48 N School St, Honolulu, HI, 96817
About This Home
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.
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Property condition: Good Condition
- Year built: 1955
Materials
- Construction materials: Brick
Notable Dates
- Major remodel year: 1985
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Cooling
- Cooling features: Central Air
Property
Details
- Parcel number: 1170090470000
- Zoning description: 11 - A-1 Low Density Apartment
- Special condition: None
Features
- Levels: Three Or More
- Has view: Yes
- View description: City,Garden
- Frontage type: Canal,Other
- Topography of land: Level
Lot
- Features: Cleared,Corner Lot,Level
Parking
- Total spaces: 13
- Parking features: Covered
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
- Inland Flooding
- Lightning
- Earthquake
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 | $17,692 | $212,304 |
| Home Insurance * | $458 | $5,496 |
| Property Taxes | $1,020 | $12,240 |
| Electricity | $374 | $4,497 |
| Total | $19,544 | $234,528 |
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 |
|---|---|---|
| 2026-05-13 | Price change | $3,499,000 |
| 2026-05-12 | Listed for sale | $3,299,000 |
| 2022-07-05 | Listing removed | $3,000,000 |
| 2021-12-16 | Contingent | $3,000,000 |
| 2021-11-22 | Listed for sale | $3,000,000 |
| 2018-02-12 | Listing removed | $1,295 |
| 2018-02-08 | Listed for rent | $1,295 |
| 2015-09-28 | Sold | $1,720,000 |
| 2015-07-11 | Price change | $1,950,000 |
| 2015-04-08 | Listed for sale | $2,250,000 |
| 2006-01-06 | Sold | $1,350,000 |
| 1998-02-05 | Sold | $259,500 |
| 1997-11-12 | Sold | $352,500 |
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