Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1640 Lusitana St Honolulu, HI 96813

    For Sale
    $2,888,000

    MULTI_FAMILY - Honolulu, HI

    Days on Market:
    25
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1640 Lusitana St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1-2-2-002-051-0000
    Parking
    10
    Parking features
    Assigned

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    10
    Building materials
    Hollow Tile, 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

    MLS# 202514545 Listing URL

    Copyright © 2025 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 dryer), and water. The property includes owned coin laundry. The lot size is 12285 square feet. The back of the lot may have development potential for a home, with a driveway plan for separate access if subdivided. Interested parties should independently confirm subdivision possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.852655
    Latitude
    21.314447

    Nearby Similar for Sale

    • New
      $5,195,000
      Pending

      Historic Honolulu Home with Ocean Views

      Unique 1937 home near Diamond Head with guest cottage.
      2980 Makalei Pl, Honolulu, HI 96815
      View Details
    • $1,950,000
      2,799 SF

      Honolulu Multifamily Near University

      Renovated multifamily property near University of Hawaii and Waikiki.
      3741 Harding Ave, Honolulu, HI 96816
      View Details
    • $21,000,000

      Versatile Land in Honolulu

      76+ acres suitable for agriculture, entertainment, or redevelopment.
      3717 Manoa Rd, Honolulu, HI 96822
      View Details
    • $21,000,000

      Versatile Land in Honolulu, Hawaii

      76+ acres suitable for agriculture, entertainment, or redevelopment.
      3737 Manoa Rd, Honolulu, HI 96822
      View Details
    • $1,700,000

      Multifamily Property in Honolulu, HI

      Multifamily property with three units on a spacious lot.
      628 Kunawai Ln, Honolulu, HI 96817
      View Details
    • New
      $1,544,000
      1,504 SF

      Two Detached Homes Near UH

      Two detached homes on a corner lot near UH.
      1708 Nakiu Pl, Honolulu, HI 96822
      View Details

    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, offering immediate rental income.; - Large lot with future development potential (buyer to confirm).; - Conveniently located less than half a mile from downtown Honolulu.
    (808) 429-1098
    Request Owner's contact information
    1640 Lusitana St Honolulu, HI 96813
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1640 Lusitana St
    Honolulu, HI 96813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.