Honolulu Multi-Family Investment
1156 Alewa Drive, Honolulu, HI 96817
MULTI_FAMILY - Honolulu, HI
- Added:
- Mar 12, 2026
- Days on Market:
- 69
- Last Refresh:
- May 19 at 9:06 am
Property Features for 1156 Alewa Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Parking features
- Open, Covered, Tandem
- Appliances
- Dryer, Washer
- Standard status
- Active Under Contract
- APN
- 1-1-8-033-022-0000
Taxes and HOA fees
- Tax Annual Amount
- 4468
Utilities
- Utilities
- Water Available
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Hollow Tile, Single Wall, Wood Frame
Listing agent Jason Hepton License #RS-85422 (808) 501-9635
Listing office REMAX Hawaii 4211 Waialae Avenue Box 9050, Honolulu, HI (808) 738-3600
Listing date Mar 12, 2026
MLS# 202604529
Listing URL
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three detached dwellings on a single parcel in Honolulu, offering a rare multi‑family investment opportunity.
- Immediate income of $5,750/month with potential to reach $9,150/month from rental units.
- Low maintenance costs and strong appreciation potential, ideal for 1031 exchange or investors.
- Each house features 2 bedrooms, 1 bathroom, separate electric meter, private yard, and remodeled kitchen with new appliances and flooring.
- Desirable location close to schools and restaurants, with ocean, downtown Honolulu, and Diamond Head views.
- Roofs in good condition, newer exterior storage, and covered carport.
Overview
This Honolulu property features three detached dwellings situated on a single parcel, presenting an attractive residential investment opportunity. The property is intended for use as a residential income property and offers stable cash flow, low maintenance costs, and strong appreciation potential. Renovations completed in 2025 make it suitable for a 1031 exchange or investors seeking stable net operating income and low operating costs. Two rental units provide an immediate income of $5,750 per month, including GET (General Excise Tax), with potential income of $3,400 per month, including GET, from the third home, totaling $9,150 per month. Each house includes two bedrooms, one bathroom, a separate electric meter, a small private yard, a remodeled kitchen with new appliances, and new flooring. The property is located in a desirable neighborhood near schools and restaurants, and offers views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, and the property includes newer exterior storage and a covered carport. This multi-family investment offers high rental demand and reduced management intensity compared to larger multi-family properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.854211
- Latitude
- 21.334383
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three detached homes on a single parcel in Honolulu.
Where is this triplex located?
The property is located at 1156 Alewa Drive Honolulu, HI.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three detached dwellings on a single parcel in Honolulu, offering a rare multi‑family investment opportunity.; Immediate income of $5,750/month with potential to reach $9,150/month from rental units.; Low maintenance costs and strong appreciation potential, ideal for 1031 exchange or investors.
