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New Price - $7,777,000 | Outstanding Value Below Replacement Cost! Offered well below replacement cost, this fee simple apartment property presents an exceptional opportunity to acquire a well-located Honolulu multifamily asset with both stable in-place income and meaningful upside. Investors can benefit from lease-up potential, future rent growth, and the possibility of a condominium conversion, with the property potentially achieving a 6% cap rate within the first year of ownership. Located outside the FEMA flood zone, the property does not require flood insurance, reducing operating expenses and enhancing long-term returns.
| DAYS ON MARKET | 7 | LAST UPDATED | 7/30/2026 |
|---|---|---|---|
| TRACT | KAPIO/KINAU/WARD | YEAR BUILT | 1961 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dryer, Washer |
|---|---|
| AREA | Metro |
| CONSTRUCTION | Concrete |
| LOT | 13322 acre(s) |
| LOT DESCRIPTION | Cleared, Level |
| LOT DIMENSIONS | 13322 |
| STORIES | 3+ |
| SUBDIVISION | KAPIO/KINAU/WARD |
| TAXES | 12864 |
| UTILITIES | Cable Available, Natural Gas Available, Phone Available, Water Available, Sewer Connected |
| VIEW DESCRIPTION | None |
| ZONING | 12 - A-2 Medium Density Apartme |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Obsidian Real Estate LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 8/6/26 6:04 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 8/6/26 6:04 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2026.
