Active

$2,400,000

927 Spencer St, Honolulu, HI 96822

--beds

0baths

4,712sqft

$13,485/mo

Get pre-qualified

Quadruplex

Built in 1957

-- sqft lot

$-- Zestimate^®

$509/sqft

$-- HOA

What's special

OUTSTANDING VALUE AT JUST $200,000 PER UNIT! 5.4% CAP!!! Excellent opportunity to acquire a fee simple, 12-unit multifamily investment property in the desirable Punchbowl neighborhood! Featuring three separate fourplex buildings, each with four 1-bedroom, 1-bath units, on a 6,840 sq. ft. parcel. All 12 units are currently rented, providing an established income stream. Additional features include 4 parking stalls, separately metered electricity paid by tenants, coin-operated laundry facilities, and on-site storage for select units. Conveniently located near Downtown Honolulu, major employment centers, shopping, dining, and public transportation. An attractive investment opportunity at a compelling price per unit!

26 days
140
10

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Appliances

Laundry: Coin-operated

Interior area

Total structure area: 4,712
Total interior livable area: 4,712 sqft

Property

Parking

Total spaces: 4
Parking features: Assigned

Features

Levels: Two
Stories: 2
Has view: Yes
View description: City

Lot

Features: Cleared
Topography: Sloping

Details

Parcel number: 1240150660000
Zoning description: 12 - A-2 Medium Density Apartme
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex

Materials

Hollow Tile, Masonry, Concrete, Stucco

Condition

Average Condition
Year built: 1957

Utilities & green energy

Sewer: Connected
Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet 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: $509/sqft
Tax assessed value: $1,946,900
Annual tax amount: $6,804
Date on market: 10/14/2026
Total actual rent: 14625
Tenant pays: Cable TV, Electricity, Parking Fee

Estimated market value

Not available

Estimated sales range

Not available

$2,183/mo

Price history

Date	Event	Price
10/15/2026	Listed for sale	$2,400,000-4%$509/sqft
Source: HiCentral MLS #202619361 Report a problem
9/30/2026	Listing removed	$2,500,000$531/sqft
Source: HiCentral MLS #202605936 Report a problem
3/24/2026	Listed for sale	$2,500,000+343.3%$531/sqft
Source: HiCentral MLS #202605936 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
9/21/2018	Listing removed	$1,150
Source: Owner Report a problem
8/21/2018	Price change	$1,150+4.5%
Source: Owner Report a problem
8/11/2018	Listed for rent	$1,100
Source: Owner Report a problem
1/5/2011	Sold	$564,000+6.7%$120/sqft
Source: Public Record Report a problem
2/1/1996	Sold	$528,500$112/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$6,814 +0.2%	$1,946,900 +0.2%
2025	$6,799 +0.3%	$1,942,600 +0.3%
2024	$6,782 0%	$1,937,700 0%
2023	$6,784 +4.2%	$1,938,300 +4.2%
2022	$6,508 +2.7%	$1,859,300 +2.7%
2021	$6,334	$1,809,700 +2.9%
2020	--	$1,758,800 +3.3%
2019	$5,959 +15.9%	$1,702,700 +15.9%
2018	$5,144 -2.4%	$1,469,700 -2.4%
2017	$5,269 -1.6%	$1,505,500 -1.6%
2016	$5,353 +9.3%	$1,529,400 +9.3%
2015	$4,897	$1,399,000 +15.1%
2014	--	$1,215,800