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    1654 Olona Ln, Unit B Honolulu, HI 96817

    Under Contract
    For Sale
    $1,490,000

    MULTI_FAMILY - Other - Honolulu, HI

    Property size:
    3,308 SF
    Days on Market:
    58
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1654 Olona Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5
    Bedrooms
    7
    Bathrooms
    5
    APN
    1-1-7-034-069-0000
    Parking
    5
    Size
    3,308 SF

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    2
    Flooring type
    Vinyl, Tile - Ceramic
    Building materials
    Double Wall, Wood Frame
    Architectural style
    Other

    Five Star Realty Inc (808) 382-6871 [email protected]

    Listing agent Brian Chua (808) 382-6871 License #RB-21314

    Listing date Oct 9, 2025

    MLS# 202519293 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 Property For Sale

    Built in 2018, this well-maintained property offers the opportunity to generate rental income. The property is located in a convenient area, minutes from Costco, restaurants, Chinatown, hospitals, gas stations, supermarkets, business offices, banks, and churches, with easy freeway access. The property is suitable for investors, multi-generational families, or those looking to offset their mortgage with rental income. The upstairs unit features 3 bedrooms and 2 bathrooms and is currently owner-occupied with modern finishes. Downstairs, Unit 1 has 2 bedrooms and 1 bathroom and is rented at $2,200 per month. Unit 2 also has 2 bedrooms and 1 bathroom and is rented at $2,150 per month. The studio unit brings in $1,200 per month. The total rental income is $5,550 per month, not including the owner's unit. The property size is 3308 square feet and the lot size is 4150 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.859561
    Latitude
    21.323337

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property built in 2018 with strong rental income.
    Where is this apartment building located?
    The property is located at 1654 Olona Ln, Unit B Honolulu, HI.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: - Substantial Rental Income: Generates $5,550/month from three units.; - Prime Location: Easy access to Costco, restaurants, Chinatown, hospitals, and freeways.; - Versatile Investment: Ideal for investors, multi-generational families, or homeowners.
    (808) 382-6871
    Request Owner's contact information
    1654 Olona Ln, Unit B Honolulu, HI 96817
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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
    1654 Olona Ln, Unit B Honolulu, HI 96817
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