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    1640 Lusitana St Honolulu, HI 96813

    Sponsored
    For Sale
    $2,888,000

    COMMERCIAL - Honolulu, HI

    Days on Market:
    59
    Last Refresh:
    Jan 8 at 9:06 pm

    Property Features for 1640 Lusitana St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1-2-2-002-051-0000
    Parking
    10
    Parking features
    Assigned, On Street

    Utilities

    Utilities
    Natural Gas Available

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    10
    Flooring type
    Concrete
    Building materials
    Block, Concrete

    Commercial Investment Strategies, LLC (808) 429-1098 [email protected]

    Listing agent Christina L Dwight (808) 429-1098 License #RB-20978

    Listing date Nov 11, 2025

    Copyright © 2026 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Honolulu Multifamily Investment Opportunity

    This multifamily property is located less than half a mile from downtown Honolulu. The property features hollow tile construction and includes 10 one-bedroom units and 10 parking spaces. Each unit is separately metered for electricity. There are common area meters for electric, gas (for the dryer), and water. The property includes an owned coin laundry. The large lot offers space in the back for a yard, garden, or possible duplex. According to the owner, the back part of the lot could be developed with a home, and a driveway plan exists for accessing it separately if subdivided (buyer to confirm with their own due diligence). This property is suitable as a starter investment, allowing an owner to live in one unit and rent out the others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8526742
    Latitude
    21.3144452

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near downtown Honolulu with development potential.
    Where is this apartment building located?
    The property is located at 1640 Lusitana St Honolulu, HI.
    What is the asking price?
    The asking price for this property is $2,888,000.
    What are key features of this property?
    This property features: - Investment property featuring 10 one-bedroom units, perfect for generating immediate rental income.; - Large lot offers future development potential, including possible duplex or single-family home (buyer to verify).; - Conveniently located less than half a mile from downtown Honolulu.
    (808) 429-1098
    Request Owner's contact information
    1640 Lusitana St Honolulu, HI 96813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1640 Lusitana St Honolulu, HI 96813
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