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Honolulu Multi-Unit Investment Opportunity
For Sale
$5,000,000

1254 Lunalilo Street, Honolulu, HI 96822

MULTI_FAMILY - Honolulu, HI

Property SizeContact for details
Days on Market889

Property Features for 1254 Lunalilo Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 12 - A-2 Medium Density Apartme
Parking 15
Parking features Assigned
Appliances Dryer, Washer
Subdivision MAKIKI AREA
Lot features Cleared, Level
View City
Standard status Active
APN 1-2-4-020-017-0000

Taxes and HOA fees

Tax Annual Amount 7176

Utilities

Utilities Cable Available
Water source Public

Building Details

Year built 1969
Floors in Building 3
Number of units 15
Building materials Hollow Tile, Concrete
Listing Agency: Real Estate Specialists
Listed By: Derek C Lau · License #RB-19796
Added: Mar 6, 2024 Changed: Jun 10 Last Checked: Aug 12 at 8:06AM
MLS# 202404884

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.

Investment Insights

Based on property information with market context.

Located in a convenient area, this 15-unit concrete multiunit building features a 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. The property includes 12 one-bedroom units and 3 two-bedroom units. Each unit features an open layout, neutral interior paint, a living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. All units feature a balcony. Tenants have easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. The property is intended for use as a multiunit residential building.

Key Highlights

  • 15‑unit concrete multiunit building built in 1969 with a 1:1 parking ratio and assigned parking
  • Unit mix includes 12 one‑bedroom units and 3 two‑bedroom units
  • Separate electric meters for the building

Property Analytics

Current Use

Apartment buildings

Lease Details

15
Residential units

Location Intelligence

Demographics for 96822, HI

42,231
Population
19,960
Households
2.1
Avg Household Size
45
Median Age
58%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,594
Median Household Income
$49,159
Median Earnings
$1,736
Median Rent
$985,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 15-unit building in a convenient location with desirable amenities.
Where is this apartment building located?
The property is located at 1254 Lunalilo Street Honolulu, HI.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 15‑unit concrete multiunit building built in 1969 with a 1:1 parking ratio and assigned parking; Unit mix includes 12 one‑bedroom units and 3 two‑bedroom units; Separate electric meters for the building
More about this property
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