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.
Active
Price increase: $200K (5/13)
$3,499,000
48 N School St, Honolulu, HI 96817
--beds
0baths
--sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 69 days |
- 63 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Arthur Hughes 808-452-9899,
Hawaii Modern Realty
Source: HiCentral MLS,MLS#: 202609304
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Facts & features
Interior
Property
Parking
- Total spaces: 13
- Parking features: Covered
Features
- Levels: Three Or More
- Has view: Yes
- View description: City, Garden
- Frontage type: Canal,Other
Lot
- Features: Cleared, Corner Lot, Level
- Topography: Level
Details
- Parcel number: 1170090470000
- Zoning description: 11 - A-1 Low Density Apartment
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Good Condition
- Year built: 1955
- Major remodel year: 1985
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Community & HOA
Community
- Subdivision: Nuuanu-Lower
Location
- Region: Honolulu
Financial & listing details
- Tax assessed value: $1,818,900
- Annual tax amount: $6,312
- Date on market: 5/11/2026
- Total actual rent: 17650
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Price change | $3,499,000+6.1% |
Source:  HiCentral MLS #202609304 Report a problem | ||
| 5/12/2026 | Listed for sale | $3,299,000+10% |
Source: HiCentral MLS #202609304 Report a problem | ||
| 7/5/2022 | Listing removed | $3,000,000 |
Source: HiCentral MLS #202129420 Report a problem | ||
| 12/16/2021 | Contingent | $3,000,000 |
Source: HiCentral MLS #202129420 Report a problem | ||
| 11/22/2021 | Listed for sale | $3,000,000+74.4% |
Source: HiCentral MLS #202129420 Report a problem | ||
| 2/12/2018 | Listing removed | $1,295 |
Source: Leonard Jaffe Real Estate LLC #201803749 Report a problem | ||
| 2/8/2018 | Listed for rent | $1,295 |
Source: Leonard Jaffe Real Estate LLC #201803749 Report a problem | ||
| 9/28/2015 | Sold | $1,720,000-11.8% |
Source: Public Record Report a problem | ||
| 7/11/2015 | Price change | $1,950,000-13.3% |
Source: Bryn James #201423117 Report a problem | ||
| 4/8/2015 | Listed for sale | $2,250,000+66.7% |
Source: Bryn James #201423117 Report a problem | ||
| 1/6/2006 | Sold | $1,350,000+420.2% |
Source: Public Record Report a problem | ||
| 2/5/1998 | Sold | $259,500-26.4% |
Source: Public Record Report a problem | ||
| 11/12/1997 | Sold | $352,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,312 | $1,803,300 +0.5% |
| 2024 | -- | $1,794,700 +0.3% |
| 2023 | $6,263 +10.9% | $1,789,500 +10.9% |
| 2022 | $5,645 -0.7% | $1,612,900 -0.7% |
| 2021 | $5,688 | $1,625,000 -9.3% |
| 2020 | -- | $1,790,800 +8.3% |
| 2019 | $5,790 +13% | $1,654,200 +13% |
| 2018 | $5,123 +0.5% | $1,463,700 +0.5% |
| 2017 | $5,096 -7.2% | $1,456,100 -7.2% |
| 2016 | $5,489 +6.1% | $1,568,400 +6.1% |
| 2015 | $5,175 | $1,478,600 -2.8% |
| 2014 | -- | $1,521,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Nuuanu Lower
Nearby schools
GreatSchools rating
- 6/10Kauluwela Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Prince David Kawananakoa Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10President William Mckinley High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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