Punchbowl-lower Multi Family

Overview

PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.

Property Details

Building Type: Apartments
Construction Materials: Concrete, Hollow Tile, Wood Frame
Neighborhood: Punchbowl-lower
Net Operating Income: 74258.00
Number Of Units Total: 9
Parking Features: Assigned, Covered
Parking Total: 5
Property Type: Residential Income
Building SqFt: 4,386
Total SqFt: 4,386
Status: Active
Total Actual Rent: $9,025
Total Annual Operating Expenses: $37,500
Total Income: $111,834
View: Coastline
Year Built: 1957

Additional Property Info

Disclosures: Call Listor
Days on Market: 35
Elementary School: Royal
Flood Zone: Zone X
High School: Roosevelt
Laundry Facilities: Other, Washer
Middle/Junior School: Stevenson
Property Condition: Average
Roof: Asphalt Shingle, Other
Tax Amount: $412
Tax Assessed Value: $1,412,600
Tax Assessed Value Improvements: $281,500
Tax Assessed Value Land: $1,131,100
Topography: Gentle Slope
Utilities: Overhead Electricity, Sewer Fee, Water
Zoning: 12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

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Courtesy of Michael M Okamoto, Standard Management LLC.
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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Punchbowl-lower Multi Family

1420 Ward Avenue, Honolulu, Oahu 96822 Get Directions

$2,250,000