$10,000 Closing Credit¹
#202424671, Listing office: eXp Realty
$1,995,000 List price
1242 16th Ave Honolulu, HI 96816
$10,000
Closing credit¹
Multi-Family
Property details
About 1242 16th Ave
Do not miss this exceptional chance to own a unique property on an expansive 11,000+ sq ft level lot zoned R-5, offering three separate structures—perfect for investors or multi-generational living. Ideally situated in one of Honolulu’s most desirable neighborhoods, this property is just minutes from Kahala Mall, freeway access, the University of Hawaii, and downtown Honolulu. The property includes: Two 2-bedroom, 1-bathroom units, One 1-bedroom, 1-bathroom unit. Each unit is separately metered and currently tenant-occupied by long-term residents, offering immediate rental income. The property is fully enclosed and set back from the street, providing a private and peaceful setting. Ample parking accommodates both residents and guests with ease. This is a rare find with significant potential in a high-demand area. Whether you’re looking to invest, redevelop, or create a family compound, this property delivers endless possibilities. Schedule your showing today—opportunities like this don’t last long!
Highlights
Home typeMulti Family
StatusActive
Year built1913
ParkingOpen
MLS #202514232
Summary
- Appliances: Dryer, Washer
- Parking: Open
- List Price: $1,995,000
- Annual Tax Amount: $5,132
- Tax Year: 2024
- Lot: Cleared, Interior Lot, Level
- Year Built: 1913
- Stories: 1
- MLS Number: 202514232
- MLS Name: HICMLS
- Office Name: BHGRE Advantage Realty
- Office Phone: (808) 738-3600
- Agent Phone: (808) 389-7326
- Agent Email: SeanT@BetterHawaii.com
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/17/2025, 9:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,995,000
1242 16th Ave
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 19, 2003 | Home Sold | $638,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,471,300 | $5,132 |
| 2023 | $1,466,500 | $4,915 |
| 2022 | $1,404,300 | $4,915 |
| 2021 | $1,360,000 | $4,760 |
| 2020 | $1,362,200 | $4,767 |
| 2019 | $1,329,000 | $4,530 |
| 2018 | $1,294,300 | $4,530 |
| 2017 | $1,213,500 | $4,247 |
History based on county public records data.
Nearby schools
5
Waialae Elementary - Public Charter School
Public Charter PK-5
0.3 mi
•1045 19th Ave
5
Mayor John H Wilson Elementary School
Public District PK-5
0.6 mi
•4945 Kilauea Ave
5
Kahala Elementary School
Public District PK-5
0.8 mi
•4559 Kilauea Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $74,583. The most common annual income of people living in Honolulu, HI is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
43%
35k-100k
22%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
6%
Single, with Kids
30%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
44%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Live Theatre
Hiking/backpacking
Men's Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Crate & Barrel
Where do the neighbors go to eat?
Boston Market
Starbucks
The Cheesecake Factory
What do the neighbors drive?
Mercedes
Audi
Volvo
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1242 16th Ave
The listing price of 1242 16th Ave property is $1,995,000.
The property 1242 16th Ave is a multi located in Honolulu, Hawaii, 96816.
Active Listing: 1242 16th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1242 16th Ave are: Waialae Elementary - Public Charter School (GreatSchools Rating 5/10), Mayor John H Wilson Elementary School (GreatSchools Rating 5/10), Kahala Elementary School (GreatSchools Rating 5/10), School for Examining Essential Questions of Sustainability (GreatSchools Rating 5/10), Kaimuki Middle School (GreatSchools Rating 9/10), William P Jarrett Middle School (GreatSchools Rating 7/10), Kalani High School (GreatSchools Rating 9/10), Kaimuki High School (GreatSchools Rating 3/10), Anuenue School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $5,132 (source: MLS/based on county public records data).
The last sale was on March 19, 2003 for $638,900 (source: MLS/tax record).
The year of construction for 1242 16th Ave is 1913.
This home is located at 1242 16th Ave in Honolulu, HI and zip code 96816 in the Wilhelmina neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $1,995,000.
While more than 47 listings in Honolulu, HI in May 2025 were sold above asking price, there were more than 47 listings sold at asking price, and more than 171 were sold below. In May 2025 in Honolulu, HI there were 8.3% more homes for sale than in April. Listings spent 66 days on the market in May 2025, and had a median list price of $715,038 during the same period.
From Rocket Homes Real Estate and based on county public records data.