Honolulu Multi Family

2032 Kapiolani Boulevard, Honolulu, Oahu 96826 Get Directions

$2,600,000

 

Lot Size Area
5,000 SqFt
MLS #
202506283
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Overview

This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more. Five of the units have been remodeled within the past year, while the remaining three have received partial upgrades. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low. The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance issues, full occupancy was not maintained, but all concerns have been addressed. Since rental income was lower in previous years and full occupancy has only been achieved in the last six months, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.

Property Details

Parking Total
3
Property Frontage
Other
Property Type
Residential Income
Status
Active
Year Built
1957

Additional Property Info

Elementary School
Lunalilo
High School
Kaimuki
Middle/Junior School
Washington

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Listing Courtesy of Neal Fineman Property Mgmt Courtesy of Neal Fineman, Neal Fineman Property Mgmt.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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