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Kina Knisley

kinak@kw.com +1(808) 681-9594

Listed by REMAX Hawaii

$ 1,695,000

Est. payment | -/mo

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$ 1,695,000

Est. payment | -/mo

Save Virtual Tour

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Alewa Heights

MLS Listing ID 202604529

Construction Status Good Condition

HOA Y/N No

Year Built 1939

Annual Tax Amount $4,468

Property Sub-Type Multi Family

Property Description

An extremely attractive residential offering to acquire 3 detached dwellings, all located on a single parcel in Honolulu. The property offers stable cash flow combined with low maintenance costs and strong appreciation potential. 2025 renovations make this offering ideal for 1031 exchange or investors seeking stable NOI and low operating costs. 2 rental units provide immediate income of $5,750/mo. incl. GET plus potential income of $3,400/mo. incl. GET from the 3rd home for a total of $9,150/mo. in income. A rare multi-family investment with high rental demand and reduced management intensity compared to larger multi-family properties. Each house offers 2 bedrooms and 1 bathroom, separate electric meter, small private yard, remodeled kitchen with new appliances and flooring. Gently sloped parcel in a desirable neighborhood, located close to schools and restaurants, with views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, with newer exterior storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).

Location

State HI

County Oahu

Community None, Storage Facilities

Area Metro

Interior

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Covered, Open, Tandem

Community Features None, Storage Facilities

Utilities Available Above Ground Utilities, Electricity Available, Natural Gas Available, Water Available, Sewer Connected

View Y/N Yes

View City, Mountain(s), Ocean

Total Parking Spaces 5

Building

Lot Description Interior Lot, Irregular Lot, Level

Dwelling Type Multi Family

Entry Level One

Foundation Slab

Sewer Connected

Water Public

Level or Stories One

Construction Status Good Condition

Schools

Elementary Schools Maemae

Middle Schools Kawananakoa

High Schools Mckinley

Others

Tax ID 1-1-8-033-022-0000

Special Listing Condition None

Virtual Tour https://listings.hetproductions.com/sites/emovxxoy/unbranded

Nearby Locations

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Kina Knisley

REALTOR® | Lic# RS-78283

kinak@kw.com

+1(808) 681-9594

1347 Kapiolani Blvd Ste. 300, Honolulu, HI, 96814, USA

1156 Alewa DR Honolulu, HI 96817

Kina Knisley

Key Details

Location

Interior

Exterior

Building

Schools

Others

1156 Alewa DR