48 N School Street, Honolulu, HI 96817

$3,499,000

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List Price
$3,499,000
Status
ACTIVE
Type
Multifamily
MLS#
202609304
Price Change
▲ $200,000 1778722004
Days on Market
77
Land Area
7,857
Year Built
1955
Property Type
Residential
Neighborhood
Nuuanu Lower
Land Tenure
FS - Fee Simple

Property Description

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.

Additional Information

Island
Oahu
Utilities
Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View
City, Garden
Lot Size
7,857
Construction Materials
Brick
Neighborhood
Nuuanu Lower
Frontage
Canal, Other
Year Built
1955
Sewer
Connected
Parking Features
Covered
Lot Features
Cleared, Corner Lot, Level
Assessed Total
1818900
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hawaii Modern Realty.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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