| Rebate | 20% Buyer's Rebate | $3,500 Flat Fee Selling | 2% Full Service Selling |
|---|---|
| Description | OUTSTANDING VALUE AT JUST $200,000 PER UNIT! 5.4% CAP!!! Excellent opportunity to acquire a fee simple, 12-unit multifamily investment property in the desirable Punchbowl neighborhood! Featuring three separate fourplex buildings, each with four 1-bedroom, 1-bath units, on a 6,840 sq. ft. parcel. All 12 units are currently rented, providing an established income stream. Additional features include 4 parking stalls, separately metered electricity paid by tenants, coin-operated laundry facilities, and on-site storage for select units. Conveniently located near Downtown Honolulu, major employment centers, shopping, dining, and public transportation. An attractive investment opportunity at a compelling price per unit! |
| Status | Active since 10-14-2026 |
| MLS# | 202619361 |
| Price | $2,400,000 |
| Original Price | $2,400,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 12 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 4,712 |
| Land Sq Ft | 6,840 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 927 Spencer Street Honolulu HI 96822 |
| Region | Metro |
| Neighborhood | Punchbowl Area |
| Days on Market | 4 |
| Year Built | 1957 |
| Condition | Average |
| View | City |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $567 |
| Assessed Land | $1,722,600 |
| Assessed Building | $224,300 |
| Assessed Total | $1,946,900 |
| Assessed Ratio | 123% |
| Utilities | Cable, Internet, Overhead Electricity, Sewer Fee, Water |
| Construction | Concrete, Hollow Tile, Masonry/Stucco |
| Lot Features | Clear |
| Disclosures | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Down Slope |
| Roofing | Composition |
| Easements | None |
| Parcel # | 1-2-4-015-066-0000 |
| Listing courtesy of | CBI Residential Advisory Svcs. |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 10-15-2026 | 202619361 | New Listing | A | $2,400,000 | $0 | $1,946,900 | $1,722,600 | $224,300 | |
| 09-30-2026 | 202605936 | Cancelled | A | W | $2,500,000 | $0 | $1,942,600 | $1,722,600 | $220,000 |
| 03-24-2026 | 202605936 | New Listing | A | $2,500,000 | $0 | $1,942,600 | $1,722,600 | $220,000 |
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