Corner Lot Multifamily
For Sale
$2,650,000
1003 3rd Avenue, Honolulu, HI 96816
Multifamily property with 12 rental units across five separate structures on a corner lot with multiple utility meters.
Property SizeContact for details
Lot Size15,600.00 Acres
Days on Market271
Property Features for 1003 3rd Avenue
General Information
Standard status
Active
Lot size
15,600.00 Acres
Property subtype
Multi-Family / Multi-Family
Zoning
07 - R-3.5 Residential District
Net Operating Income
$161,723
Additional Details
Multifamily Units
12
Amenities
Asphalt Shingle, Other
A/C
Other
Single Wall
Building Details
Year Built
1942
Tenancy
Multi
Listing Agency:
Five Star Realty, Inc.
(808) 255-3839
Listed By:
Brian Chua · License #RB-21314
(808) 255-3839
Source:
Compass
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Jul 21 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Realty, Inc.
Investment Insights
Based on property information with market context.
This income-generating multifamily property consists of 12 rental units distributed across five separate structures, including five studio units, six one-bedroom units, and one two-bedroom unit. The site is a corner lot with a reported 15,600 sq. ft. lot area, zoned R-3.5.
The property is situated on 3rd Avenue and Palima Place, across Pahoa Avenue, and is described as offering convenient access near freeway on/off ramps. It is also noted as being near retail and dining corridors, including Market City Shopping Center, Kapahulu Shopping Center, and areas along Waialae Avenue and Kapahulu Avenue.
Utilities are separately metered, with 11 individual electric meters, 11 individual gas meters, and 2 water meters. The buyer is instructed to perform their own due diligence.
The property is situated on 3rd Avenue and Palima Place, across Pahoa Avenue, and is described as offering convenient access near freeway on/off ramps. It is also noted as being near retail and dining corridors, including Market City Shopping Center, Kapahulu Shopping Center, and areas along Waialae Avenue and Kapahulu Avenue.
Utilities are separately metered, with 11 individual electric meters, 11 individual gas meters, and 2 water meters. The buyer is instructed to perform their own due diligence.
Key Highlights
- 12 rental units across five separate structures, including 5 studios, 6 one‑bedroom units, and 1 two‑bedroom unit
- 15,600 sq. ft. lot zoned R‑3.5 on a corner lot with frontage from 3rd Avenue to Palima Place across Pahoa Avenue
- Utilities include 11 individual electric meters, 11 individual gas meters, and 2 water meters
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 12 rental units across five separate structures on a corner lot with multiple utility meters.
Where is this apartment building located?
The property is located at 1003 3rd Avenue Honolulu, HI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 12 rental units across five separate structures, including 5 studios, 6 one‑bedroom units, and 1 two‑bedroom unit; 15,600 sq. ft. lot zoned R‑3.5 on a corner lot with frontage from 3rd Avenue to Palima Place across Pahoa Avenue; Utilities include 11 individual electric meters, 11 individual gas meters, and 2 water meters
