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Lex Ferguson

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

Listed by Five Star Realty, Inc.

$2,638,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Kapiolani

MLS Listing ID 202616575

Construction Status Average Condition

HOA Y/N No

Year Built 1958

Annual Tax Amount $6,819

Property Sub-Type Multi Family

Property Description

RARE 8-UNIT FEE-SIMPLE MULTIFAMILY OPPORTUNITY IN HONOLULU! This income-producing L-shaped building features eight 1-bedroom/1-bath units, currently 100% occupied, on an approximately 8,211 sq. ft. fee-simple flag lot at the end of a private driveway, newly paved in 2023. Current scheduled rents total approximately $12,743/month ($152,916/year), plus approximately $150/month in coin-operated laundry income, for estimated gross income of $12,893/month or $154,716 annually. The property offers approximately 12 parking spaces, eight separate electric meters, copper plumbing, and a convenient location near bus stops, shopping, dining, schools, and major Honolulu destinations. An attractive opportunity for investors seeking stable existing rental income, strong tenant demand, and potential long-term rental upside.

Location

State HI

County Oahu

Area Metro

Interior

Furnishings Partially

Fireplace No

Appliance Dryer, Washer

Laundry Coin-operated

Exterior

Parking Features Assigned, Open, Tandem

Community Features None

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

Waterfront Description Other

View Y/N Yes

View Other

Total Parking Spaces 12

Building

Lot Description Corner Lot, Dead End, Flag Lot, Interior Lot, Level

Dwelling Type Apartment

Entry Level Two

Sewer Connected

Water Public

Level or Stories Two

Construction Status Average Condition

Others

Tax ID 1-2-7-022-021-0000

Special Listing Condition None

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Lex Ferguson

Real Estate Professional License ID: RS-78101

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

2550 Date ST Honolulu, HI 96826

Lex Ferguson

Key Details

Location

Interior

Exterior

Building

Others

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