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$1,599,000
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Property Description
Multi-Unit Investment Opportunity in Prime Punchbowl Location with beautiful ocean, sunset, mountain, and city views from the balcony! A rare find in the Punchbowl area! This versatile property features two separate structures with a total of five units, offering an incredible investment opportunity. With four units currently generating $5,650 in monthly rental income, potentially $9650 with 5th rental unit for even more revenue! The property includes a carport for three vehicles, copper piping in the main unit, and a highly desirable location with proximity to UH Manoa, HPU, community colleges, hospitals, downtown, and major conveniences. Investor-friendly and tenant-occupied-please allow 48-hour notice for showings. Do not disturb tenants. Don't miss this chance to own a fantastic income-producing property in a prime Honolulu location!
Full Property Details
Full Property Details for 1578 Pele St
General
- Price: $1,599,000
- Taxes: $7,634
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202607167
- Updated: 5/8/2026
- Added to Site: 50 day(s) ago
Rental Information
- Complex Features: None
Interior
- Appliances: Dryer, Washer
- Furnishings: Partially
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Total Spaces: 3
- Parking Features: Covered, Unassigned
Location
- Area: Metro
- County: Oahu
- Subdivision: PUNCHBOWL AREA
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Other, Single Wall, Wood Frame
- Stories/Levels: 2
- Square Feet: 3,634
- Year Built: 1956
- Property Condition: Average Condition
Lot Features
- Property View: City, Mountain(s), Ocean, Sunset
- Mountain views: Yes
- Lot Size: 4656
- Topography: Sloping
- Lot Features: Corner Lot, Other
- Zoning: 07 - R-3.5 Residential District
Financial Considerations
- Operating Expenses: $14,930
- Assessment Amount: $1,428,300
- Tax Amount: $7,634.04
- Tenant Pays: Air Conditioning, Cable TV, Electricity, Other, Water
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Disclosures/Reports: Seller Disclosure, See Remarks
- Disclosures/Rstr.: Seller Disclosure, See Remarks
- Property ID: 1-2-2-003-017-0000
Listed by Coldwell Banker Island Prop
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Schools
Schools serving 1578 Pele St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Royal Elementary School 1519 Queen Emma Street, Honolulu, HI 96813 | PK-5 | 0.2 mi |
Prince David Kawananakoa Middle School 49 Funchal St, Honolulu, HI 96813 | 6-8 | 0.6 mi |
President Theodore Roosevelt High School 1120 Nehoa Street, Honolulu, HI 96822 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1578 Pele St
Date
Details
Price
Change
Source
4/08/2026
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1578 Pele St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,317
-10%
$1,318,800
-4%
2023
$9,252
174%
$1,378,700
-6%
2022
$3,378
—
$1,460,700
51%
2022
$3,378
—
$965,000
—
2021
$3,375
—
$964,200
-4%
2021
$3,375
-1%
$1,000,900
2%
2019
$3,422
21%
$977,600
5%
2018
$2,827
-4%
$927,700
-4%
2017
$2,950
18%
$963,000
15%
2016
$2,507
6%
$836,400
5%
2015
$2,376
19%
$798,900
4%
2013
$1,991
—
$771,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1578 Pele St
1578 Pele Street, Honolulu, HI 96813 (MLS# 202607167) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1578 Pele Street is currently listed for $1,599,000 and was received on April 08, 2026. Want to learn more about 1578 Pele Street? Do you have questions about finding other Multi-Family real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

