Kuakini Multi Family

Overview

TO BE SOLD with Adjacent Property (Parcel 117-19-7), MLS #202426340 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 right developer, creative investor, or contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This parcel currently includes 3 apartment buildings with 14 of the 2-bedroom, 1-bath units, and a vacant lot approximately (35 foot by 30). 12 WATER (C building has shared meters) & 14 GAS & ELECTRIC METER (TENANT REPONSIBLE FOR ALL UTILITIES). It provides privacy while being close to bus lines and shopping, restaurants, downtown business districts, easy to access H-1 freeway (East and West). The property is being sold as-is. Donât miss out on this rare findâitâs a great buy with endless potential!

Property Details

Building Type: Multi Dwellings
Construction Materials: Above Ground, Wood Frame
Location: Inside
Neighborhood: Kuakini
Net Operating Income: 185988.36
Number Of Units Total: 14
Parking Features: Assigned, Open, Tandem
Parking Total: 17
Property Type: Residential Income
Building SqFt: 4,984
Total SqFt: 4,984
Status: Active
Total Actual Rent: $16,858
Total Annual Operating Expenses: $16,308
Total Income: $202,296
View: City, Garden
Year Built: 1954
Year Remodeled: 2010

Additional Property Info

Disclosures: Property Disclosure Stmt, See Remarks
Flood Zone: Zone X
Laundry Facilities: Individual
Property Condition: Fair
Roof: Asphalt Shingle
Tax Amount: $692
Tax Assessed Value: $2,372,900
Tax Assessed Value Improvements: $196,900
Tax Assessed Value Land: $2,176,000
Topography: Level
Utilities: Gas, 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

266 N School Street, Honolulu, Oahu 96817 Get Directions

$3,500,000