| Description | 1637 Kewalo is a well-priced 7-unit multifamily property with an attractive unit mix and the perfect arrangement for a “house hack”. Live in one and rent out the rest! The property is excellently located in the heart of the popular Makiki neighborhood and features 5+ on-site parking stalls in addition to abundant street parking. Units are in classic condition, rents are under-market, and most tenants are month-to-month, providing an ideal set up for an investor to complete a value-add campaign and increase returns. The front building is architecturally interesting due to its 1937 vintage, and it boasts sizeable units. The back building is all concrete and was built in 1954. Whether you’re an investor seeking value-add potential or a buyer looking to live in one unit and generate income from the rest, 1637 Kewalo offers endless possibilities. Schedule your showing today! Please do not go on the property without the listing agent. Seller would like to rent back the 2 bedroom unit for ~6 months |
|---|---|
| Status | Sold since 01-06-2025 |
| MLS# | 202501319 |
| Price | $1,700,000 |
| Original Price | $1,700,000 |
| Price Change | (0.00%) |
| Studio Units | 2 |
| One Bed Units | 4 |
| Two Bed Units | 1 |
| Three Bed Units | 0 |
| Living Sq Ft | 3,403 |
| Land Sq Ft | 5,484 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1637 Kewalo Street Honolulu HI 96822 |
| Region | Metro |
| Neighborhood | Makiki Area |
| Days on Market | 56 |
| Year Built | 1937 |
| Condition | Fair |
| View | None |
| Frontage | Other |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Elementary | Kaahumanu |
| Middle | Washington |
| High | Mckinley |
| Tax Amount | $428 |
| Assessed Land | $1,327,300 |
| Assessed Building | $138,800 |
| Assessed Total | $1,466,100 |
| Assessed Ratio | 116% |
| Utilities | Overhead Electricity, Public Water, Sewer Fee |
| Construction | Concrete, Wood Frame |
| Lot Features | Irregular |
| Disclosures | None |
| Land Recorded | Land Court |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Composition, Other |
| Easements | None |
| Parcel # | 1-2-4-025-031-0000 |
| Listing courtesy of | Standard Management LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-22-2025 | 202501319 | Sold | C | S | $1,700,000 | $1,600,000 | $1,466,100 | $1,327,300 | $138,800 |
| 03-03-2025 | 202501319 | Active Under Contract | A | C | $1,700,000 | $1,600,000 | $1,466,100 | $1,327,300 | $138,800 |
| 01-06-2025 | 202501319 | New Listing | A | $1,700,000 | $1,600,000 | $1,466,100 | $1,327,300 | $138,800 | |
| 11-21-1998 | 9812441 | Price Decrease | $498,000 | $422,000 | $498,000 | $422,000 | $456,200 | $345,500 | $110,700 |
| 11-21-1998 | 9812441 | Sold | P | S | $498,000 | $422,000 | $456,200 | $345,500 | $110,700 |
| 09-22-1998 | 9812441 | Pending | A | P | $498,000 | $422,000 | $456,200 | $345,500 | $110,700 |
| 09-02-1998 | 9812441 | New Listing | A | $498,000 | $422,000 | $456,200 | $345,500 | $110,700 |
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