Kuakini Multi Family

Overview

TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages, each with 2 bedrooms and 1 bath. It provides privacy while being close to bus lines, shopping, restaurants, easy access H-1 freeways (East and West), downtown business districts. The property (5 single family dwellings) is being sold as-is (1 WATER METER, 5 ELECTIC METERS, AND APPROX. 1-2 GAS METERS). Donât miss out on this rare findâitâs a great buy with amazing potentials on apartment zoning!

Property Details

Building Type: Multi Dwellings
Construction Materials: Above Ground, Wood Frame
Furnished: Partial
Location: Inside
Neighborhood: Kuakini
Net Operating Income: 106981.32
Number Of Units Total: 5
Parking Features: Assigned, Covered, Open, Tandem
Parking Total: 8
Property Type: Residential Income
Building SqFt: 4,588
Total SqFt: 4,588
Status: Active
Total Actual Rent: $11,070
Total Annual Operating Expenses: $25,859
Total Income: $132,840
View: City, Garden
Year Built: 1940
Year Remodeled: 2009

Additional Property Info

Disclosures: Property Disclosure Stmt
Days on Market: 3
Flood Zone: Zone X
Laundry Facilities: Individual
Property Condition: Fair
Roof: Asphalt Shingle
Tax Amount: $488
Tax Assessed Value: $1,673,200
Tax Assessed Value Improvements: $192,600
Tax Assessed Value Land: $1,480,600
Topography: Level
Utilities: Gas, Internet, Public Water, Sewer Fee, Water
Zoning: 11 - A-1 Low Density Apartment

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Courtesy of Brian Chua, Five Star Realty, Inc..
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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Kuakini Multi Family

260 N School Street, Honolulu, Oahu 96817 Get Directions

$1,800,000