Built: 1931
  • Lot Size: 5,000 sqft
  • Views: None
  • Construction: Above Ground, Single Wall, Slab
  • Roof: Asphalt Shingle
  • Parking: Unassigned
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 Daniel K Ihara from Keller Williams Honolulu, MLS #202310461. Contact: (808) 596-2888.

Similar multi-dwellings for sale

Listings that are nearest to 743 Pumehana Street and priced between $1,080,000 and $1,320,000.

Recently Sold

The most recently sold Multi-Family Homes with bedroom(s) nearest to 743 Pumehana Street and sorted by date, then price.

Date Sold Sold Price Address DOM Beds Baths SQFT
10/05/2023 $1,480,000 743 Pumehana Street 146 bed bath
11/09/2023 $2,300,000 2014 Fern Street 79 bed bath
02/09/2024 $1,900,000 1749 Fern Street 38 bed 0 bath
02/23/2024 $1,100,000 1804 Waiola Street 164 bed 0 bath
07/08/2024 $1,230,000 767 D Paani Street 172 bed 0 bath
05/31/2024 $2,350,000 850 Lokahi Street 67 bed 0 bath
07/19/2023 $2,220,000 2203 Kapiolani Boulevard 230 bed 0 bath
09/08/2023 $1,105,000 2202 Waiola Street 136 bed bath
11/09/2023 $1,680,000 1625 Philip Street 112 bed bath
10/06/2023 $1,650,000 440 Pau Street 91 bed bath
11/15/2024 $1,950,000 2329 Fern Street 128 bed 0 bath
12/22/2023 $2,700,000 813 Coolidge Street 35 bed bath