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Lex Ferguson

lex@lifeonoahu.com +1(808) 277-4715

Listed by Five Star Realty, Inc.

$1,785,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Mccully

MLS Listing ID 202616551

Construction Status Good Condition

HOA Y/N No

Year Built 1941

Annual Tax Amount $4,044

Property Sub-Type Multi Family

Property Description

The property features an attractive unit mix of 1 studio, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified tenant profile and broad rental appeal. Current scheduled rents total approximately $8,855/month, with estimated laundry income of $120/month, generating approximately $8,975 in total monthly income or $107,700 annually. Several units are currently rented below market, creating potential for future income growth as leases turn over and rents are adjusted. The property has 5 separate electric meters, allowing electricity to be individually metered for each unit and 1 water meter. Centrally located near McCully, Kalakaua Avenue, Waikiki, Ala Moana, Kapiolani Boulevard, shopping, dining, entertainment, employment centers, schools, parks, and public transportation. The convenient in-town location supports strong rental appeal and accessibility. Whether you're an experienced multifamily investor expanding your portfolio or seeking an income-producing property with value-add and future rent-growth potential, this property is worth a closer look. Do not disturb tenants or walk onto the property without prior approval. All showings require prior notice and approval.

Location

State HI

County Oahu

Area Metro

Interior

Furnishings Unfurnished

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Assigned, Covered, Open, Tandem

Community Features None

Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 4

Building

Lot Description Cleared, Other, Level

Dwelling Type Apartment,Duplex

Entry Level One,Two

Sewer Connected

Water Public

Level or Stories One, Two

Construction Status Good Condition

Others

Tax ID 1-2-3-031-047-0000

Special Listing Condition None

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NEARBY SCHOOL & BUSINESS

Lex Ferguson

Real Estate Professional License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

1729 Malanai ST Honolulu, HI 96826

Lex Ferguson

Key Details

Location

Interior

Exterior

Building

Others

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