| Description | An amazing opportunity to own a multifamily property in the heart of the desirable Makiki neighborhood. The 6-unit property consists of a 5-unit apartment building made up of 3 (1bd/1ba) and 2 (2bd/1a) units, along with a 4bd / 2ba single family house. All units are separately metered for electricity. The large house allows an owner the ability to "house hack" the property and offset their housing expenses with the other 5 units' rental income. The property recently underwent significant renovation, including new flooring, paint, windows, ceiling fans, appliances, and fixtures to all of the units making this a turn-key investment with excellent return metrics yielding a 4.86% cap rate at acquisition. The property is occupied by excellent tenants. The property is well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, Makiki District Park, and Ala Moana Center. |
|---|---|
| Status | Active since 06-01-2026 |
| MLS# | 202610588 |
| Price | $2,700,000 |
| Original Price | $2,700,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 3 |
| Two Bed Units | 2 |
| Three Bed Units | 1 |
| Living Sq Ft | 3,147 |
| Land Sq Ft | 5,723 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1223 Wilder Avenue Honolulu HI 96822 |
| Region | Metro |
| Neighborhood | Makiki Area |
| Days on Market | 118 |
| Year Built | 1954 |
| Year Remodeled | 2025 |
| Condition | Excellent |
| View | None |
| Parking | Open |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Elementary | Lincoln |
| Middle | Stevenson |
| High | Roosevelt |
| Tax Amount | $460 |
| Assessed Land | $1,413,300 |
| Assessed Building | $261,100 |
| Assessed Total | $1,674,400 |
| Assessed Ratio | 161% |
| Utilities | Cable, Gas, Overhead Electricity, Public Water, Sewer Fee, Water |
| Construction | Masonry/Stucco, Single Wall, Wood Frame |
| Lot Features | Other |
| Disclosures | 1031 Exchange, Call Listor, Licensed Owner |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-4-020-035-0000 |
| Listing courtesy of | Excel Commercial Realty LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-20-2026 | 202610588 | Back On Market | C | A | $2,700,000 | $0 | $1,674,400 | $1,413,300 | $261,100 |
| 06-12-2026 | 202610588 | Active Under Contract | A | C | $2,700,000 | $0 | $1,674,400 | $1,413,300 | $261,100 |
| 06-01-2026 | 202610588 | New Listing | A | $2,700,000 | $0 | $1,674,400 | $1,413,300 | $261,100 | |
| 12-31-2025 | 202516779 | Cancelled | A | W | $2,800,000 | $0 | $1,576,000 | $1,413,300 | $162,700 |
| 07-27-2025 | 202516779 | New Listing | CS | A | $2,800,000 | $0 | $1,576,000 | $1,413,300 | $162,700 |
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