| Description | Rare Kakaako multi-dwelling investment opportunity in the Kakaako Community Development District. Situated on approximately 6,000 sq. ft. of level land, this income-producing property features 3 separate living areas with approximately 9 bedrooms and 6 bathrooms total, offering multiple income streams and exceptional flexibility for investors, owner-occupants, or those seeking a live-in investment strategy. This 3-unit property includes an upstairs 3-bedroom, 2-bath residence (~1,241 sq. ft.), a downstairs 3-bedroom, 2-bath residence (~1,201 sq. ft.), and an attached 3-bedroom, 2-bath ADU built in 1997 (~1,128 sq. ft.); a 6-car tandem carport, plus additional driveway and street parking. Located near Kakaako, Ward Village, Ala Moana Center, Kaiser Permanente, beaches, dining, shopping, medical facilities, schools, and freeway access, this property benefits from strong rental demand in one of Honolulu's most sought-after urban neighborhoods. Potential opportunity to combine with the neighboring duplex on an additional 6,000 sq. ft. lot, creating approximately 12,000 sq. ft. of contiguous land with future redevelopment potential (Buyer to verify all development possibilities). |
|---|---|
| Status | Contract since 05-20-2026 |
| MLS# | 202609955 |
| Price | $2,042,250 |
| Original Price | $2,042,250 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 0 |
| Two Bed Units | 0 |
| Three Bed Units | 3 |
| Living Sq Ft | 3,572 |
| Land Sq Ft | 6,000 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1128 Alohi Way Honolulu HI 96814 |
| Region | Metro |
| Neighborhood | Kakaako |
| Days on Market | 81 |
| Year Built | 1950 |
| Condition | Average |
| View | None |
| Parking | Open, Unassigned |
| Zoning | Kak – Kakaako Community Development Pr |
| Flood Zone | Zone X |
| Tax Amount | $554 |
| Assessed Land | $1,620,000 |
| Assessed Building | $279,700 |
| Assessed Total | $1,899,700 |
| Assessed Ratio | 108% |
| Utilities | Overhead Electricity, Public Water |
| Construction | Double Wall, Masonry/Stucco, Wood Frame |
| Lot Features | Clear |
| Disclosures | Property Disclosure Stmt |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-3-011-007-0000 |
| Listing courtesy of | Coldwell Banker Island Prop |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-11-2026 | 202609955 | Active Under Contract | A | C | $2,042,250 | $0 | $1,899,700 | $1,620,000 | $279,700 |
| 05-20-2026 | 202609955 | New Listing | A | $2,042,250 | $0 | $1,899,700 | $1,620,000 | $279,700 |
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