We have sold in Makiki and have a deep understanding of the neighborhood's specific nuances. We're happy to answer any questions.
Description
Rarely available multiple dwelling property located in desirable Keeaumoku St. Units are separated as follows: one 3-bedroom with 2 bathrooms, four 1-bedrooms with 1 bathroom each, and 7 bedrooms that share 2 bathrooms without a kitchen. In total 8 bathrooms and 7 parking spots. Currently occupied by multiple tenants that come out to a monthly gross income of $10,245. Annual yearly gross income comes out to around $113,000. The 3-bedroom has a washer/dryer in dwelling. There are 2 coin-operated washers shared by tenants outside. The property was originally built in 1918 but was completely remodeled in 1948 and the second floor was added then. During ownership the current owner repainted, made many repairs, and replaced the roof about 4 years ago. Good investment opportunity and a chance to own land in a residential Makiki neighborhood. To be sold as is.
Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.
Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 20, 2026.Information is deemed reliable but not guaranteed.
Rarely available multiple dwelling property located in desirable Keeaumoku St. Units are separated as follows: one 3-bedroom with 2 bathrooms, four 1-bedrooms with 1 bathroom each, and 7 bedrooms that share 2 bathrooms without a kitchen. In total 8 bathrooms and 7 parking spots. Currently occupied by multiple tenants that come out to a monthly gross income of $10,245. Annual yearly gross income comes out to around $113,000. The 3-bedroom has a washer/dryer in dwelling. There are 2 coin-operated washers shared by tenants outside. The property was originally built in 1918 but was completely remodeled in 1948 and the second floor was added then. During ownership the current owner repainted, made many repairs, and replaced the roof about 4 years ago. Good investment opportunity and a chance to own land in a residential Makiki neighborhood. To be sold as is.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 20, 2026.Information is deemed reliable but not guaranteed.
Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.
Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the ... Read more
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
Property Taxes
Honolulu County Property Tax Info Real property tax rates in Honolulu are based on the property’s tax classification, as determined by the City & County.
Residential (0.35%) Applies to owner-occupied properties with an approved Home Exemption, or to properties with an assessed value under $1,000,000.
Residential A (Tiered) Applies to properties with an assessed value of $1,000,000+ where no Home Exemption is claimed (e.g., second homes, investment properties). First $1,000,000 taxed at 0.40% • Value above $1,000,000 taxed at 1.14%
Home Exemption A fixed deduction ($120,000–$160,000, depending on age) that reduces the taxable assessed value when approved.
Contact Agent
We have sold in Makiki and have a deep understanding of the neighborhood's specific nuances. We're happy to answer any questions.
