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$3,499,000

  • For Sale
  • Active
  • Multi-Family
  • Fee Simple
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Three buildings on one lot: a 3BD/2BA house with basement and TWO 4-unit apartments, all separately metered. 13 parking stalls and on-site laundry. Bill 7 redevelopment site with existing income. A-1 zoned. Located across from Lili'uokalani Botanical Garden with direct H-1 access and minutes to Downtown Honolulu's business core. Site has been evaluated and confirmed for Affordable Housing Development Bill 7 qualification, projecting 40 to 56 units at maximum FAR. Collect income while you pursue entitlements. Buyer to conduct own due diligence.

Full Property Details for 48 N School St

General

  • Price: $3,499,000
  • Taxes: $6,312
  • Status: Active
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202609304
  • Updated: 5/13/2026
  • Added to Site: 18 day(s) ago

Parking

  • Total Spaces: 13
  • Parking Features: Covered

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: NUUANU-LOWER

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, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Detached/Attached: Detached
  • Construction: Brick
  • Year Built: 1955
  • Property Condition: Good Condition

Lot Features

  • Property View: City, Garden
  • Lot Size: 7857
  • Topography: Level
  • Lot Features: Cleared, Corner Lot, Level
  • Zoning: 11 - A-1 Low Density Apartment

Financial Considerations

  • Operating Expenses: $9,180
  • Assessment Amount: $1,818,900
  • Tax Amount: $6,312

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Disclosures/Reports: Principal is Real Estate Licensed, Pet on Property
  • Disclosures/Rstr.: Principal is Real Estate Licensed, Pet on Property
  • Property ID: 1-1-7-009-047-0000

Listed by Hawaii Modern Realty

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Listing agent

— 48 N School St —

  • Hawaii Modern Realty

(808) 792-3910

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 N School St

School District:Hawaii Department of Education
NameGradesDistance
Kauluwela Elementary School
1486 Aala Street, Honolulu, HI 96817
PK-50.2 mi
Prince David Kawananakoa Middle School
49 Funchal St, Honolulu, HI 96813
6-80.4 mi
President William Mckinley High School
1039 South King Street, Honolulu, HI 96814
9-121.4 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 48 N School St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Price Increased
$3,499,000
6.06%
MLS
5/11/2026
Listed
$3,299,000
25.68%
MLS
3/14/2022
Sold
$2,625,000
—
Public Record
Get Price Alerts and Save Property
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 for 48 N School St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,281
—
$1,803,300
—
2023
$6,263
11%
$1,794,700
—
2022
$5,645
—
$1,789,500
11%
2022
$5,645
-1%
$1,612,900
-1%
2021
$5,688
—
$1,625,000
-9%
2021
$5,688
11%
$1,790,800
22%
2018
$5,123
1%
$1,463,700
1%
2017
$5,096
-12%
$1,456,100
-12%
2019
$5,790
5%
$1,654,200
5%
2016
$5,489
6%
$1,568,400
6%
2015
$5,175
—
$1,478,600
-3%
2013
$5,179
—
$1,521,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Hawaii Modern Realty

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48 N School Street, Honolulu, HI 96817 (MLS# 202609304) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 48 N School Street is currently listed for $3,499,000 and was received on May 11, 2026. Want to learn more about 48 N School 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.

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