Two story walk up apartment building. It will require some repair but is in excellent location.
Closed
$4,000,000
540 Iolani Ave, Honolulu, HI 96813
--beds
0baths
8,784sqft
Multi Family
Built in 1957
-- sqft lot
$4,099,000 Zestimate®
$455/sqft
$1,965 Estimated rent
Home value
$4,099,000
$3.16M - $5.21M
$1,965/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Reinhardt Hollar 808-216-7300,
Rein Hollar Realty
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202516843
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: None
Interior area
- Total structure area: 8,784
- Total interior livable area: 8,784 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City, Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Features: Corner Lot, Irregular Lot
- Topography: Sloping
Details
- Parcel number: 1220040580000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Double Wall, Hollow Tile, Masonry, Stucco
Condition
- Repairs Major
- Year built: 1957
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Punchbowl Area
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $455/sqft
- Tax assessed value: $2,294,500
- Annual tax amount: $8,052
- Date on market: 7/24/2025
- Total actual rent: 21600
- Tenant pays: Parking Fee
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $4,000,000-11.1%$455/sqft |
Source:  HiCentral MLS #202516843 Report a problem | ||
| 7/27/2025 | Contingent | $4,500,000$512/sqft |
Source: HiCentral MLS #202516843 Report a problem | ||
| 7/26/2025 | Listed for sale | $4,500,000+28.6%$512/sqft |
Source: HiCentral MLS #202516843 Report a problem | ||
| 5/21/2012 | Listing removed | $3,500,000$398/sqft |
Source: Stephen J Drake #1114393 Report a problem | ||
| 12/8/2011 | Listed for sale | $3,500,000+16.7%$398/sqft |
Source: Stephen J Drake #1114393 Report a problem | ||
| 4/7/2006 | Sold | $3,000,000+257.1%$342/sqft |
Source: Public Record Report a problem | ||
| 12/28/2000 | Sold | $840,000$96/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,031 -0.2% | $2,294,500 -0.2% |
| 2024 | $8,050 -16.2% | $2,300,000 +0.3% |
| 2023 | $9,609 +17.8% | $2,292,100 -1.7% |
| 2022 | $8,157 +3.5% | $2,330,600 +3.5% |
| 2021 | $7,879 -6% | $2,251,100 -6% |
| 2020 | $8,380 +7.8% | $2,394,300 +7.8% |
| 2019 | $7,773 +7.5% | $2,220,800 +7.5% |
| 2018 | $7,232 +4.6% | $2,066,400 +4.6% |
| 2017 | $6,915 +2% | $1,975,700 +2% |
| 2016 | $6,778 -14.4% | $1,936,500 -14.4% |
| 2015 | $7,921 | $2,263,100 0% |
| 2014 | -- | $2,263,800 |
Find assessor info on the county website
Neighborhood: Punchbowl
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Nearby schools
GreatSchools rating
- 5/10Royal Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Prince David Kawananakoa Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10President Theodore Roosevelt High SchoolGrades: 9-12Distance: 0.8 mi
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$4,099,000
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$4,180,980
- Hawaii
- Honolulu County
- Honolulu
- 96813
- Punchbowl
- 540 Iolani Ave
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