| Description | You will love this well maintained duplex and fourplex. Recently painted & the owner has paid attention to the details. All 1 bedroom with 1 bathroom units each with an assigned/covered parking stall. The duplex was built in 1940, with the fourplex being completed in 1958. Tenants pay their own electricity due to separate metering. Each unit has its own hot water heater too. The rents are strong with the possibility of more income when units turnover. Kapahulu location means the units are central to Waikiki, Ala Moana, Kakaako, Kahala, The University of Hawaii, Chaminade University & Kapiolani Community College. Very close to shopping, dining & entertainment. Bike to the beach. Your tenant mix is good with them making their own community at the property. This is the perfect property to complete your 1031 Exchange. Buyer to cooperate with Seller’s IRC Section 1031 Tax Deferred Exchange. Offers will be presented after they are received. Drive by only. Please do not disturb tenants. Make all offers subject to inspection. Income & Expenses are projected. Buyer to do their own research to confirm actual Income & Expenses. |
|---|---|
| Status | Active since 08-27-2026 |
| MLS# | 202616331 |
| Price | $1,995,000 |
| Original Price | $1,995,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 6 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 2,080 |
| Land Sq Ft | 6,000 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 825 Olokele Avenue Honolulu HI 96816 |
| Region | Metro |
| Neighborhood | Kapahulu |
| Days on Market | 31 |
| Year Built | 1940 |
| Year Remodeled | 1958 |
| Condition | Above Average,Average |
| View | Garden |
| Parking | Covered |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Elementary | Ala Wai |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $505 |
| Assessed Land | $1,610,000 |
| Assessed Building | $128,200 |
| Assessed Total | $1,738,200 |
| Assessed Ratio | 115% |
| Utilities | Cable, Overhead Electricity, Public Water, Sewer Fee, Water |
| Construction | Hollow Tile, Single Wall |
| Lot Features | Other |
| Disclosures | 1031 Exchange |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Composition |
| Easements | None |
| Parcel # | 1-2-7-033-029-0000 |
| Listing courtesy of | NextHome KU Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-27-2026 | 202616331 | New Listing | A | $1,995,000 | $0 | $1,738,200 | $1,610,000 | $128,200 |
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