Overview
Exceptional Investment Opportunity! Situated on 12,420 SF of A-2 zoned land, the property features ten units within four recently renovated dwellingsâthree duplexes and one fourplex. The fully hollow-tile fourplex consists of four 2-bed, 1-bath units, while one duplex includes a 3-bed, 1-bath unit and a 2-bed, 1-bath unit. Another duplex offers two 2-bed, 1-bath units, and the final duplex includes two 3-bed, 1-bath units. Currently, rented well below market value, this property offers incredible income potential. Designed for efficiency, all units are separately metered for electricity, and a coin-operated laundry room provides additional revenue. The property also includes 18 parking stalls. All structures were built between 1934 and 2009. With Bill 7 incentives, there is potential to develop up to 120 units or utilize standard A-2 zoning for flexibility and redevelopment. Whether you're looking to increase rental income, reposition the asset, or hold for long-term appreciation, this property offers endless possibilities. Buyers are advised to conduct their own due diligence and verify zoning and development opportunities with the appropriate experts.
Property Details
- Parking Total
- 18
- Property Type
- Residential Income
- Total SqFt
- 7,316
- Status
- Active
- Year Built
- 1934
Courtesy of Daniel K Ihara, Keller Williams Honolulu.
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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