1578 Pele St, Honolulu, HI, 96813
About This Home
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!
Getting Around
Very Walkable
Excellent Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Average Condition
- Year built: 1956
Materials
- Construction materials: Other,Single Wall,Wood Frame
Notable Dates
- Major remodel year: 2026
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Washer
- Laundry features: Coin-operated
Cooling
- Cooling features: Central Air
Interior Area
- Total structure area: 3,634
- Total interior livable area: 3,634 sqft
Property
Details
- Parcel number: 1220030170000
- Zoning description: 07 - R-3.5 Residential District
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City,Mountain(s),Ocean,Sunset
- Has water view: Yes
- Water view: Ocean
- Frontage type: Other
- Topography of land: Sloping
Lot
- Features: Corner Lot,Other
Parking
- Total spaces: 3
- Parking features: Covered,Unassigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,832 | $93,984 |
| Home Insurance * | $287 | $3,444 |
| Property Taxes | $798 | $9,576 |
| Electricity | $1,170 | $14,042 |
| Total | $10,087 | $121,044 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $1,599,000 |
| 2025-09-12 | Listing removed | $1,599,000 |
| 2025-08-22 | Price change | $1,599,000 |
| 2025-05-02 | Price change | $1,649,000 |
| 2025-04-18 | Price change | $1,695,000 |
| 2025-03-17 | Listed for sale | $1,700,000 |
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