216 Iolani Ave, Honolulu, HI 96813

Studio-- baths4,488 sqft

For Sale
Zestimate®: $1,837,288
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My Notes

Seven (7) - 2 bedroom / 1 bath homes on over 10,000 SF of A-1 (Apartment) zoned land! Each home comes with an assigned carport! Perfect property for redevelopment, CPR, and / or long term hold for cashflow. Highly desirable location with easy access to downtown Honolulu! Good upside potential to raise rents. Several units have been updated with improvements and property has been recently painted. Land Tenure: FS - Fee Simple, Agent License #: RB-19914


  • Lot: 10,484 sqft
  • Multi Family
  • Built in 1930
  • 78 days on Zillow
  • Views since listing: 427
  • All time views: 1,035
  • Last sold: Dec 2013 for $1,400,000
  • Last sale price/sqft: $312
  • MLS #: 201512035


  • Cable Ready
  • Furnished
  • Parking: 1396 sqft
  • View: City

    Additional Features

    • Amenities: None
    • Construction Materials: Single Wall
    • Land Tenure: FS - Fee Simple
    • Clear
    • Assigned
    • Covered
    • Property Condition: Average
    • Property Frontage: Other
    • Sewer: Connected
    • Stories Type: One
    • Utilities: Overhead Electricity
    • Utilities: Public Water
    • Easements: None
    • Property Condition: Fair
    • Utilities: Water
    • Topography: Terraced
    • Property Sub Type: Multi-Family


    • Exterior material: Wood
    • Roof type: Composition
    • Room count: 35
    • Stories: 1
    • Structure type: Contemporary
    • Unit count: 7


    • Floor size: 4,488 sqft
    • Parcel #: 1220030200000
    • Zillow Home ID: 82507576

    Zestimate Details

    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    -$56,378 Last 30 days
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    +$201 Last 30 days
    Zestimate range

    Comparable Homes

    Homes like this sold for $1.05-3.15M.


    Popularity on Zillow

    Trending! This home is one of the top 10% most visited in the neighborhood this week.
    427 views since listing
    1,035 all-time (chart)


    Neighborhood: Nuuanu-Punchbowl

    Zillow predicts Nuuanu-Punchbowl home values will rise 4.3% next year, compared to a 6.1% rise for Honolulu as a whole. Among Nuuanu-Punchbowl homes, this home is 211.7% more expensive than the midpoint (median) home, but is priced 4% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In the Nuuanu-Punchbowl market, the number of foreclosures waiting to be sold shrank 3.9% in the last year. The number of unsold foreclosures is 70.3% lower than in Honolulu, and 90.1% less than the national average. This lower local number could help Nuuanu-Punchbowl home values rise more quickly than other regions in Honolulu.
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