Property Attributes
- MLS#202611622
- TypeMulti-Family
- Listing Status Active
- CountyHONOLULU
- CityHonolulu
- AreaMetro
- NeighborhoodMAKIKI AREA
- Zip96822
- Style
- Year Built1964
- Taxes$ 8844
- Price$ 5,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7084
Data Source:
HiCentral MLS (HICMLS)
Property Description
Exceptional opportunity to acquire a well-maintained 11-unit concrete apartment building in the highly desirable Makiki neighborhood, directly across from Makiki District Park. This investment property features eleven renovated 1-bedroom, 1-bath units with dens, averaging approximately 644 sq. ft. each. Every unit includes a private lanai and one assigned parking stall, with abundant natural light, cool trade winds, and pleasant views. Residents enjoy the convenience of an on-site coin-operated laundry. Ideally located just minutes from H-1 Freeway access, Punahou School, Maryknoll School, Kapiolani Medical Center, Shriners Children's Hawai?i, shopping, dining, and public transportation. Ownership has invested over $500,000 in recent capital improvements, reflecting pride of ownership and reducing near-term capital expenditure needs. Current rents are below market, providing an attractive value-add opportunity with future income growth potential. Fee Simple. Property to be sold in AS IS condition. Please do not disturb tenants.
| Price History | |
|---|---|
| 6/16/2026 | Listed $5,300,000 |
General Features
| Utilities | Cable Available,High Speed Internet Available,Sewer Available,Water Available,Sewer Connected |
|---|---|
| Appliances | Dryer,Washer |
| Tenant Pays | Cable TV,Electricity |
| View | City,Garden,Mountain(s),Sunrise |
| Levels | Three Or More |
| Property Subtype | Multi Family |
| Community Features | None,Other |
| County | Oahu |
| Property Type | Residential |
| Subdivision Name | MAKIKI AREA |
| Status | Active |
| ModificationTimestamp | 2026-07-14T01:33:40.147-00:00 |
| City | Honolulu |
| MLS Area | Metro |
| Property Condition | Excellent |
| Standard Status | Active |
| Tax Assessed Value | 2564700 |
| PostalCity | Honolulu |
| AttributionContact | (808) 545-4989 |
| Year Built | 1964 |
| Year Built Effective | 2023 |
| Disclosures | None |
| Zoning Description | 12 - A-2 Medium Density Apartme |
| Structure Type | Multi Family |
| Sewer | Connected |
| Construction Materials | Hollow Tile,Concrete |
| Land Tenure | FeeSimple |
| Island | Oahu |
| Number Of Units Total | 11 |
| Tax Annual Amount | 8844 |
| Topography | Level |
| Net Operating Income | 215232 |
| Operating Expense | 35562 |
| Total Actual Rent | 20900 |
Interior Features
| Furnished Y/N | Unfurnished |
|---|---|
| Laundry Features | Coin-operated |
Exterior Features
| Parking Features | Assigned,Covered,Open |
|---|---|
| Lot Features | Cleared,Other,Level |
| Total Parking | 14 |
| Lot Size Area | 7590 |
| Building Area Total | 7084 |
| Frontage Type | Other |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 26, 2026 12:07 AM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
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