Honolulu Multifamily Development Opportunity

1449 Punchbowl Street, Honolulu, HI 96813

View on Map

For Sale

$2,500,000

MULTI_FAMILY - Honolulu, HI

We can help!

Contact an agent

Kevin K Uyeda

Real Estate License ID: RB-16212

HighLights

Existing 2‑story hollow tile building built in 1953 with 6 spacious 2‑bedroom apartments
Apartment interiors include custom cabinets and countertops
Proposed development plan: 5‑story residential apartment building with 21 units and 11 parking stalls (subject to zoning and permit approvals)
Utilities include public water and cable available
Parking features include open and assigned stalls
Location highlights: walking distance to Queen's Hospital and State Capitol; minutes to downtown Honolulu; easy access to H1 and nearby bus stops

For Sale

$2,500,000

MULTI_FAMILY - Honolulu, HI

Added:: Aug 26, 2025
Days on Market:: 316
Last Refresh:: Jul 7 at 2:06 am

Property Features for 1449 Punchbowl Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 8
Parking features: Open, Assigned
Appliances: Washer
Standard status: Active
APN: 1-2-1-022-011-0000

Taxes and HOA fees

Tax Annual Amount: 5496

Utilities

Utilities: Cable Available
Water source: Public

Building Details

Year built: 1953
Floors in Building: 2
Number of units: 6
Building materials: Hollow Tile

We can help!

Contact an agent

Kevin K Uyeda

Listing agent Kevin K Uyeda License #RB-16212

Listing office KLU Real Estate Inc. 95-1095 Ainamakua Drive Suite 2, HI

Listing date Aug 26, 2025

MLS# 202517626 Listing URL

HighLights

Existing 2‑story hollow tile building built in 1953 with 6 spacious 2‑bedroom apartments
Apartment interiors include custom cabinets and countertops
Proposed development plan: 5‑story residential apartment building with 21 units and 11 parking stalls (subject to zoning and permit approvals)
Utilities include public water and cable available
Parking features include open and assigned stalls
Location highlights: walking distance to Queen's Hospital and State Capitol; minutes to downtown Honolulu; easy access to H1 and nearby bus stops

Overview

This property presents a development opportunity with plans aligning with Bill 7 provisions. The proposed development includes a 5-story residential apartment building featuring 21 units and 11 parking stalls. Rendered images reflect a development option to maximize rental income, subject to zoning and permit approvals. The property is centrally located near Queens Hospital in Honolulu, offering easy access to the H1 Highway and bus stops. The existing hollow tile building contains 6 spacious 2-bedroom apartments with custom cabinets and countertops. It is within walking distance of Queen's Hospital and the State Capitol, and minutes from downtown Honolulu. This location offers an investment opportunity in a high-demand area with strong development upside.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Honolulu
County: Honolulu
State: Hawaii
Longitude: -157.853991
Latitude: 21.310318

Nearby Similar for Sale

$5,295,000

4,400 SF

Honolulu Mixed-Use Commercial Property

Multi-tenant office building and warehouse in Honolulu for sale.

2045 Kamehameha IV Road, Honolulu, HI 96819

View Details
$4,000,000

Two-Story Office Building with Private Offices

Turn-key two-story office building with private offices, conference space, and gated parking, designed for professional owner-users.

3113 Olu Street, Honolulu, HI 96816

View Details
$1,780,000

Live-Work Retail Building with Parking

Two-story live-work retail building with centralized air and nine off-street parking stalls.

2203 Young Street, Honolulu, HI 96826

View Details
$550,000

Waikiki Medical/Professional Office Space

Turnkey medical/professional office in a vibrant Waikiki location.

400 Hobron Lane, Honolulu, HI 96815

View Details
$1,900,000

4,400 SF

Honolulu Warehouse in Kalihi I-2

Warehouse in Kalihi I-2 corridor with convenient access.

1818 Kahai Street, Honolulu, HI 96819

View Details
$660,000

2,438 SF

Professional Office Suites with Parking

Well-appointed office layout with reception, conference rooms, multiple restrooms, and covered parking.

222 Vineyard Street, Honolulu, HI 96813

View Details
$207,500

Waikiki Commercial Office Space

Fee simple office space in the heart of Waikiki.

400 Hobron Lane, Honolulu, HI 96815

View Details
$2,595,000

Two-Building Multifamily Income Property

Two hollow-tile buildings with a front residential-over-bakery setup, 9 rear one-bedrooms, and covered parking.

3154 Waialae Avenue, Honolulu, HI 96816

View Details
$2,595,000

Multifamily Building with Covered Parking

Two hollow-tile rental buildings with 10 covered parking and separately metered utilities for flexible tenant operations.

3154 Waialae Avenue, Honolulu, HI 96816

View Details
$2,700,000

Street-Level Restaurant and Office Building

Fee simple mixed-use building with a street-level restaurant lease and multiple office units, including currently vacant space.

1726 S King Street, Honolulu, HI 96826

View Details
$695,000

2,438 SF

Honolulu Office Unit For Sale

Office unit with storage, conference rooms, and covered parking.

222 Vineyard Street, Honolulu, HI 96813

View Details
$1,425,000

Well-Maintained 7-Unit Apartment Property

Two-structure rental property offering a mix of one-bedroom and studio units with recent interior and exterior updates.

1812 Algaroba Street, Honolulu, HI 96826

View Details

For sale
Apartment buildings
HI
Honolulu
96813
1449 Punchbowl Street

What type of property is this?

Apartment building - Development opportunity near Queens Hospital with plans for 21 units.

Where is this apartment building located?

The property is located at 1449 Punchbowl Street Honolulu, HI.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Existing 2‑story hollow tile building built in 1953 with 6 spacious 2‑bedroom apartments; Apartment interiors include custom cabinets and countertops; Proposed development plan: 5‑story residential apartment building with 21 units and 11 parking stalls (subject to zoning and permit approvals)

1449 Punchbowl Street, Honolulu, HI 96813

MULTI_FAMILY - Honolulu, HI

Property Features for 1449 Punchbowl Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Honolulu Mixed-Use Commercial Property

Two-Story Office Building with Private Offices

Live-Work Retail Building with Parking

Waikiki Medical/Professional Office Space

Honolulu Warehouse in Kalihi I-2

Professional Office Suites with Parking

Waikiki Commercial Office Space

Two-Building Multifamily Income Property

Multifamily Building with Covered Parking

Street-Level Restaurant and Office Building

Honolulu Office Unit For Sale

Well-Maintained 7-Unit Apartment Property

FAQs