The Ulu Team

$3,499,000

48 School Street

NUUANU-LOWER · Honolulu · 96817 · MLS 202609304

  • beds
  • 0baths
  • living sqft
  • Multi-familytype

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.

Building & interior

Style
Multi Family
Condition
Good Condition
Lot size
7,857 sqft
Year built
1955
Renovated
1985
Stories
Three Or More
Parking
13 stalls · Covered
View
City · Garden

Construction & features

Cooling
Central Air
Construction
Brick
Topography
Level
Lot features
Cleared · Corner Lot · Level
Utilities
Above Ground Utilities · Cable Available · Electricity Available · Natural Gas Available · High Speed Internet Available · Phone Available · Sewer Available · Water Available · Sewer Connected
Water
Public

Tax & assessment

Annual property tax
$6,312/yr
Tax year
2026
Assessed — total
$1,818,900
Assessed — land
$1,321,400
Assessed — improvements
$497,500
TMK
1-1-7-009-047-0000
Zoning
11 - A-1 Low Density Apartment
Land tenure
Fee simple
Financing accepted
Cash · Conventional · Exchange1031
Disclosures
Principal Is Real Estate Licensed · Pet On Property

Price history

Original list
$3,299,000
Previous
$3,299,000
Current
$3,499,000

Listed by Hawaii Modern Realty

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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