266 N School Street
Active 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!
View full listing details| Price: | $$3,500,000 USD |
|---|---|
| Address: | 266 N School Street |
| City: | Honolulu |
| State: | Hawaii |
| Zip Code: | 96817 |
| Subdivision: | KUAKINI |
| MLS: | 202426382 |
| Year Built: | 1954 |
| Square Feet: | 4,984 |
| Acres: | 0.412 |
| Lot Square Feet: | 0.412 acres |
| view: | City, Garden |
|---|---|
| sewer: | Connected |
| levels: | Two |
| viewYN: | yes |
| stories: | 2 |
| mlsStatus: | Active |
| utilities: | Natural Gas Available, Sewer Available, Water Available, Sewer Connected |
| postalCity: | Honolulu |
| tenantPays: | Cable TV, Electricity, Gas, Parking Fee, Water |
| topography: | Level |
| disclosures: | Seller Disclosure, See Remarks |
| lotFeatures: | Cleared, Interior Lot, Irregular Lot, Level |
| waterSource: | Public |
| mlsAreaMajor: | Metro |
| parkingTotal: | 17 |
| openParkingYN: | yes |
| structureType: | Multi Family |
| humanModifiedYN: | yes |
| laundryFeatures: | In Unit |
| parkingFeatures: | Assigned, Open, Tandem |
| recordSignature: | -1544479610 |
| taxAnnualAmount: | 8304 |
| totalActualRent: | 16858 |
| operatingExpense: | 16307.64 |
| communityFeatures: | None |
| propertyCondition: | Average Condition |
| zoningDescription: | 11 - A-1 Low Density Apartment |
| countrySubdivision: | 15003 |
| netOperatingIncome: | 185988.36 |
| numberOfUnitsTotal: | 14 |
| yearBuiltEffective: | 2010 |
| constructionMaterials: | Wood Frame |
| operatingExpenseIncludes: | Insurance, Real Estate Tax |
| specialListingConditions: | None |
© 2025 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on Tuesday, February 11th, 2025. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference. Data last updated: Tuesday, February 11th, 2025 05:25:42 PM.
Data services provided by IDX Broker
Listed by: Five Star Realty, Inc. (808) 382-6871