$7,777,000

Estimated payment $42,345/month

Total Views 13,982
-- Bed
-- Bath
11,934 Sq Ft
$652 Price per Sq Ft

Highlights

  • 13,322 Sq Ft lot
  • High Speed Internet
  • 4-minute walk to Thomas Square
  • Coin Laundry
  • Level Lot

About This Home

New Price – $7,777,000 | Outstanding Value Below Replacement Cost! Offered well below replacement cost, this fee simple apartment property presents an exceptional opportunity to acquire a well-located Honolulu multifamily asset with both stable in-place income and meaningful upside. Investors can benefit from lease-up potential, future rent growth, and the possibility of a condominium conversion, with the property potentially achieving a 6% cap rate within the first year of ownership. Located outside the FEMA flood zone, the property does not require flood insurance, reducing operating expenses and enhancing long-term returns.

Listing Agent

Sheldon Glassco

Obsidian Real Estate LLC License #RB-21489 Listed on: 07/30/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,864

Year Built

  • Built in 1961

Lot Details

  • 13,322 Sq Ft Lot
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Interior Spaces

  • 11,934 Sq Ft Home
  • 3-Story Property

Laundry

  • Dryer
  • Washer

Parking

  • 21 Parking Spaces
  • Assigned Parking

Utilities

  • High Speed Internet
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 1-2-1-041-014-0000

Community Details

Overview

  • 27 Units
  • Kapio/Kinau/Ward Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $127,682
  • Net Operating Income $333,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,864

Year Built

Built in 1961

Lot Details

0.31 Acres

Listing Details

  • LandTenure: Fee Simple
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1961
  • CommunityFeatures: None
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Active
  • Subdivision Name: KAPIO/KINAU/WARD
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2025
  • Special Features: None

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 21.0

Utilities

  • Utilities: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected

Lot Info

  • Parcel Number: 1-2-1-041-014-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 27
  • Net Operating Income: 333930.0
  • Annual Operating Expense: 127682.0
  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee
  • Total Actual Rent: 38000.0

Tax Info

  • Tax Annual Amount: 12864.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2026 07/30/26 For Sale $7,777,000 -- $652 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202614658

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-1-041-014-0000

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