Status: Active
MLS Number: 202610003
List Price: $995,000Units: 3
0/1/2/3 Bed: 0/0/2/1
Fee:
Region: Metro
Neighborhood: Punchbowl-Lower
List Date: 05-22-2026
Land: 3,706
Year Built: 1952
Listing courtesy of Central Oahu Real Estate LLC
Description: 1453 Pele Street presents a rare value-add opportunity in the heart of urban Honolulu. Currently owned by a non-profit organization and operated as a transitional housing facility, this multi-unit property offers flexible configuration potential for investors, contractors, or organizations seeking to reposition and renovate. The upper level features two separate 2-bedroom/1-bath units, while the lower level includes 9 individual bedrooms with shared kitchen and bath facilities. Situated on a centrally located lot near downtown Honolulu, The Queens Medical Center, freeway access, and public transportation. Property requires substantial renovation and is being sold As-Is. Excellent opportunity to restore, redevelop, or reimagine this unique A-2 Apartment zoned property.
Status: Active
MLS Number: 202521378
List Price: $1,150,000Price changed from $1,395,000
Units: 4
0/1/2/3 Bed: 0/0/4/0
Fee:
Region: Metro
Neighborhood: Dillingham
List Date: 09-29-2025
Land: 10,509
Year Built: 1910
Listing courtesy of Marcus Realty
Description: Priced to sell way below tax assessed value! Great for owner-user to redevelop property. Sale includes TMKs: 1-1-5-4: parcels 8, 24, and 27 (10,509 SF land in total). IMX-1 (Industrial Mixed-Use) zoning. Four 2-bedroom/1 bath house all around 100 years old. Small open shed in rear of property. Price based on land value only. Showings subject to accepted offer. Some improvements non-permitted. Being sold in As-Is, Where-Is condition. Buyer to perform their own due diligence. All units rented on month-to-month tenancy. Flood Zone X. DO NOT DISTURB TENANTS OR WALK ON PROEPRTY WITHOUT PROPER NOTICE. Showings based on accepted offer only. Call listor for more details. Note: One or more photos may have been enhanced.
Status: Active
MLS Number: 202617450
List Price: $1,200,000Units: 3
0/1/2/3 Bed: 1/1/0/1
Fee:
Region: Metro
Neighborhood: Punchbowl Area
List Date: 09-12-2026
Land: 2,378
Year Built: 1963
Listing courtesy of Tsujimura & Associates, LLC
Description: PRIME TOWN LOCATION + INCOME OPPORTUNITY! Well-maintained and versatile legal 2-unit property in a convenient Honolulu location, offering an excellent opportunity for an owner-occupant or investor. Live in one unit while renting the other or take advantage of the property’s income-producing potential. The upstairs 3-bedroom/2-bath unit features a spacious 120-sq-ft rear lanai, while the downstairs 1-bedroom/1-bath unit offers additional flexibility. The property also includes a separate rec room with wet bar and bath rented separately. Three separate electrical meters, two water meters, washer/dryer setups, window AC, and a 2-car carport add convenience and functionality. Enjoy a private side yard with mature fruit-bearing mountain apple, avocado, and lime trees. Conveniently located near Downtown Honolulu, Waikiki, UH, shopping, restaurants, freeway access, hospitals, and Honolulu International Airport. A unique opportunity to own a flexible, income-producing property with valuable outdoor space in town.
Status: Active
MLS Number: 202512775
List Price: $1,250,000Units: 6
0/1/2/3 Bed: 0/0/4/1
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 05-31-2025
Land: 5,108
Year Built: 1935
Listing courtesy of Pacific Realty Solutions LLC
Description: Opoortunity is knocking on this incredible porperty. Zoned IMX-1, this property zone holds immense potential! Two separate structures; the front structure includes separate entrances, while the back structure is a 4 unit concrete tile building, each unit being a 2-bedroom, 1-bathroom setup. Back structure has four separate electrical meters. This property is a gem.
Status: Active
MLS Number: 202618983
List Price: $1,350,000Units: 2
0/1/2/3 Bed: 0/1/0/1
Fee:
Region: Metro
Neighborhood: Kakaako
List Date: 10-07-2026
Land: 5,400
Year Built: 1940
Listing courtesy of Lau & Associates, LLC
Description: Prime residential property in a desirable location near Ala Moana and Kakaako! Situated on a level lot, this property offers excellent potential for renovation or redevelopment. The main home features 4 bedrooms and 1 bathroom (1,216 SF), plus an attached structure with 1-bathroom (280 SF). Renovate the existing improvements or explore the possibility of developing a new multifamily project. Located within the HCDA district, which may allow multifamily development, subject to applicable zoning, approvals, and requirements. Buyers are advised to conduct their own due diligence and consult with appropriate professionals regarding development potential and permitted uses. No property access or interior showings until after October 14, 2026. Please view the property from the public sidewalk only until then. Utilities will not be turned ON during the transaction. Priced below tax assessed value. Improvements may not match tax records.
Status: Active
MLS Number: 202612402
List Price: $1,490,000Price changed from $1,500,000
Units: 4
0/1/2/3 Bed: 0/0/1/2
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 06-26-2026
Land: 3,849
Year Built: 1905
Listing courtesy of Fogarty Realty, Inc.
Description: Mixed-use investment opportunity in Kalihi featuring two buildings and nine residential rooms. The ground floor commercial unit has a CUP in place with roll-up door access and direct street frontage — suitable for retail, grocery, or light industrial use. Building B is currently occupied generating $4,000/month. Building A is actively under renovation. Priced at $1,500,000 with a stabilized cap rate of 7.8–9.0%. The surrounding Kalihi corridor has strong long-term redevelopment fundamentals. Conditional Use Permit (CUP) — Protected Commercial Use The commercial unit carries a CUP, securing its legal commercial operating status within the R-5 residential zone. This rare entitlement protects lender and tenant confidence and is a meaningful differentiator at this price point.
Status: Active
MLS Number: 202607294
List Price: $1,500,000Units: 8
0/1/2/3 Bed: 0/3/5/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 04-13-2026
Land: 4,514
Year Built: 1944
Listing courtesy of SC Realty, LLC
Description: Industrial-zoned income producing property in Kalihi with strong redevelopment or owner-user potential. Property consists of two structures totaling approximately 3,824 sq ft on a 4,514 sq ft lot. Zoned I-2, allowing for a wide range of commercial and industrial uses. Convenient location with easy access to Nimitz Hwy, H-1 Freeway, Airport Sand Island, and Honolulu Harbor. Ideal for investors, contractors, or businesses. Strong upside potential for investors and developers.
Status: Active
MLS Number: 202607167
List Price: $1,549,000Price changed from $1,599,000
Units: 5
0/1/2/3 Bed: 3/1/0/1
Fee:
Region: Metro
Neighborhood: Punchbowl Area
List Date: 04-08-2026
Land: 4,656
Year Built: 1956
Listing courtesy of Coldwell Banker Island Prop
Description: Multi-Unit Investment Opportunity in Prime Punchbowl Location with beautiful ocean, sunset, mountain, and city views from the balcony! A rare find in the Punchbowl area! This versatile property features two separate structures with a total of five units, offering an incredible investment opportunity. With four units currently generating $5,650 in monthly rental income, potentially $9650 with 5th rental unit for even more revenue! The property includes a carport for three vehicles, copper piping in the main unit, and a highly desirable location with proximity to UH Manoa, HPU, community colleges, hospitals, downtown, and major conveniences. Investor-friendly and tenant-occupied—please allow 48-hour notice for showings. Do not disturb tenants. Don’t miss this chance to own a fantastic income-producing property in a prime Honolulu location!
Status: Active
MLS Number: 202618413
List Price: $1,550,000Units: 4
0/1/2/3 Bed: 0/0/3/1
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 10-02-2026
Land: 4,472
Year Built: 1966
Listing courtesy of Commercial Inv. Strategies
Description: Ideal first multifamily investment with residential financing available. Live in one and offset your 30 year mortgage with the income from the others. Priced WAY below assessment. 4 units: 3 twos, 1 three, 5 parking—with substantial upside through existing rents w/ excellent potential! All units separately metered for electric, 1 water meter. Two renovated units. Uniquely situated bordering Stadium Park—an appealing amenity for tenants and owners alike. Buyer to accept existing survey performed by Jamie Alimboyoguen on 9/16/19.
Status: Active
MLS Number: 202609736
List Price: $1,588,000Units: 6
0/1/2/3 Bed: 0/1/5/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 05-18-2026
Land: 5,000
Year Built: 1956
Listing courtesy of Island, REALTORS
Description: Excellent investment opportunity if you are willing to put in a little work. 2-story hollow tile walk-up building with 6 total units: 5-2 Bedroom units; 1-1 Bedroom unit. Building needs roofing repairs/replacement and some spalling repairs. Units need renovations and plumbing repairs. 6 open parking spaces. 5 electric meters and 1 water meter.
Status: Active
MLS Number: 202617818
List Price: $1,599,000Units: 18
0/1/2/3 Bed: 18/0/0/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 09-16-2026
Land: 6,659
Year Built: 1916
Listing courtesy of Pacific Century Realty
Description: An incredible buy in Lower Palama/Kalihi area just steps to N. King St and 5 minutes to downtown. This property actually has 26 total bedrooms. But tax office records show 18 bedrooms. And separated into 14 separate units. Actual number of bedrooms may not agree with tax office records. Sold as is. Must see to appreciate.
Status: Active
MLS Number: 202618996
List Price: $1,650,000Units: 6
0/1/2/3 Bed: 0/6/0/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 10-09-2026
Land: 6,000
Year Built: 1958
Listing courtesy of Commercial Inv. Strategies
Description: Priced below assessed value! Centrally located six-unit apartment building with two structures features 6 one-bedroom units, 6 parking on 6,000SF of A-2 zoned land. All units feature hardwood floors and appealing layouts, with current rents below market presenting increased income potential. Parking area recently repaved, property roof repaired in 2016. Existing laundry machines are tenant-owned, offering an additional opportunity for an investor to install coin-operated machines for new income stream. No CAM electric, LL pays water, Buyer to accept existing survey performed by DJNS on 12/17/2015.
Status: Active
MLS Number: 202616551
List Price: $1,785,000Units: 5
0/1/2/3 Bed: 1/3/1/0
Fee:
Region: Metro
Neighborhood: Mccully
List Date: 08-28-2026
Land: 3,800
Year Built: 1941
Listing courtesy of Five Star Realty, Inc.
Description: The property features an attractive unit mix of 1 studio, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified tenant profile and broad rental appeal. Current scheduled rents total approximately $8,855/month, with estimated laundry income of $120/month, generating approximately $8,975 in total monthly income or $107,700 annually. Several units are currently rented below market, creating potential for future income growth as leases turn over and rents are adjusted. The property has 5 separate electric meters, allowing electricity to be individually metered for each unit and 1 water meter. Centrally located near McCully, Kalakaua Avenue, Waikiki, Ala Moana, Kapiolani Boulevard, shopping, dining, entertainment, employment centers, schools, parks, and public transportation. The convenient in-town location supports strong rental appeal and accessibility. Whether you’re an experienced multifamily investor expanding your portfolio or seeking an income-producing property with value-add and future rent-growth potential, this property is worth a closer look. Do not disturb tenants or walk onto the property without prior approval. All showings require prior notice and approval.
Status: Active
MLS Number: 202611539
List Price: $1,825,000Units: 5
0/1/2/3 Bed: 1/3/0/1
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 06-29-2026
Land: 3,200
Year Built: 1928
Listing courtesy of Gloria Chi Realty Inc.
Description: Unlock the potential of 937 Coolidge Street, a valuable BMX-3 zoned property situated in the heart of Moiliili’s high-growth urban corridor. Offering exceptional flexibility for commercial, residential, or mixed-use, this site is conveniently located within walking distance to the University of Hawaii at Manoa, public transportation, and various restaurants and stores. The property features two structures—a front and rear building. The rear structure contains 3 units: Unit A (a 3BD/1BA top-floor unit), Unit B (a lower-level 1BD/1BA unit), and Unit C (a lower-level 1BD/1BA unit). The front structure contains 2 units: Unit E (1BA/studio) and Unit F (1BD/1BA unit). Fantastic opportunity for investors, primary occupants, or multi-generational living. This is a premier canvas for a savvy buyer ready to leverage the site's high-density BMX-3 zoning. Discounted list price reflects an active DPP notice regarding a zoning/compliance matter on the front structure but rectification in progress. Property conveyed AS-IS, WHERE-IS. Seller and listing agent make no warranties or guarantees, express or implied.
Status: Active
MLS Number: 202609981
List Price: $1,846,000Units: 2
0/1/2/3 Bed: 0/0/0/2
Fee:
Region: Metro
Neighborhood: Kakaako
List Date: 05-21-2026
Land: 6,000
Year Built: 1950
Listing courtesy of Coldwell Banker Island Prop
Description: Rare Kakaako income-producing opportunity in the Kakaako Community Development District. Situated on approximately 6,000 sq. ft. of level lot, this versatile duplex offers multiple paths to value creation, including rental income, owner-occupancy with supplemental income, and potential future redevelopment opportunities.
Configured with two separate living areas with private entrances, the property provides flexibility for long-term rentals, multi-household occupancy, or a live-in ownership strategy. The spacious floor plans and generously sized rooms enhance tenant appeal and offer a variety of occupancy options.
Ideally located near Kakaako, Ala Moana Center, Ward Village,Soto Academy, Safeway, Whole Foods, Kaiser Permanente, schools, Petco, beaches, dining, shopping, banks, healthcare services, and freeway access, this property benefits from strong demand drivers and a very desirable urban location.
Potential opportunity to combine with the neighboring property for a larger land assemblage and future redevelopment potential (Buyer to verify all development possibilities, zoning requirements, and permitted uses). Sold As-Is; improvements may not match tax records.
Status: Active
MLS Number: 202618647
List Price: $1,899,800Price changed from $1,990,000
Units: 6
0/1/2/3 Bed: 0/0/6/0
Fee:
Region: Metro
Neighborhood: Ala Moana
List Date: 10-02-2026
Land: 3,917
Year Built: 1956
Listing courtesy of Sky Realty LLC
Description: Rare Ala Moana Investment Opportunity! Don’t miss this rare opportunity to own a 6-unit apartment building in one of Honolulu’s most convenient and highly desirable urban locations. This two-story property features six 2-bedroom, 1-bath units and is ideally located within walking distance to Walmart, restaurants, shopping, bus lines, and many other conveniences. The property has a strong rental history with excellent occupancy. Two unit has been remodeled, while the remaining units offer excellent potential for future improvements and value enhancement. With apartment buildings rarely offered for sale in the Ala Moana area, this is a unique opportunity for investors seeking a well-located income property with long-term potential. Buyer(s) to conduct their own due diligence.
Status: Active
MLS Number: 202615815
List Price: $1,995,000Units: 7
0/1/2/3 Bed: 0/7/0/0
Fee:
Region: Metro
Neighborhood: Mccully
List Date: 08-17-2026
Land: 4,000
Year Built: 1961
Listing courtesy of CBI Residential Advisory Svcs.
Description: This is a well-located 7-unit multifamily investment opportunity in the heart of Honolulu. Built in 1961, this two-story apartment
building offers a clean, all one-bedroom/one-bath unit mix - an efficient, easy-to-manage configuration that appeals to a broad
renter pool and simplifies ongoing operations for an investor. Below Market Rents.
Status: Active
MLS Number: 202616331
List Price: $1,995,000Units: 6
0/1/2/3 Bed: 0/6/0/0
Fee:
Region: Metro
Neighborhood: Kapahulu
List Date: 08-27-2026
Land: 6,000
Year Built: 1940
Listing courtesy of NextHome KU Realty
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
MLS Number: 202617918
List Price: $2,000,000Units: 6
0/1/2/3 Bed: 0/0/6/0
Fee:
Region: Metro
Neighborhood: Punchbowl-Lower
List Date: 09-21-2026
Land: 10,400
Year Built: 1924
Listing courtesy of Commercial Inv. Strategies
Description: Excellent opportunity to develop Bill 7 project for less than $200/sf. Nice, big lot 2 blocks to Queens Hospital in a low risk flood zone (x) and no additional setbacks from the street. City views possible from upper floors. Solis study and TOPO survey to be made available upon accepted offer. Buyer to accept existing survey, and Buyer shall pay for any additional updates needed by itself or its lender. Current setup is 6 legal 2-bedroom, 1 bath units located in 3 structures: front building is 4 units (1517, C, D, & E) with 2 stand-alone cottages in the back (A & B). 2 units renovated in the past 5 years. Coin laundry is owned. All units separately metered for electric and gas (heaters and stoves), 1 water meter. See agent showing notes for how to request a marketing package.
Status: Active
MLS Number: 202619245
List Price: $2,000,000Units: 4
0/1/2/3 Bed: 0/2/1/1
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 10-13-2026
Land: 4,995
Year Built: 1944
Listing courtesy of Hawaii Resource Realty
Description: Front house has 3 bdrm 2 bath home with wood flooring newer cabinets and fresh paint, washer and dryer. Currently vacant, was rented for $2,500/mo Triplex in the back with 2 one bedrooms and 1 two bedroom unit on the 2nd floor. There is a washer and dryer in the back that is shared between the 3 units.
New carport roof, freshly painted exterior. Front house is vacant and can be shown on lockbox. The other 3 units will need minimum 2 day notice. Buyer to cooperate with Seller's 1031 Exchange. Sold in its "As Is Condition"
Status: Active
MLS Number: 202616143
List Price: $2,145,000Price changed from $2,200,000
Units: 6
0/1/2/3 Bed: 0/0/6/0
Fee:
Region: Metro
Neighborhood: Punchbowl-Lower
List Date: 08-22-2026
Land: 7,311
Year Built: 1953
Listing courtesy of KLU Real Estate Inc.
Description: Brand New Roof - Centrally located investment opportunity near Queens Hospital. The existing hollow tile building has 6 spacious 2-bedroom apartments with custom cabinets and counter tops. Highlights are walking distance to Queen's Hospital, State Capitol, and minutes from downtown Honolulu. Easy access to H1 Highway and bus stops. Or explore the potential of this unique site with plans that align with Bill 7 provisions. Proposed development includes a 5-story residential apartment building featuring 21 units and 11 parking stalls. Rendered images reflect an development option to maximize rental income—subject to zoning and permit approvals. Don’t miss this chance to invest in a high-demand area with strong development upside.
Status: Active
MLS Number: 202605768
List Price: $2,150,000Price changed from $2,368,000
Units: 4
0/1/2/3 Bed: 0/2/1/1
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 03-16-2026
Land: 7,059
Year Built: 1937
Listing courtesy of Locations LLC
Description: Location, location, location …… situated between Pensacola St. and Piikoi St. therefore within close proximity to Ala
Moana Center, Downtown and the University of Hawai’i.
Huge redevelopment potential for this BMX-3 zoned parcel of land. Present improvements consist of four (4) distinct
dwellings - a 3 bdrm, a 2-bdrm, and two 1-bdrm; fully occupied and responsibly maintained by owner.
Make the most of existing structures and income while carefully and thoughtfully assessing development options
Status: Active
MLS Number: 202616358
List Price: $2,220,000Units: 7
0/1/2/3 Bed: 0/1/4/2
Fee:
Region: Metro
Neighborhood: Kuakini
List Date: 08-24-2026
Land: 5,479
Year Built: 1956
Listing courtesy of Five Star Realty, Inc.
Description: Welcome to 1641 Stillman Lane! This is a well maintained seven-unit apartment property offering excellent investment potential in a convenient and highly accessible location. The property consists of two buildings with a desirable mix of spacious units and recent improvements including updated flooring and appliance throughout. The Front building features Two 3bed/1bath units and one 2bed/1bath unit with one electric meter and one gas meter. Rear Building offers Three 2bed/1bath units and One 1bath/1bath unit with four separate electric meters and one gas meter. These properties are tenant occupied and provide an opportunity for an investor looking to add a well-positioned multi-family property to their portfolio.
Ideally located near Honolulu's business district, Downtown Honolulu, with convenient access to both eastbound and westbound freeways, making commuting throughout Oahu easy and efficient. Also, conveniently located near schools, hospitals, dining, shopping, and everyday amenities.
Status: Active
MLS Number: 202617140
List Price: $2,250,000Units: 8
0/1/2/3 Bed: 0/7/1/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 09-08-2026
Land: 5,000
Year Built: 1957
Listing courtesy of Bratton Realty Advisors Ltd
Description: 2032 Kapiolani Blvd is an eight-unit, fee-simple apartment building in Honolulu's McCully-Moiliili neighborhood, close to Ala Moana Center, Ala Moana Regional Park, and the University of Hawaii at Manoa. Built in 1957, the property is fully leased and has received a wide range of recent upgrades, including panel upgrades, grounding, and GFCI installation across all eight units, upgraded kitchens and bathrooms, new flooring, a silicone-coated roof, and upgraded electrical service. With in-place rents below current submarket medians, the offering provides a new owner both stable in-place income and a clear path to rental upside.
Status: Active
MLS Number: 202609684
List Price: $2,288,000Price changed from $2,388,000
Units: 9
0/1/2/3 Bed: 0/0/9/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 05-18-2026
Land: 5,021
Year Built: 1965
Listing courtesy of CBI Residential Advisory Svcs.
Description: $16,000+/month current scheduled Income. 9 (large approx. 640sf) 2-bedroom units with 5 parking stalls. Most units are fully renovated. NEW $70,000 Roof (installed 11-2022 by Kapili Construction). Spall Repairs recently completed. Self-Managed. All units have lanai with washer hookups and sinks. Ground Floor units have fenced-in backyards. QUALIFIES FOR 100% BONUS DEPRECIATION.
Status: Active
MLS Number: 202608472
List Price: $2,295,000Price changed from $2,450,000
Units: 4
0/1/2/3 Bed: 1/0/1/2
Fee:
Region: Metro
Neighborhood: Pauoa Valley
List Date: 04-29-2026
Land: 7,987
Year Built: 1981
Listing courtesy of Agora Hawaii
Description: Two homes, one lot, endless flexibility. Live in one, rent the other, and let the income work for you every month.
The front home is built for space: six bedrooms, four bathrooms, and 4-car parking, with 32 solar panels keeping utility costs low. It's the kind of layout that draws serious, long-term tenants.
Tucked behind it, the back home offers a quieter footprint: three bedrooms, two and a half bathrooms, a 2-car garage, and 23 solar panels of its own. Private, comfortable, and easy to fill.
Live in either one and the other starts generating income from day one. Minutes from downtown Honolulu, with strong rental demand and short commutes in every direction, 2134 Kanealii St offers two well-appointed homes and a rare kind of flexibility in this market.
Status: Active
MLS Number: 202619246
List Price: $2,395,000Units: 13
0/1/2/3 Bed: 3/2/4/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 10-13-2026
Land: 8,206
Year Built: 1928
Listing courtesy of Commercial Inv. Strategies
Description: High-yield investment generating impressive return. Outstanding storefront visibility along N. King Street with rapid access to H-1, Airport, and downtown. Prime BMX-3 zoning w/ versatile, high-density future redevelopment. Fully occupied, mixed-use: 4 commercial + 9 residential units, all tenants MTM. Nearly every unit modernized a decade ago. Three water meters; electricity and gas are individually metered. Tenants pay for elect + gas (*except for 2 units: A2 studio + 922A cottage). Buyer to accept existing survey performed by Lester T Shimabukuro on July 11, 2003.
Status: Active
MLS Number: 202619361
List Price: $2,400,000Units: 12
0/1/2/3 Bed: 0/12/0/0
Fee:
Region: Metro
Neighborhood: Punchbowl Area
List Date: 10-14-2026
Land: 6,840
Year Built: 1957
Listing courtesy of CBI Residential Advisory Svcs.
Description: OUTSTANDING VALUE AT JUST $200,000 PER UNIT! 5.4% CAP!!! Excellent opportunity to acquire a fee simple, 12-unit multifamily investment property in the desirable Punchbowl neighborhood! Featuring three separate fourplex buildings, each with four 1-bedroom, 1-bath units, on a 6,840 sq. ft. parcel. All 12 units are currently rented, providing an established income stream. Additional features include 4 parking stalls, separately metered electricity paid by tenants, coin-operated laundry facilities, and on-site storage for select units. Conveniently located near Downtown Honolulu, major employment centers, shopping, dining, and public transportation. An attractive investment opportunity at a compelling price per unit!
Status: Active
MLS Number: 202600664
List Price: $2,595,000Price changed from $3,478,000
Units: 6
0/1/2/3 Bed: 0/0/6/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 01-09-2026
Land: 5,145
Year Built: 1959
Listing courtesy of Bratton Realty Advisors Ltd
Description: This recently rehabbed 6-unit multifamily property in the heart of Moiliili, offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 10 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is fully leased with monthly in-place rents of $14,850 provides immediate returns with minimal near-term capital expenditures. *Seller is also selling adjacent 8-unit apartment building and both properties can be sold together. 2711 Waiaka Road, MLS# 202600662, TMK 1-2-7-27-21.
Status: Active
MLS Number: 202616575
List Price: $2,638,000Units: 8
0/1/2/3 Bed: 0/8/0/0
Fee:
Region: Metro
Neighborhood: Kapiolani
List Date: 08-30-2026
Land: 8,211
Year Built: 1958
Listing courtesy of Five Star Realty, Inc.
Description: RARE 8-UNIT FEE-SIMPLE MULTIFAMILY OPPORTUNITY IN HONOLULU! This income-producing L-shaped building features eight 1-bedroom/1-bath units, currently 100% occupied, on an approximately 8,211 sq. ft. fee-simple flag lot at the end of a private driveway, newly paved in 2023. Current scheduled rents total approximately $12,743/month ($152,916/year), plus approximately $150/month in coin-operated laundry income, for estimated gross income of $12,893/month or $154,716 annually. The property offers approximately 12 parking spaces, eight separate electric meters, copper plumbing, and a convenient location near bus stops, shopping, dining, schools, and major Honolulu destinations. An attractive opportunity for investors seeking stable existing rental income, strong tenant demand, and potential long-term rental upside.
Status: Active
MLS Number: 202615380
List Price: $2,680,000Units: 5
0/1/2/3 Bed: 1/1/1/2
Fee:
Region: Metro
Neighborhood: Punchbowl Area
List Date: 08-10-2026
Land: 4,964
Year Built: 1950
Listing courtesy of Excel Commercial Realty LLC
Description: An exceptional investment opportunity to acquire a well-maintained 5-unit multifamily property in the desirable Punchbowl neighborhood of Honolulu. The property features a diverse unit mix consisting of one studio, one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, one 3-bedroom/2bathroom, and one 4-bedroom/2-bathroom unit, along with five covered garage parking stalls.
Designed for operational efficiency, all units except the Studio & 1bd/1ba units are separately metered for electricity, making the property easy to self-manage while helping minimize operating expenses. The asset generates strong in-place cash flow with an annual Net Operating Income (NOI) of approximately $110,243.
Ideally located just minutes from Downtown Honolulu, Queen’s Medical Center, Kaka'ako, Ala Moana, the University of Hawai'i at Manoa, Roosevelt High School, and Punahou School, the property offers convenient access to major employment centers, shopping, dining, healthcare, and education. This is a rare opportunity for investors seeking a stable, income-producing asset in one of Honolulu’s most centrally located neighborhoods.
Status: Active
MLS Number: 202613865
List Price: $2,700,000Units: 3
0/1/2/3 Bed: 0/0/2/1
Fee:
Region: Metro
Neighborhood: Punchbowl Area
List Date: 07-17-2026
Land: 12,992
Year Built: 1959
Listing courtesy of Realty 2000, Inc.
Description: Located in Makiki this property features 2 building with 3 total units. Unique income earning potential on a spacious lot. Bill 7 opportunity? Buyer to do their own due diligence. This property is being sold as is.
Status: Active
MLS Number: 202619303
List Price: $2,700,000Units: 7
0/1/2/3 Bed: 0/0/1/0
Fee:
Region: Metro
Neighborhood: Kalihi Area
List Date: 10-14-2026
Land: 4,833
Year Built: 1940
Listing courtesy of Talk Realty LLC
Description: Own your own corner on North King Street. This fee simple building combines two street frontages, spacious interiors, and an enclosed parking garage in a convenient Honolulu location. The property features a large worship hall with high ceilings, a welcoming café-style gathering area, separate offices and classrooms, a kitchen, and three restrooms. Bright, well-kept interiors offer an appealing starting point for a congregation seeking its own home or a business owner ready to move beyond renting. The garage with roll-up access from Winant Street provides covered parking and loading convenience. Located across from Farrington High School with convenient access to H-1, Dillingham, and downtown. BMX-3 community business mixed-use zoning offers possibilities for future use, subject to applicable approvals. Bring your vision and explore how this versatile property could work for you. Current taxes reflect a religious exemption. Buyer to verify building area, permits, uses, parking, and future taxes.
Status: Active
MLS Number: 202610199
List Price: $2,780,000Price changed from $2,790,000
Units: 7
0/1/2/3 Bed: 0/3/4/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 05-25-2026
Land: 10,020
Year Built: 1940
Listing courtesy of Keller Williams Honolulu
Description: Prime opportunity just minutes from Waikiki and the University of Hawai?i. Situated on a 10,200 sq. ft. lot zoned BMX-3, this property offers multiple potential uses, including the possibility of utilizing Bill 7, subject to buyer verification and approvals. The property consists of four separate 2-bedroom, 1-bath cottages, plus a larger structure featuring three contiguous 1-bedroom, 1-bath units.
Conveniently located near public transportation, shopping, dining, and urban Honolulu amenities.
The property is currently under a residential dedication, which renews automatically unless ownership is transferred. Buyers are advised to perform their own due diligence regarding zoning, permitted uses, tax classifications, and dedication requirements.
Excellent investment or redevelopment opportunity in a highly desirable location.
Status: Active
MLS Number: 202613836
List Price: $2,882,800Units: 7
0/1/2/3 Bed: 0/0/5/2
Fee:
Region: Metro
Neighborhood: Pauoa Valley
List Date: 07-27-2026
Land: 40,850
Year Built: 1948
Listing courtesy of Marcus Realty
Description: First time ever on the market. Located in the heart of Nuuanu/Punchbowl - this property represents a rare opportunity to acquire nearly an acre of R-5 zoned land in one of Honolulu's central locations. Peaceful, lush and minutes from downtown. Property includes five - 2 bed/ 1 bath homes (currently tenant occupied month-to-month), one - 3bed/2 bath with separate studio with kitchen, and one - 3 bed/ 1 bath home in tear down condition. ~This is a COURT ORDERED PARTITION SALE. This sale is subject to Court confirmation. The property will be sold in a strictly "AS IS" condition, without any express or implied warranties or representations of any kind. Actual number of bedrooms does not match TMK records.
Status: Active
MLS Number: 202615898
List Price: $2,980,000Price changed from $3,200,000
Units: 5
0/1/2/3 Bed: 0/0/3/2
Fee:
Region: Metro
Neighborhood: Manoa-Lower
List Date: 08-18-2026
Land: 10,667
Year Built: 1941
Listing courtesy of Engel & Volkers Honolulu
Description: 10,667 sq ft lot with R-5 zoning, this unique multi-generational or investment property features 2 separate structures in Lower Manoa with parking for 11 cars. The well-maintained Front House offers maximum flexibility with separate entrances for upstairs and downstairs living. It includes 5 parallel street-side parking spaces, a garage and a large storage room. Tucked away for privacy, the beautiful Back House (built 2013) offers a fresh, modern feel with bright, inviting living spaces. It boasts 3 separate entrances, spacious lanai perfect for relaxing and enjoying the island breeze, and extra storage. The versatile open space between the homes is ideal for a relaxing outdoor or accommodating ample parking for multiple vehicles—an absolute rarity! Ideally located for ultimate convenience, you are just minutes from the University of Hawaii, top-rated schools, shops, and popular dining. Enjoy seamless commutes with easy access on and off the H-1 Freeway. Whether you are looking for strong rental income potential or a spacious family compound, this property delivers unmatched versatility and value. Don't miss this incredible offering! Number of bedrooms may not match tax records.
Status: Active
MLS Number: 202614549
List Price: $2,995,000Units: 4
0/1/2/3 Bed: 0/0/0/4
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 07-29-2026
Land: 5,548
Year Built: 2007
Listing courtesy of Standard Management LLC
Description: Rare Makiki Investment – Two Duplexes, One TMK, Four Units. Exceptional opportunity to acquire two well-maintained duplexes at 1550 & 1552 Davenport Place in highly desirable Makiki. Built in 2007 and meticulously maintained since, the property offers approximately 4,988 sq. ft. of living area across four units, each on a separate electric meter.Two upstairs 4-bedroom/2-bath units (1,321 sq. ft. each) feature hardwood floors, granite kitchen counters, and 2-car garages. Two downstairs 3-bedroom/2-bath units (1,167 sq. ft. each) offer laminate flooring, granite counters, and tandem uncovered parking. All units have individual washers and dryers. Quality construction throughout: concrete foundations, wood framing with stucco exteriors, composition shingle roofs, copper gutters, and heavy sound insulation between floors. Ideal for investors or owner-occupants — live in one unit and let the other three generate income. Minutes to freeway access, Ala Moana Center, shopping, dining, and schools. Excellent condition; sold "As Is. Building SF does not match permit records.
Status: Active
MLS Number: 202600662
List Price: $3,495,000Price changed from $4,250,000
Units: 0
0/1/2/3 Bed: 0/0/8/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 01-09-2026
Land: 7,964
Year Built: 1941
Listing courtesy of Bratton Realty Advisors Ltd
Description: This recently rehabbed 8-unit multifamily property in the heart of Moiliili offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures. *Seller is also selling adjacent 8-unit apartment building and both properties can be sold together, 829 Waiaka Place, MLS#202600664, TMK 1-2-7-27-51
Status: Active
MLS Number: 202609304
List Price: $3,499,000Price changed from $3,299,000
Units: 9
0/1/2/3 Bed: 0/8/0/1
Fee:
Region: Metro
Neighborhood: Nuuanu-Lower
List Date: 05-11-2026
Land: 7,857
Year Built: 1955
Listing courtesy of Hawaii Modern Realty
Description: Three buildings on one lot: a 3BD/2BA house with basement and TWO 4-unit apartments, all separately metered. 13 parking stalls and on-site laundry. Bill 7 redevelopment site with existing income. A-1 zoned. Located across from Lili’uokalani Botanical Garden with direct H-1 access and minutes to Downtown Honolulu’s business core. Site has been evaluated and confirmed for Affordable Housing Development Bill 7 qualification, projecting 40 to 56 units at maximum FAR. Collect income while you pursue entitlements. Buyer to conduct own due diligence.
Status: Active
MLS Number: 202619341
List Price: $3,700,000Units: 11
0/1/2/3 Bed: 1/8/1/1
Fee:
Region: Metro
Neighborhood: Waikiki
List Date: 10-14-2026
Land: 5,760
Year Built: 1959
Listing courtesy of CBI Residential Advisory Svcs.
Description: Excellent opportunity to acquire a fee simple, 11-unit multifamily investment property operated as 13 individual rentals! Ideally situated on the quiet side of Waikiki, this property features two separate buildings separated by a spacious courtyard, 5 parking stalls, separately metered electricity and gas, and is NOT in a designated flood zone! Building One is solid concrete with eight 1-bedroom units. Building Two offers a studio, 2-bedroom, and 3-bedroom unit currently rented by the room. The versatile configuration provides multiple income streams and investment flexibility. Enjoy a peaceful residential setting near Waikiki Beach, Kapiolani Park, shopping, dining, and entertainment. An attractive investment opportunity in a desirable rental location!
Status: Active
MLS Number: 202613377
List Price: $3,800,000Units: 19
0/1/2/3 Bed: 16/3/0/0
Fee:
Region: Metro
Neighborhood: Waikiki
List Date: 07-10-2026
Land: 7,476
Year Built: 1942
Listing courtesy of Commercial Inv. Strategies
Description: Phenomenal return on existing rents with upside! 19 unit apartment building with 2 buildings consisting of 16 studios and 3 one/ones. All units occupied with stable tenant base. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays electric for all front bldg and 2 back bldg units, gas, and water. Do not walk property nor disturb the tenants. Bill 7 development possible, owner has some dd items to share with accepted offer.
Status: Active
MLS Number: 202612303
List Price: $3,988,000Price changed from $4,300,000
Units: 9
0/1/2/3 Bed: 0/0/0/9
Fee:
Region: Metro
Neighborhood: Mccully
List Date: 06-30-2026
Land: 7,114
Year Built: 1982
Listing courtesy of Commercial Inv. Strategies
Description: Priced Below Assessed Value! Unique, 9-three-bed, TWO-bath units with 13 covered parking. Concrete construction. Located less than a mile to UH Manoa and Waikiki. Condo-converted (each unit has its own TMK) for flexible exit strategies. Features 3 stacks of 3 units, each stack with separate, secured entries for rare privacy. Landlord-owned laundry in each unit. Massive value-add potential: raise rents, charge for parking, and monetize laundry!
Status: Active
MLS Number: 202603620
List Price: $4,900,000Units: 15
0/1/2/3 Bed: 0/14/0/1
Fee:
Region: Metro
Neighborhood: Waikiki
List Date: 03-02-2026
Land: 4,505
Year Built: 1960
Listing courtesy of Locations LLC
Description: Rarely available apartment building in Waikiki, offering strong income potential and long-term value in one of Honolulu’s most desirable rental markets. Current rents are below market, creating excellent upside potential.
This well-maintained solid hollow-tile structure features a classic tiled exterior and covered parking. Each unit is individually metered for electricity with a shared water meter. All residences offer generous interior space with private lanais or patios.
The property consists of one expansive 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed throughout, including durable high-quality tile flooring, updated kitchens, modernized bathrooms, and newly refurbished railings.
Additional monthly revenue is generated from leased coin-operated laundry machines. Pro forma rental income analysis is available. In 2025, the entire property underwent a plumbing inspection and repair process.
Status: Active
MLS Number: 202404884
List Price: $5,000,000Units: 15
0/1/2/3 Bed: 0/12/3/0
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 03-06-2024
Land: 6,925
Year Built: 1969
Listing courtesy of Real Estate Specialists
Description: Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.
Status: Active
MLS Number: 202611622
List Price: $5,300,000Units: 11
0/1/2/3 Bed: 0/11/0/0
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 06-15-2026
Land: 7,590
Year Built: 1964
Listing courtesy of HI Choice Realty
Description: Exceptional opportunity to acquire a well-maintained 11-unit concrete apartment building in the highly desirable Makiki neighborhood, directly across from Makiki District Park. This investment property features eleven renovated 1-bedroom, 1-bath units with dens, averaging approximately 644 sq. ft. each. Every unit includes a private lanai and one assigned parking stall, with abundant natural light, cool trade winds, and pleasant views. Residents enjoy the convenience of an on-site coin-operated laundry.
Ideally located just minutes from H-1 Freeway access, Punahou School, Maryknoll School, Kapiolani Medical Center, Shriners Children's Hawai?i, shopping, dining, and public transportation. Ownership has invested over $500,000 in recent capital improvements, reflecting pride of ownership and reducing near-term capital expenditure needs. Current rents are below market, providing an attractive value-add opportunity with future income growth potential. Fee Simple. Property to be sold in AS IS condition. Please do not disturb tenants.
Status: Active
MLS Number: 202611443
List Price: $6,950,000Units: 26
0/1/2/3 Bed: 12/4/7/3
Fee:
Region: Metro
Neighborhood: Mccully
List Date: 06-11-2026
Land: 14,400
Year Built: 1960
Listing courtesy of JW REALTY
Description: 3 large buildings near Waikiki and Ala Moana Shopping Center. One building is a 3 story hollow tile concrete building and 2- 2 story buildings. This property has great cash flow with significant upside growth. Easy to rent apartments because of strong Tenant demand. Property is a large parcel of land consisting of 14,400 square feet of land. Property is zoned A-2. Property is good for Bill 7 Affordable Project. 18 parking stalls.
Status: Active
MLS Number: 202528027
List Price: $7,300,000Units: 25
0/1/2/3 Bed: 0/25/0/0
Fee:
Region: Metro
Neighborhood: Kuakini
List Date: 12-29-2025
Land: 5,110
Year Built: 2022
Listing courtesy of Marcus Realty
Description: FIRST COMPLETED BILL 7 APARTMENT BUILDING FOR SALE! 311 Puuhue Place is a newly constructed five-story walk-up completed in 2022 under Honolulu's Bill 7 program, consisting of twenty-five one-bedroom units on 5,110 square feet of fee simple A-1 zoned land. The property includes nine parking stalls, bicycle and moped parking, and electricity and water submetering monitored by Ikehu Utility Solutions. Each unit features in-unit waster/dryer, water heater, refrigerator, and stove/oven. Income and expenses stated are proforma. Bill 7 exemptions include real property tax and general excise tax through 2032. Please contact Listor for additional details. PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PEROPERTY WITHOUT PERMISSION. Note: One or more photos may have been enhanced.
Status: Active
MLS Number: 202510911
List Price: $8,980,000Price changed from $10,235,000
Units: 10
0/1/2/3 Bed: 6/3/1/0
Fee:
Region: Metro
Neighborhood: Waikiki
List Date: 04-29-2025
Land: 37,868
Year Built: 2018
Listing courtesy of Coldwell Banker Realty
Description: One of a kind. Owning the entire 27th floor at the Ritz-Carlton Residences Waikiki Beach, specifically in the Diamond Head Tower, represents a pinnacle of luxury retreat to Hawaii. With sweeping views of the Pacific Ocean, Diamond Head Crater, and the Waikiki Skyline, the residence is perfectly positioned to offer both sunrise and sunset vistas. This high-ceiling full-floor residence provides unmatched privacy and exclusivity, consisting of 10 separate units of studios,1 bedrooms & 2 bedrooms. Many of these homes are available fully furnished, making it effortless to move in, generate income through the hotel pool, or begin hosting guests. Beyond the residence, ownership comes with access to the Ritz-Carlton’s signature five-star service. This includes in-residence dining, daily housekeeping (in hotel pool), concierge services, valet parking, and access to world-class amenities like infinity pools, a fitness center, a full-service spa, and top-tier dining. The sale includes 10 units (CPR) 2701 (1BR 1BA), 2702 (0BR 1BA), 2703 (0BR 1BA), 2705 (1BR 2BA), 2706 (1BR 1BA), 2707 (0BR 1BA), 2708 (0BR 1BA), 2709 (0BR 1BA), 2710 (2BR 2BA), & 2711 (0BR 1BA).
Status: Active
MLS Number: 202401670
List Price: $9,150,000Units: 33
0/1/2/3 Bed: 24/9/0/0
Fee:
Region: Metro
Neighborhood: Ala Moana
List Date: 02-05-2024
Land: 11,728
Year Built: 1951
Listing courtesy of Coldwell Banker Realty
Description: Yes, this is that great three-story building at the end of the circle you noticed when visiting the condominiums on Kahakai Drive. A quiet neighborhood with sidewalks, Kahakai is located along the tree-lined Ala Wai Canal bordering Waikiki, next to the Hawaii Convention Center. A convenient traffic light on Atkinson Drive leads to Ala Moana Shopping Center, Ala Moana Beach Park, and the Ala Wai Yacht Harbor. This concrete building has 33 individually- metered apartments (nine 1-bds and 24 studios), and 14 parking stalls, on 11,728 sqft of land zoned A-2. There's vinyl fencing, garden landscaping, and an on-site laundry room. Don't miss it!
Status: Active
MLS Number: 202403902
List Price: $14,000,000Units: 42
0/1/2/3 Bed: 0/42/0/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 02-20-2024
Land: 13,900
Year Built: 1973
Listing courtesy of Real Estate Specialists
Description: Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level parking lot, this building features 42 1BR/1BA units, 1:1 parking ratio, solid concrete construction, keyed elevator, trash chutes on each level, and a secured community laundry room with 4 washers and 4 dryers. Other considerations include separate electric meters, lovely views, loading zone area, and much more! Call now to find out more about adding this building to your investment portfolio! NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
Status: Active
MLS Number: 202604570
List Price: $18,500,000Units: 36
0/1/2/3 Bed: 0/6/30/0
Fee:
Region: Metro
Neighborhood: Waikiki
List Date: 02-26-2026
Land: 9,064
Year Built: 1971
Listing courtesy of Moana Realty LLC
Description: This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
Status: Contract
MLS Number: 202601167
List Price: $1,425,000Units: 5
0/1/2/3 Bed: 0/0/2/1
Fee:
Region: Metro
Neighborhood: Punchbowl-Lower
List Date: 01-26-2026
Land: 3,169
Year Built: 1918
Listing courtesy of Keller Williams Honolulu
Description: UPDATE — Seller finance portion of purchase!!! Cash-flowing property in the heart of Honolulu. Ideally located directly across from Queen’s Medical Center and just minutes from numerous government buildings, making this a highly desirable investment. This mixed-use property features a strong rental history with both business and residential income streams. Opportunity rarely knocks twice—don’t miss your chance. Enjoy easy access to major thoroughfares and quick connectivity to H-1, providing exceptional commuting convenience. Fee Simple property includes: 1 commercial/business unit, 3 residential units, 1 Large storage room with conversion potential, Separate electric meters, 2 on-site parking stalls plus ample street parking. Please do not disturb tenants.
Status: Contract
MLS Number: 202612630
List Price: $1,425,000Units: 7
0/1/2/3 Bed: 4/3/0/0
Fee:
Region: Metro
Neighborhood: Mccully
List Date: 07-02-2026
Land: 3,116
Year Built: 1953
Listing courtesy of REMAX Hawaii
Description: Excellent opportunity to own a well-maintained 7-unit multi-family property in the heart of McCully zoned BMX-3! This income-producing asset features two separate structures comprised of three one-bedroom units and four studio units. The property has been recently renovated, showcasing vinyl plank flooring, fresh exterior paint, and updated finishes that appeal to today’s tenants. A majority of units are occupied, providing immediate and consistent rental income. Conveniently located near shopping, dining and easy access to public transportation, this McCully property offers both revenue and long-term investment potential! *Continuing to show for offers.
Status: Contract
MLS Number: 202609806
List Price: $1,488,888Price changed from $1,680,000
Units: 4
0/1/2/3 Bed: 0/1/2/1
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 06-15-2026
Land: 5,000
Year Built: 1955
Listing courtesy of SLL Company
Description: Investment property consists of two buildings. Back building has 2-2 bedroom, 1 bath. Front building has a one bedroom and a 3 bedroom.
Long term steady tenants. Good rental in central town location.
Needs some updating but solid.
Priced way below assessed value.
Status: Contract
MLS Number: 202525638
List Price: $1,800,000Price changed from $2,200,000
Units: 0
0/1/2/3 Bed: 0/0/0/0
Fee:
Region: Metro
Neighborhood: Nuuanu-Lower
List Date: 11-19-2025
Land: 9,175
Year Built: 1935
Listing courtesy of Locations LLC
Description: Excellent opportunity to restore large 2-story home(approx. 2,352 sq. ft.) plus 1-bedroom cottage (approx. 560 sq. ft.): or rebuild your dream home or income property on a 9,175 sq. ft. lot in the highly desirable Nuuanu neighborhood with A-1 zoning. Bring your architect and contractor and envision the great potential this property offers. Copper plumbing in front (main) house, updated electrical in back cottage. Roofing for main house replaced approximately 7 years ago. Minutes to downtown Honolulu, freeway accesses and many conveniences. Actual number of bedrooms, bathrooms, and square footage do not match tax records. Front house was being used as a rooming house. Nine rooms were being rented out with shared bathrooms and kitchen.
Status: Contract
MLS Number: 202606614
List Price: $1,888,000Units: 6
0/1/2/3 Bed: 0/0/6/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 04-09-2026
Land: 4,807
Year Built: 1953
Listing courtesy of One Realty, Incorporated
Description: Two story building consisting of (6) 2 bedroom/1 bath with parking space for each unit. Three units on ground level, three units on upper level. Renovations made to 5 of the units. Concrete and wood structure, on corner of Kapiolani Blvd and Paani St. Separate water and electric meter for each unit. (1) unit with gas utility. Coin washers on site for tenant use. Income not reflective of full potential as owner currently occupies 2 of the units. Convenient and on bus line, easy to rent. All to be sold in as-is where is condition.
Status: Contract
MLS Number: 202618210
List Price: $1,950,000Units: 7
0/1/2/3 Bed: 1/0/6/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 09-30-2026
Land: 5,030
Year Built: 1946
Listing courtesy of Commercial Inv. Strategies
Description: Exceptional value for prime Honolulu location. Well-maintained 7-unit apt bldg w/6 twos and 1 studio off Kapiolani Boulevard. Tucked away on a quiet cul-de-sac behind Kuhio Elementary School with convenient access one street makai of the H-1 East on-ramp toward Kahala, and one mile from UH Manoa. Some covered parking, and all seven units are separately metered for electric. 6/7 units have been upgraded, rents well below market. Newly paved, shared private road. Buyer to accept existing survey dated 2/3/23.
Status: Contract
MLS Number: 202610118
List Price: $1,995,000Units: 6
0/1/2/3 Bed: 0/6/0/0
Fee:
Region: Metro
Neighborhood: Kapahulu
List Date: 05-22-2026
Land: 5,005
Year Built: 1957
Listing courtesy of Hawaii Modern Realty
Description: Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Status: Contract
MLS Number: 202609955
List Price: $2,042,250Units: 3
0/1/2/3 Bed: 0/0/0/3
Fee:
Region: Metro
Neighborhood: Kakaako
List Date: 05-20-2026
Land: 6,000
Year Built: 1950
Listing courtesy of Coldwell Banker Island Prop
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
MLS Number: 202618161
List Price: $4,475,000Units: 15
0/1/2/3 Bed: 0/0/15/0
Fee:
Region: Metro
Neighborhood: Moiliili
List Date: 10-01-2026
Land: 14,396
Year Built: 1962
Listing courtesy of Commercial Inv. Strategies
Description: Well-maintained multifamily property with 15 two-bedroom units and 21 parking. Significant recent capital improvements, including a 2023 modified-bitumen roof, new gutters at the 911 building in 2022, upgraded railings w/ spalling repaired, and asbestos ceiling remediation for all units. All units separately metered for electric AND WATER, and all units include owner-owned washers. Three S8 units include utilities.
Status: Contract
MLS Number: 202614412
List Price: $5,500,000Units: 16
0/1/2/3 Bed: 0/9/7/0
Fee:
Region: Metro
Neighborhood: Makiki Area
List Date: 08-18-2026
Land: 9,375
Year Built: 1966
Listing courtesy of Coldwell Banker Island Prop
Description: Prime investment opportunity at 1830 Punahou Street, a premier multi-family residential property situated in Makiki across from Punahou School. Fully leased 16 residential units, consisting of 9 one-bedrooms and 7 two-bedrooms, providing immediate cash flow with clear upside rental potential. This fee-simple property offers tenants close proximity to top-rated schools, medical hubs, dining, and public transit. Residents enjoy effortless access to downtown Honolulu, Ala Moana and Waikiki. Features concrete hollow tile construction, private lanais, and 1 dedicated parking stall per unit. An ideal investment for long-term growth.
Status: Contract
MLS Number: 202316579
List Price: $5,800,000Price changed from $4,900,000
Units: 18
0/1/2/3 Bed: 0/11/7/0
Fee:
Region: Metro
Neighborhood: Pawaa
List Date: 07-14-2023
Land: 11,064
Year Built: 1991
Listing courtesy of AA Oceanfront Rentals & Sales
Description: This prime location, three-story building, built in 1991, offers a total of 11 one-bedroom units (approximately 400 sq ft each) and 7 two-bedroom units (approximately 480 sq ft each). The well-designed layout includes a community room, office, and bathroom on the ground floor. The property features 20 parking stalls, ensuring ample space for residents and visitors. Additionally, there is a secured laundry room equipped with 7 coin-operated washers and dryers. Abundant on-site storage is available for rent to tenants, providing extra income potential.
Status: Pending
MLS Number: 202609730
List Price: $1,100,000Price changed from $1,250,000
Units: 5
0/1/2/3 Bed: 0/1/4/0
Fee:
Region: Metro
Neighborhood: Kapalama
List Date: 05-18-2026
Land: 4,027
Year Built: 1966
Listing courtesy of Real Broker
Description: Rare opportunity to acquire a 5-unit apartment building in Kalihi with Industrial-Mixed Use zoning, offering strong long-term flexibility. The property is currently operating as a multi-family rental with four occupied 2 bedroom units providing immediate income and one 1 bedroom vacant unit offering flexibility for an owner-occupant or additional rental potential.
Status: Pending
MLS Number: 202608740
List Price: $2,375,000Units: 25
0/1/2/3 Bed: 25/0/0/0
Fee:
Region: Metro
Neighborhood: Kapio/Kinau/Ward
List Date: 05-01-2026
Land: 5,469
Year Built: 1948
Listing courtesy of Pacific Century Realty
Description: Rare Investment Opportunity! A 25-Room Apartment Building+ Liquor Store. Here’s your chance to own a high-demand,
income-generating property in a high traffic count area in the heart of Central Oahu. This two-story apartment complex features 25 rentable Studio /rooms, designed for maximum occupancy and ideal for use as a boarding house or workforce housing. Each of the two floor includes shared cooking areas and bathrooms, keeping operating costs low and rental flexibility high. What truly sets this property apart is the standalone liquor retail store located at the front of the lot—a built-in revenue stream with high visibility and foot traffic. Steps away from bus stops, making transportation easy for tenants and customers. Close proximity to Government Offices, Queens hospital, Straub Hospital, medical offices, schools, and major shopping centers. High-traffic area with strong rental demand and commercial visibility. Whether you're an investor looking to maximize cash flow or a business owner seeking mixed-use potential, this unique property delivers.
