| Description | Perfect turn key investment property! Renovated interiors, newly painted exterior, and stabilized rents with great cashflow! All the work is done! High demand rental area with close proximity to Queen's Hospital, Straub Hospital, Downtown Honolulu and more. Seven (7) - 2 Bed / 1 Bath and Three (3) - 1 Bed / 1 Bath apartment units. Strong Cashflow generating over $14k in gross rents and an in place 6.2% CAP rate on stabilized income and expenses. |
|---|---|
| Status | Sold since 04-05-2025 |
| MLS# | 202509428 |
| Price | $1,880,000 |
| Original Price | $1,880,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 3 |
| Two Bed Units | 7 |
| Three Bed Units | 0 |
| Land Sq Ft | 6,480 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1413 Emerson Street Honolulu HI 96813 |
| Region | Metro |
| Neighborhood | Punchbowl-Lower |
| Days on Market | 6 |
| Year Built | 1947 |
| Condition | Average |
| View | City |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $440 |
| Assessed Land | $1,283,100 |
| Assessed Building | $56,210 |
| Assessed Total | $1,476,400 |
| Assessed Ratio | 127% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water |
| Construction | Concrete, Single Wall |
| Lot Features | Clear |
| Disclosures | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Aluminum/Steel, Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-1-039-044-0000 |
| Listing courtesy of | Apartment Advisors LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 06-11-2025 | 202509428 | Sold | C | S | $1,880,000 | $1,930,000 | $1,476,400 | $1,283,100 | $56,210 |
| 04-11-2025 | 202509428 | Active Under Contract | A | C | $1,880,000 | $1,930,000 | $1,476,400 | $1,283,100 | $56,210 |
| 04-05-2025 | 202509428 | New Listing | CS | A | $1,880,000 | $1,930,000 | $1,476,400 | $1,283,100 | $56,210 |
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