1 month on rocket

1420 Ward Ave, Honolulu, HI, 96822

$2,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1420 Ward Ave, Honolulu$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned, Covered
Year Built1957
ViewOther
MLS #202421951
StatusActive

About 1420 Ward Ave

PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.

Property Details

Property Features

Property Information:

  • Year Built: 1957
  • Stories: 2

Listing Office:

  • Office Name: Standard Management LLC
  • Office Phone: (808) 208-8107
  • Agent Phone: (808) 208-8107

Interior Features

Interior Information:

  • Appliances: Washer

Exterior Features

Exterior Information:

  • View: Other

Parking Information:

  • Parking: Assigned, Covered

Lot Features

Lot Information:

  • Lot: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000

Tax Information:

  • Annual Amount: $4,823
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Honolulu, HI.

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Honolulu, HI

City

Med. Sold Price

$688.7K

Med. Price/SqFt

$711

Avg. Days On Market

54

# of Sold Homes

278

1420 Ward Ave vs Honolulu

45 DAYS ON ROCKET

-9 Days

$2,250,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price in Honolulu, HI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HICMLS
  • MLS Number: #202421951

Listing Office:

  • Office Name: Standard Management LLC
  • Office Phone: (808) 208-8107
  • Agent Phone: (808) 208-8107

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,823$1,378,000
2020$4,907$1,402,200
2019$4,138$1,265,900
2018$4,139$1,182,500
2017$3,965$1,132,800

History based on county public records data.

Payment Calculator

$11.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-262431
3
/10

  • Queen Kaahumanu Elementary School

  • 1141 Kinau St

  • 0.40 miles

  • Public District Grades PK-5

school-card-donut-262432
3
/10

  • Royal Elementary School

  • 1519 Queen Emma St

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-262433
8
/10

  • President Abraham Lincoln Elementary School

  • 615 Auwaiolimu St

  • 0.67 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,174. The most common annual income of people living in Honolulu, HI is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Hawaii›Honolulu County›Honolulu›96822›1420 Ward Ave

This home is located at 1420 Ward Ave in Honolulu, HI and zip code 96822 in the Makiki / Lower Punchbowl / Tantalu neighborhood. This home was built in 1957. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $2,250,000.

Over 41 listings were sold over their listed price in October 2024 in Honolulu, HI. In the same period over 174 listings were sold below the listed price and 63 listings were sold for the listed price. The inventory of homes for sale in Honolulu, HI between September 2024 and October 2024 increased by 7.7%. Listings spent 54 days on the market in October 2024, and had a median list price of $688,705 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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