| Description | Three buildings on one lot: a 3BD/2BA house with basement and TWO 4-unit apartments, all separately metered. 13 parking stalls and on-site laundry. Bill 7 redevelopment site with existing income. A-1 zoned. Located across from Lili’uokalani Botanical Garden with direct H-1 access and minutes to Downtown Honolulu’s business core. Site has been evaluated and confirmed for Affordable Housing Development Bill 7 qualification, projecting 40 to 56 units at maximum FAR. Collect income while you pursue entitlements. Buyer to conduct own due diligence. |
|---|---|
| Status | Active since 05-11-2026 |
| MLS# | 202609304 |
| Price | $3,499,000 |
| Original Price | $3,299,000 |
| Price Change | $200,000 (6.06%) |
| Studio Units | 0 |
| One Bed Units | 8 |
| Two Bed Units | 0 |
| Three Bed Units | 1 |
| Land Sq Ft | 7,857 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 48 N School Street Honolulu HI 96817 |
| Region | Metro |
| Neighborhood | Nuuanu-Lower |
| Days on Market | 139 |
| Year Built | 1955 |
| Year Remodeled | 1985 |
| Condition | Above Average |
| View | City, Garden |
| Frontage | Other, Stream/Canal |
| Parking | Covered |
| Zoning | 11 - A-1 Low Density Apartment |
| Flood Zone | Zone X |
| Tax Amount | $526 |
| Assessed Land | $1,321,400 |
| Assessed Building | $497,500 |
| Assessed Total | $1,818,900 |
| Assessed Ratio | 192% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water |
| Construction | Above Ground, Brick |
| Lot Features | Clear |
| Disclosures | Inactive Licensed Owner, Pet on Property |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | Electric |
| Parcel # | 1-1-7-009-047-0000 |
| Listing courtesy of | Hawaii Modern Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-13-2026 | 202609304 | Price Increase | $3,299,000 | $3,499,000 | $3,499,000 | $0 | $1,818,900 | $1,321,400 | $497,500 |
| 05-11-2026 | 202609304 | New Listing | A | $3,499,000 | $0 | $1,818,900 | $1,321,400 | $497,500 | |
| 07-05-2022 | 202129420 | Withdrawn | S | W | $3,000,000 | $2,625,000 | $1,625,000 | $1,285,700 | $339,300 |
| 03-17-2022 | 202129420 | Sold | C | S | $3,000,000 | $2,625,000 | $1,625,000 | $1,285,700 | $339,300 |
| 12-16-2021 | 202129420 | In Escrow Showing | A | C | $3,000,000 | $2,625,000 | $1,625,000 | $1,285,700 | $339,300 |
| 11-22-2021 | 202129420 | New Listing | A | $3,000,000 | $2,625,000 | $1,625,000 | $1,285,700 | $339,300 | |
| 09-29-2015 | 201423117 | Sold | C | S | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 |
| 07-23-2015 | 201423117 | Active Continue to Show | A | C | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 |
| 07-10-2015 | 201423117 | Price Decrease | $2,250,000 | $1,950,000 | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 |
| 02-22-2015 | 201423117 | Price Decrease | $2,500,000 | $2,250,000 | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 |
| 12-15-2014 | 201423117 | New Listing | A | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 | |
| 12-15-2014 | 201423117 | $2,500,000 | $1,950,000 | $1,720,000 | $1,521,000 | $1,139,300 | $381,700 | ||
| 01-06-2006 | 2510678 | Sold | X | S | $1,500,000 | $1,350,000 | $1,006,600 | $707,100 | $299,500 |
| 01-01-2006 | 2510678 | Expired | P | X | $1,500,000 | $1,350,000 | $1,006,600 | $707,100 | $299,500 |
| 12-27-2005 | 2510678 | Pending | C | P | $1,500,000 | $1,350,000 | $1,006,600 | $707,100 | $299,500 |
| 11-06-2005 | 2510678 | Active Continue to Show | A | C | $1,500,000 | $1,350,000 | $1,006,600 | $707,100 | $299,500 |
| 07-07-2005 | 2510678 | New Listing | A | $1,500,000 | $1,350,000 | $1,006,600 | $707,100 | $299,500 |
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