We are expert real estate agents who know Kapiolani very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
Don’t miss this Incredible Opportunity to own a LEGAL Fourplex with A-2 Apartment Zoning in an AMAZING location behind the back entrance of UH Manoa! Seller has been getting $7,100 per month in rent. Seller has two units purposely vacant and the other 2 units leases are up in July and August so a buyer has MAX flexibility and could take advantage of an OWNER OCCUPANT LOAN. Live in one unit and have the rest pay your mortgage! Or rent them all out and cash in! With this central location on Waialae Ave. near shopping, business district, freeway and bus access, you won’t have a problem finding a tenant. (2) 1 bedrooms in the main home, (1) 2 bedroom in the main home and a separate detached 2 bedroom cottage each with their own electrical meter. 6 parking stalls, storage and AC’s in each unit. Tenants pay for cable and electricity and provide their own washer and dryer. The property was recently repaired and renovated in 2022. New Roof, Paint, Electrical, Plumbing, Appliances, Vinyl Windows, and Flooring. Seller’s hard work is your gain…Just Close and Collect your Checks! Please do not disturb tenants. Listing Agent must be present to show with at least 48 hour notice.
Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Patio/Deck, Storage, Wall/Fence
TMK: 1-2-7-28-46-0
Tax Assessed Land: $1,149,500
Tax Assessed Improvements: $216,100
Tax Assessed Total: $1,365,600
Courtesy: BHGRE Advantage Realty / (808) 261-1800
MLS: 202406181
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2026.Information is deemed reliable but not guaranteed.
Sold 8/22/24 at $1,425,000 (List Price: $1,549,000)
Description
Don’t miss this Incredible Opportunity to own a LEGAL Fourplex with A-2 Apartment Zoning in an AMAZING location behind the back entrance of UH Manoa! Seller has been getting $7,100 per month in rent. Seller has two units purposely vacant and the other 2 units leases are up in July and August so a buyer has MAX flexibility and could take advantage of an OWNER OCCUPANT LOAN. Live in one unit and have the rest pay your mortgage! Or rent them all out and cash in! With this central location on Waialae Ave. near shopping, business district, freeway and bus access, you won’t have a problem finding a tenant. (2) 1 bedrooms in the main home, (1) 2 bedroom in the main home and a separate detached 2 bedroom cottage each with their own electrical meter. 6 parking stalls, storage and AC’s in each unit. Tenants pay for cable and electricity and provide their own washer and dryer. The property was recently repaired and renovated in 2022. New Roof, Paint, Electrical, Plumbing, Appliances, Vinyl Windows, and Flooring. Seller’s hard work is your gain…Just Close and Collect your Checks! Please do not disturb tenants. Listing Agent must be present to show with at least 48 hour notice.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2026.Information is deemed reliable but not guaranteed.
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.
