| Description | Do not miss this exceptional chance to own a unique property on an expansive 11,000+ sq ft level lot zoned R-5, offering three separate structures—perfect for investors or multi-generational living. Ideally situated in one of Honolulu’s most desirable neighborhoods, this property is just minutes from Kahala Mall, freeway access, the University of Hawaii, and downtown Honolulu. The property includes: Two 2-bedroom, 1-bathroom units, One 1-bedroom, 1-bathroom unit. Each unit is separately metered and currently tenant-occupied by long-term residents, offering immediate rental income. The property is fully enclosed and set back from the street, providing a private and peaceful setting. Ample parking accommodates both residents and guests with ease. This is a rare find with significant potential in a high-demand area. Whether you’re looking to invest, redevelop, or create a family compound, this property delivers endless possibilities. Schedule your showing today—opportunities like this don’t last long! |
|---|---|
| Status | Sold since 06-16-2025 |
| MLS# | 202511240 |
| Price | $1,995,000 |
| Original Price | $1,995,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 5 / 3 / 0 |
| Parking Spaces | 8 |
| Living Sq Ft | 1,898 |
| Land Sq Ft | 11,250 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1242 16th Avenue Honolulu HI 96816 |
| Region | Diamond Head |
| Neighborhood | Wilhelmina |
| Days on Market | 70 |
| Year Built | 1913 |
| Condition | Average |
| View | None |
| Pool | None |
| Parking | 3 Car+, Driveway |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone X |
| Tax Amount | $430 |
| Assessed Land | $1,371,600 |
| Assessed Building | $99,400 |
| Assessed Total | $1,471,000 |
| Assessed Ratio | 136% |
| Inclusions | AC Window Unit, Ceiling Fan, Dryer, Range/Oven, Refrigerator, Washer, Water Heater |
| Amenities | None |
| Utilities | Cable, Connected, Internet, Public Water, Telephone, Water |
| Construction | Above Ground, Single Wall, Wood Frame |
| Lot Features | Clear |
| Flooring | Ceramic Tile, Laminate |
| Disclosures | 1031 Exchange, Property Disclosure Stmt |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Building Style | Multiple Dwellings |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-3-3-010-025-0000 |
| Listing courtesy of | REMAX Hawaii |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 10-21-2025 | 202511240 | Sold | C | S | $1,995,000 | $1,820,000 | $1,471,000 | $1,371,600 | $99,400 |
| 08-25-2025 | 202511240 | Active Under Contract | A | C | $1,995,000 | $1,820,000 | $1,471,000 | $1,371,600 | $99,400 |
| 06-16-2025 | 202511240 | New Listing | A | $1,995,000 | $1,820,000 | $1,471,000 | $1,371,600 | $99,400 | |
| 03-24-2003 | 2210975 | Price Decrease | $655,000 | $638,888 | $655,000 | $638,888 | $632,700 | $506,300 | $126,400 |
| 03-24-2003 | 2210975 | Sold | P | S | $655,000 | $638,888 | $632,700 | $506,300 | $126,400 |
| 02-06-2003 | 2210975 | Pending | C | P | $655,000 | $638,888 | $632,700 | $506,300 | $126,400 |
| 11-07-2002 | 2210975 | Price Decrease | $695,000 | $655,000 | $655,000 | $638,888 | $632,700 | $506,300 | $126,400 |
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