509 University Ave #205 · Urban Honolulu, HI 96826

$299,000

1 bd · 1.0 ba · 551 sqft · Condo public records · 514 Days on market

Built 1961 $543/sqft · 35% below area Est $457k · 35% under $1078/mo HOA · 39% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +5.4/30.0
• Appreciation +4.5/10.0
• 1% rule +4.4/10.0
• Schools +3.7/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

Key facts

• Ala wai pathway
• Well-served bus line
• University of hawaii

Tags

• ALA WAI PARK RECREATION AREA
• ALA WAI PATHWAY
• UNIVERSITY OF HAWAII
• SELECTION OF SHOPS
• ENTICING RESTAURANTS
• WELL-SERVED BUS LINE

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $299k.

Deal economics

• At list price, monthly cash flow is $-780 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $161k (46.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (6.4% below list).
• Recommended offer: $161k (46.1% below list) — sets the bar for cash-flow.
• Cap rate 3.7% vs local median 1.5% in Urban Honolulu — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Hawaii Department Of Education (suburban): math 32% / reading 50% proficiency, ranked #1 of 1 in HI (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ala Wai Elementary School (math 22% / reading 37%, grade F, #122 of 183 statewide, top 71%, 356 students, 59% FRL); President George Washington Middle School (math 30% / reading 46%, grade F, #17 of 42 statewide, top 39%, 569 students, 61% FRL); Kaimuki High School (math 12% / reading 47%, grade F, #35 of 43 statewide, top 86%, 620 students, 60% FRL) — zoned schools average 60% FRL vs 39% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.5%/yr); 161 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).
• At $2,799/mo this rent would consume 49% of the median local household income ($68k/yr) (locally 2466% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-1.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 514 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 29y ago; this cycle's ask has dropped $76k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $299k implies a 252% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; HOA is 39% of rent.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,178 (46.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 514 days. Have you received any prior offers? Is the seller open to a 46% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.94% ✗
• Cap rate: 3.66%
• Cash-on-cash: -9.39%
• DSCR: 0.58
• GRM: 8.9

CMA / ARV

• ARV (median comp): $456,956
• List price: $299,000
• Delta: -34.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-1.0% appreciation · 3.55% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.16×
• Total profit: $-70,101
• Equity at exit: $72,105

10-year hold

• IRR: -12.1%
• Equity multiple: -0.10×
• Total profit: $-91,795
• Equity at exit: $75,655

Cash invested: $83,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 37 Tenant-Leaning
• State Hawaii: 37 Tenant-Leaning · D+13
• County: — inherits STATE
• City: — inherits STATE

Honolulu has source-of-income protections; warranty of habitability strong.

Methodology + full state rankings →

ZIP-level market 96826

• Home prices YoY: -0.4%
• Rents YoY: 3.5%
• Active inventory: 161
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,799 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$96 /mo · $1,152/yr
• Insurance: −$125
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$1,078
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $-780

Break-even live

Break-even rent $3,787

Max offer price $161,178

Occupancy floor —

Sensitivity live

Price	-10% $-611	-5% $-696	+0% $-780	+5% $-865	+10% $-949
Rent	-10% $-1,001	-5% $-891	+0% $-780	+5% $-670	+10% $-559
Rate	-1.0pp $-630	-0.5pp $-704	base $-780	+0.5pp $-858	+1.0pp $-936

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 University Ave Honolulu, HI	1.0–2.0	1.0–2.5	826	$2,650	$3.21	13d	3	0.05mi
555 University Ave Honolulu, HI	1.0	1.0	684	$2,850	$4.17	4d	2	0.08mi
2333 Kapiolani Blvd Unit 1008B Honolulu, HI	2.0	1.0	600	$2,700	$4.50	25d	1	0.15mi
2121 Ala Wai Blvd Honolulu, HI	2.0	1.0–3.0	1006	$4,400	$4.37	12d	1	0.19mi
2121 Ala Wai Blvd Honolulu, HI	2.0	1.0–3.0	1006	$4,150	$4.12	4d	2	0.19mi
2121 Ala Wai Blvd Honolulu, HI	2.0	1.0–3.0	1006	$4,200	$4.17	22d	2	0.19mi
2499 Kapiolani Blvd Honolulu, HI	1.0	1.0	474	$2,675	$5.64	18d	2	0.21mi
2499 Kapiolani Blvd Honolulu, HI	1.0–2.0	1.0–1.5	575	$2,750	$4.78	12d	2	0.21mi
445 Kaiolu St Honolulu, HI	1.0	1.0	490	$3,400	$6.94	18d	1	0.22mi
440 Olohana St Unit 1327711P Honolulu, HI	1.0	1.0	355	$3,741	$10.54	3d	1	0.23mi
440 Olohana St Unit 1327703P Honolulu, HI	1.0	1.0	355	$4,055	$11.42	13d	1	0.23mi
2499 Kapiolani Blvd #3800 Honolulu, HI	2.0	1.5	676	$3,200	$4.73	4d	1	0.24mi
2211 Ala Wai Blvd Honolulu, HI	1.0	1.0	437	$3,100	$7.09	25d	1	0.25mi
2211 Ala Wai Blvd #1108 Honolulu, HI	1.0	1.0	413	$2,600	$6.30	25d	1	0.25mi
430 Lewers St Unit 14D Honolulu, HI	1.0	1.0	732	$2,900	$3.96	25d	1	0.25mi
430 Lewers St Unit 25E Honolulu, HI	1.0	1.0	673	$2,700	$4.01	25d	1	0.25mi
2140 Khi Ave Honolulu, HI	1.0	1.0	577	$4,500	$7.80	25d	1	0.28mi
2140 Khi AVE Unit 2306 Honolulu, HI	1.0	1.0	553	$2,700	$4.88	18d	1	0.28mi
2140 Khi AVE Unit 803 Honolulu, HI	—	1.0	460	$4,990	$10.85	45d	1	0.28mi
2140 Khi AVE Unit 2006 Honolulu, HI	1.0	1.0	553	$3,400	$6.15	4d	1	0.28mi
2140 Khi Ave. unit Ph 2506 Honolulu, HI	1.0	1.0	678	$3,200	$4.72	16d	1	0.28mi
2710 Kaaha St Honolulu, HI	1.0	1.0	418	$3,300	$7.89	25d	1	0.35mi
445 Seaside Ave #2220 Honolulu, HI	1.0	1.0	570	$2,625	$4.61	13d	1	0.36mi
2281 Ala Wai Blvd #902 Honolulu, HI	2.0	1.0	609	$3,950	$6.49	15d	1	0.36mi
2045 Kalakaua Ave Honolulu, HI	1.0	1.0	657	$4,200	$6.39	45d	1	0.37mi
909 Coolidge St #301 Honolulu, HI	1.0	1.0	576	$3,050	$5.30	25d	1	0.41mi
909 Coolidge St #301 Honolulu, HI	1.0	1.0	576	$3,950	$6.86	4d	1	0.41mi
902 University Ave Unit C Honolulu, HI	2.0	1.0	415	$2,318	$5.58	25d	1	0.44mi
2345 Ala Wai Blvd #1514 Honolulu, HI	1.0	1.0	555	$2,800	$5.05	25d	1	0.46mi
1861 Kapiolani Blvd Unit C Honolulu, HI	1.0	1.0	525	$2,700	$5.14	22d	1	0.54mi
425 Ena Rd Unit 204C Honolulu, HI	1.0	1.0	600	$2,700	$4.50	25d	1	0.54mi
2380 Kuhio Ave Honolulu, HI	3.0	1.0–3.0	1212	$6,652	$5.49	3d	51	0.56mi
223 Saratoga Rd #1012 Honolulu, HI	—	1.0	559	$2,700	$4.83	18d	1	0.56mi
417 Kanekapolei St Honolulu, HI	1.0	1.0	566	$1,695	$2.99	45d	1	0.58mi
232 Kaiulani Ave Honolulu, HI	3.0	1.0	656	$3,088	$4.71	25d	8	0.59mi
400 Hobron Ln #2712 Honolulu, HI	1.0	1.0	582	$2,700	$4.64	13d	1	0.59mi
2415 Ala Wai Blvd #1802 Honolulu, HI	1.0	1.0	560	$3,000	$5.36	45d	1	0.60mi
2415 Ala Wai Blvd Honolulu, HI	1.0–2.0	1.0	665	$2,750	$4.13	18d	3	0.61mi
2407 Tusitala St Unit 304 Honolulu, HI	1.0	1.0	480	$1,500	$3.12	45d	1	0.61mi
411 Hobron Ln Unit 1327718P Honolulu, HI	1.0	1.0	538	$3,558	$6.61	13d	1	0.61mi

HOA detail condo

• Monthly dues: $1,078 · $12,936/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-21
   days on market $299,000 Active 514 DOM
2. 2026-06-18
   days on market $299,000 Active 511 DOM
3. 2026-06-17
   days on market $299,000 Active 510 DOM
4. 2026-06-15
   days on market $299,000 Active 508 DOM
5. 2026-06-13
   days on market $299,000 Active 506 DOM
6. 2026-06-13
   days on market $299,000 Active 505 DOM
7. 2026-06-10
   days on market $299,000 Active 503 DOM
8. 2026-06-09
   days on market $299,000 Active 502 DOM
9. 2026-06-08
   pricedays on market $299,000 Active 501 DOM
10. 2026-06-07
    days on market $309,999 Active 500 DOM
11. 2026-06-05
    days on market $309,999 Active 497 DOM
12. 2026-06-03
    days on market $309,999 Active 496 DOM
13. 2026-06-02
    days on market $309,999 Active 495 DOM
14. 2026-06-01
    days on market $309,999 Active 494 DOM
15. 2026-05-31
    days on market $309,999 Active 493 DOM
16. 2026-04-16
    price $309,999 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

17. 2026-02-14
    price $320,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

18. 2026-02-04
    price $325,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

19. 2026-01-30
    price $330,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

20. 2025-12-23
    price $335,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

21. 2025-07-02
    price $339,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

22. 2025-06-15
    price $340,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

23. 2025-06-10
    price $345,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

24. 2025-06-01
    price $350,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

25. 2025-05-02
    price $355,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

26. 2025-02-01
    price $360,000 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

27. 2025-01-23
    listed $375,000 Active 855-char remark

    Show marketing remark (855 chars)

    Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration. As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

28. 1998-01-02
    soldstatus $85,000
29. 1998-01-02
    soldstatus $85,000
30. 1997-11-19
    historical
31. 1997-09-25
    listed $109,000
32. 1972-02-01
    soldstatus $32,800

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast HI · Partial reset (capped growth)

• Current annual tax: $1,152 · $96/mo
• Projected year-2 tax: $1,152 · $96/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $33,593
• − Mortgage interest: −$16,749
• − Property taxes: −$1,152
• − Insurance: −$2,998
• − Repairs & maintenance: −$2,687
• − Management: −$2,687
• − HOA: −$12,936
• − Depreciation: −$8,698
• Taxable loss: −$14,313
• Est. tax savings @ 24.0%: +$3,435
• After-tax cash flow: $-5,927/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hawaii Department Of Education
• NCES district ID: 1500030
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $69,005
• Composite: 37.07/100
• National rank: #4504
• State rank: #1 of 1 in HI

Livability — Urban Honolulu

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Urban Honolulu, HI
• County: Honolulu County · 963,448 people
• City population: 309,956
• Metro: Urban Honolulu, HI
• Population (ZIP): 29,174
• Household income: $68,296
• Rent vs Own: 66.2% rent · 33.8% own
• Severe rent burden: 2466.0

Population outlook (Honolulu County) Hauer SSP2

• Today (2025): 1,072,641 people
• By 2030: 1,110,460 · +3.5%
• By 2040: 1,181,593 · +10.2%
• By 2050: 1,257,584 · +17.2%
• By 2075: 1,501,120 · +39.9%
• By 2100: 1,764,430 · +64.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Asian 54% Two or more races 18% White 13% Pacific Islander 10% Hispanic / Latino 6% Black 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Russian 1% Lithuanian 1% Serbian 1%
• Foreign-born: 30% · Vietnam, China, South Korea
• Languages at home: 63% English-only · Other Asian/Pacific 13% Chinese 6% Vietnamese 6%

Political lean MEDSL · Honolulu

• 2024 margin: Strong D (+21.6) · D 59.9% · R 38.3% · Other 1.8%
• 2008→2024 swing: -19.4pp toward R · 2008: 41.1pp · 2024: 21.6pp
• All cycles: 2024: D+21.6 2020: D+26.9 2016: D+29.9 2012: D+39.1 2008: D+41.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.00%
• Current HPI: 272.9183
• Rent YoY: ▲ 3.55%
• Metro: Urban Honolulu, HI
• State GDP YoY: —
• F500 in state: 0

Price history

+845.1% since first listed

17 events — show timeline

• 2026-04-16 Price Changed $309,999 HiCentral MLS
• 2026-02-14 Price Changed $320,000 HiCentral MLS
• 2026-02-04 Price Changed $325,000 HiCentral MLS
• 2026-01-30 Price Changed $330,000 HiCentral MLS
• 2025-12-23 Price Changed $335,000 HiCentral MLS
• 2025-07-02 Price Changed $339,000 HiCentral MLS
• 2025-06-15 Price Changed $340,000 HiCentral MLS
• 2025-06-10 Price Changed $345,000 HiCentral MLS
• 2025-06-01 Price Changed $350,000 HiCentral MLS
• 2025-05-02 Price Changed $355,000 HiCentral MLS
• 2025-02-01 Price Changed $360,000 HiCentral MLS
• 2025-01-23 Listed $375,000 HiCentral MLS
• 1998-01-02 Sold (Public Records) $85,000 Public Records
• 1998-01-02 Sold (MLS) $85,000 HiCentral MLS
• 1997-11-19 Listing Removed — HiCentral MLS
• 1997-09-25 Listed $109,000 HiCentral MLS
• 1972-02-01 Sold (Public Records) $32,800 Public Records

Property tax history

+2.9%/yr

Latest (2022): $1,152 · +10.0% YoY. Source: county tax records.