The Ulu Team

$1,549,000$1,599,000 price reduced

1578 Pele Street

PUNCHBOWL AREA · Honolulu · 96813 · MLS 202607167

  • beds
  • 0baths
  • 3,634living sqft
  • Multi-familytype

Multi-Unit Investment Opportunity in Prime Punchbowl Location with beautiful ocean, sunset, mountain, and city views from the balcony! A rare find in the Punchbowl area! This versatile property features two separate structures with a total of five units, offering an incredible investment opportunity. With four units currently generating $5,650 in monthly rental income, potentially $9650 with 5th rental unit for even more revenue! The property includes a carport for three vehicles, copper piping in the main unit, and a highly desirable location with proximity to UH Manoa, HPU, community colleges, hospitals, downtown, and major conveniences. Investor-friendly and tenant-occupied—please allow 48-hour notice for showings. Do not disturb tenants. Don’t miss this chance to own a fantastic income-producing property in a prime Honolulu location!

Building & interior

Style
Multi Family
Condition
Average Condition
Total area
3,634 sqft
Lot size
4,656 sqft
Year built
1956
Renovated
2026
Stories
Two
Parking
3 stalls · Covered · Unassigned
Furnished
Partially
View
City · Mountains · Ocean · Sunset

Construction & features

Cooling
Central Air
Construction
Single Wall · Wood Frame
Roofing
Asphalt · Shingle
Topography
Sloping
Lot features
Corner Lot
Utilities
Above Ground Utilities · Cable Available · Electricity Available · High Speed Internet Available · Phone Available · Sewer Available · Water Available · Sewer Connected
Water
Public

Tax & assessment

Annual property tax
$7,634/yr
Tax year
2026
Assessed — total
$1,428,300
Assessed — land
$970,600
Assessed — improvements
$457,700
TMK
1-2-2-003-017-0000
Zoning
07 - R-3.5 Residential District
Land tenure
Fee simple
Financing accepted
Cash · Conventional
Disclosures
Seller Disclosure · See Remarks

Price history

Original list
$1,599,000
Previous
$1,599,000
Current
$1,549,000

Listed by Coldwell Banker Island Prop

Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.

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