Water Views
Address
1617 ALAPAI ST Honolulu, HI
Price
$ 3,300,000
Property Attributes
  • MLS#653418
  • TypeMulti-Family
  • CountyHONOLULU
  • CityHonolulu
  • AreaHonolulu
  • NeighborhoodPUNCHBOWL
  • Zip96813
  • Style
  • Year Built1939
  • Taxes$ 4172
  • Price$ 3,300,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1637
  • Lot Size5,918 SqFt
Listing Provided Courtesy Of:
Nathalie Mullinix Realty Universal, Inc.
Data Source:
Hawaii Info Service (HISMLS) - 169 - HI
Property Description

Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 702 Prospect St, MLS # 653515 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability. These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.

Price History
8/22/2021 Listed $3,300,000

General Features

Appliances Other (remarks)
District Honolulu
Flood Zone X
Land Tenure Fee Simple
Location 1617 ALAPAI ST
Lot Number 2
Pool Y/N No
Power Overhead
Property Type Multi-Family
Subdivision PUNCHBOWL
Subdivision Abbreviated Name PUNCHBOWL
Topography Gentle Slope
View City, Ocean
Wastewater Sewer-Connected
Water County
Zoning A-2

Interior Features

Floor Covering Other (remarks)

Exterior Features

Land Area 5918
Lot Description - Land Dead End
Roads Paved
Structures Yes
Vehicle Storage/parking Other (remarks)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 96813

Price
AVG $2.03M
$3.3M
Taxes
AVG $552
$4,172
Visits
AVG 107
32
Year Built
AVG 1936
1939
Walkscore
AVG 78
77
Data Provided by Walkscore ® not using MLS data

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