Movoto Real Estate
Sold on 07/11/2023
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1126 3rd Ave, Honolulu, HI 96816

$2,615,000

Last sold 07/11/2023 for $2.42M

  • bed

  • bath

Multi-family not for sale

About 1126 3rd Ave

Property type Multi-family
Neighborhood
Year built 1931
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Rental estimate
Property description
Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15,000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor). Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters. Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income. Three generations of the same family have enjoyed ownership the past 78 years.
Listed by
Listing Agent - Sue Young
Listing Agent Contact: (808) 946-1145
Listing Office - Sue Young
Source: HiCentral mls logo
MLS#202306339 • last updated 2 years ago
Movoto checked HiCentral for data 28 minutes ago
Overview
Cooling/AC Central Air
Levels/Style One, Two, Apartment, MultiFamily, Other
SubType Multi Family
MLS # 202306339
Status Closed
Lot Size (SqFt) 15000
Property Tax 8306.16
Property Condition Good Condition
Year Built 1931
Interior
Laundry CoinOperated, InUnit
Exterior
Foundation Slab
# Parking Spacers 17
Amenities / Utilities
Water Source Public
Furnished Partially
Location
View Garden
County Oahu
Area DiamondHd
Community Features None, StorageFacilities
Subdivision KAIMUKI
APN 1-3-2-001-036-0000
Zoning 7 - R-3.5 Residential District
Multifamily Details
Total Actual Rent 14713.5
Net Operating Income 103660
Expense: Operating 72902
Lot/ Land Details
Topography Sloping
Frontage Other
$2.61M
Range: $1.83M-$3.39M
Last 30 days 
Rental est.: $3,475/month
Gross rent multiplier: 58.2
  • Jun 2024
    mls logo MLS # 202306339
  • Jun 15, 2024 Sold
    $2,425,000
  • Mar 16, 2023 Listed
    $2,700,000
  • Sep 2023
    mls logo MLS # 202306488
  • Sep 26, 2023 Cancelled
  • Jul 12, 2023 Sold
    $2,425,000
  • Apr 15, 2023 Active
  • Mar 19, 2023 Listed
    $2,700,000 (+58.8%)
  • Jul 2023
    Public Records
  • Jul 11, 2023 Sold
    $2,425,000 (-10.2%)
  • Mar 2023
    mls logo MLS # 202306368
  • Mar 16, 2023 Cancelled
  • Mar 16, 2023 Price Change
    $1,700,000 (-37.0%)
  • Year Property taxes Tax assessment
  • 2025
    $9,692 +26.4%
    $2,673,300 -3.46%
  • 2023
    $7,666 -7.7%
    $2,769,200 +16.69%
  • 2022
    $8,306 +1.4%
    $2,373,200
  • 2021
    $8,192 +18.9%
    $2,373,200 +20.54%
  • 2020
    $6,891 +9.3%
    $1,968,800 +6.84%
  • 2018
    $6,305 +5.3%
    $1,842,800 +7.7%
  • 2017
    $5,989 -5.6%
    $1,711,100 -5.59%
  • 2016
    $6,344 +13.1%
    $1,812,500
  • 2015
    $5,607
  • 1126 3rd Ave
    $2.42M
  • Diamond Head - Kapahulu - St. Louis
    $1.09M +5% y/y
  • 96816
    $1.48M +10% y/y
  • Honolulu
    $606K -3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 1126 3rd Ave
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