Active

$1,549,000

1578 Pele St, Honolulu, HI 96813

--beds

0baths

3,634sqft

$9,204/mo

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Multi Family

Built in 1956

-- sqft lot

$1,513,600 Zestimate^®

$426/sqft

$-- HOA

What's special

Carport for three vehicles

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!

193 days
243
18

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Cooling

Central Air

Appliances

Included: Dryer, Washer
Laundry: Coin-operated

Interior area

Total structure area: 3,634
Total interior livable area: 3,634 sqft

Property

Parking

Total spaces: 3
Parking features: Covered, Unassigned

Features

Levels: Two
Stories: 2
Has view: Yes
View description: City, Mountain(s), Ocean, Sunset
Has water view: Yes
Water view: Ocean
Frontage type: Other

Lot

Features: Corner Lot, Other
Topography: Sloping

Details

Parcel number: 1220030170000
Zoning description: 07 - R-3.5 Residential District
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Other, Single Wall, Wood Frame

Condition

Average Condition
Year built: 1956
Major remodel year: 2026

Utilities & green energy

Sewer: Connected
Water: Public
Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Community & HOA

Community

Features: None
Subdivision: Punchbowl Area

Location

Region: Honolulu

Financial & listing details

Price per square foot: $426/sqft
Tax assessed value: $1,428,300
Annual tax amount: $7,634
Date on market: 4/8/2026
Total actual rent: 5650
Tenant pays: Air Conditioning, Cable TV, Electricity, Other, Water

Estimated market value

$1,513,600

$1.44M - $1.59M

$2,361/mo

Price history

Date	Event	Price
6/18/2026	Price change	$1,549,000-3.1%$426/sqft
Source: HiCentral MLS #202607167 Report a problem
4/9/2026	Listed for sale	$1,599,000$440/sqft
Source: HiCentral MLS #202607167 Report a problem
9/12/2025	Listing removed	$1,599,000$440/sqft
Source: HiCentral MLS #202507013 Report a problem
8/22/2025	Price change	$1,599,000-3%$440/sqft
Source: HiCentral MLS #202507013 Report a problem
5/2/2025	Price change	$1,649,000-2.7%$454/sqft
Source: HiCentral MLS #202507013 Report a problem
4/18/2025	Price change	$1,695,000-0.3%$466/sqft
Source: HiCentral MLS #202507013 Report a problem
3/17/2025	Listed for sale	$1,700,000$468/sqft
Source: HiCentral MLS #202507013 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$8,883 +16.4%	$1,428,300 +8.3%
2025	$7,634 -8.2%	$1,318,800 -4.3%
2024	$8,317 -10.1%	$1,378,700 -5.6%
2023	$9,252 +173.9%	$1,460,700 +51.4%
2022	$3,378 +0.1%	$965,000 +0.1%
2021	$3,375 -25.2%	$964,200 -3.7%
2020	$4,509 +31.8%	$1,000,900 +2.4%
2019	$3,422 +21%	$977,600 +5.4%
2018	$2,827 -4.2%	$927,700 -3.7%
2017	$2,951 +17.7%	$963,000 +15.1%
2016	$2,507 +5.5%	$836,400 +4.7%
2015	$2,376	$798,900 +3.6%
2014	--	$771,100