| Description | An extremely rare offering to acquire 3 fully detached residential dwellings, located on a single parcel in Honolulu. 2025 renovations increased rental income, lowered risk and maintenance costs. Ideal for an owner occupier to live in the main house and receive significant rental income from 2 improved rental units. Also ideal for 1031 exchange or investors seeking stable NOI coupled with long-term appreciation. Immediate rental income of $5,750/mo. incl. GET can offset mortgage payment, plus potential income of $3,400/mo. incl. GET from the 3rd home can generate a total of $9,150/mo. in rental income. Quiet setting with cool breezes, each house offers 2 bedrooms and 1 bathroom, separate electric meter, washer/dryer, private yard, remodeled kitchen, new appliances and flooring. Located on Alewa Drive, in a desirable neighborhood, just past Assets School. Amazing views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, convenient and secure exterior storage, and a large covered carport. Please do not disturb tenants or park in the driveway. A few photos have been virtually staged(enhanced). |
|---|---|
| Status | Sold since 03-12-2026 |
| MLS# | 202604525 |
| Price | $1,695,000 |
| Original Price | $1,695,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 6 / 3 / 0 |
| Parking Spaces | 5 |
| Living Sq Ft | 2,395 |
| Land Sq Ft | 8,052 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1156 Alewa Drive Honolulu HI 96817 |
| Region | Metro |
| Neighborhood | Alewa Heights |
| Days on Market | 33 |
| Year Built | 1939 |
| Year Remodeled | 2025 |
| Condition | Above Average |
| View | City, Diamond Head, Ocean |
| Pool | None |
| Parking | 3 Car+, Carport, Driveway, Street |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone X |
| Elementary | Maemae |
| Middle | Kawananakoa |
| High | Mckinley |
| Tax Amount | $372 |
| Assessed Land | $1,073,100 |
| Assessed Building | $242,200 |
| Assessed Total | $1,315,300 |
| Assessed Ratio | 129% |
| Inclusions | Attic Fan, Blinds, Ceiling Fan, Dishwasher, Disposal, Dryer, Microwave Hood, Microwave, Other, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater |
| Amenities | Storage |
| Utilities | Gas, Overhead Electricity, Public Water |
| Construction | Above Ground, Hollow Tile, Single Wall, Slab, Wood Frame |
| Lot Features | Irregular |
| Flooring | Ceramic Tile, Laminate |
| Disclosures | Property Disclosure Stmt, See Remarks |
| Furnished | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Gentle Slope, Level, Up Slope |
| Building Style | Multiple Dwellings |
| Roofing | Composition |
| Easements | Other |
| Parcel # | 1-1-8-033-022-0000 |
| Listing courtesy of | REMAX Hawaii |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-29-2026 | 202604525 | Sold | C | S | $1,695,000 | $1,725,000 | $1,315,300 | $1,073,100 | $242,200 |
| 04-14-2026 | 202604525 | Active Under Contract | A | C | $1,695,000 | $1,725,000 | $1,315,300 | $1,073,100 | $242,200 |
| 03-12-2026 | 202604525 | New Listing | A | $1,695,000 | $1,725,000 | $1,315,300 | $1,073,100 | $242,200 | |
| 05-05-2025 | 202505778 | Sold | P | S | $1,498,000 | $1,428,500 | $1,276,600 | $1,033,500 | $243,100 |
| 04-02-2025 | 202505778 | Pending | C | P | $1,498,000 | $1,428,500 | $1,276,600 | $1,033,500 | $243,100 |
| 03-18-2025 | 202505778 | Active Under Contract | A | C | $1,498,000 | $1,428,500 | $1,276,600 | $1,033,500 | $243,100 |
| 02-28-2025 | 202505778 | New Listing | A | $1,498,000 | $1,428,500 | $1,276,600 | $1,033,500 | $243,100 |
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