Property Attributes
- MLS#202611622
- Type
- 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 25, 2026 6:59 PM 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.