Renovated Multifamily with Retail
For Sale
$5,388,000
54 Maluniu Avenue, Kailua, HI 96734
Renovated building with 10 apartments and 2 ground-floor retail units, plus covered parking for seven vehicles.
Property Size6,507 SF
Price / SF$828.03
Days on Market554
Property Features for 54 Maluniu Avenue
General Information
Standard status
Active
Size
6,507 SF
Class
Trophy
Total Parking Spaces
7
Property subtype
Multi Family
Financials
Cap Rate
5.5%
Business Included
Yes
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$27,840
Building Details
Building Size
6,507 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Standard Management LLC
Listed By:
Michael M Okamoto · License #RB-22000
(808) 208-8107
Source:
Careyluxury
Added: Apr 15, 2025
Changed: Oct 8
Last Checked: Oct 19 at 1:04PM
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 Standard Management LLC
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Investment Insights
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This renovated income property features 10 apartment units and two ground-floor retail units. Building improvements include replacement of all utilities, a new silicone waterproof roof, and commercial-grade gutter systems. Interior updates include new stainless steel appliances, updated flooring and interiors, fencing, and fresh painting. The apartments include dual-pane vinyl windows with balcony sliding doors, LED lighting, and split AC units in both bedrooms and living rooms. Each unit also includes an individual full-size stacked washer-dryer on its balcony.
Parking includes seven covered stalls and abundant street parking in the immediate area. The two retail spaces are positioned in a high-visibility retail corridor. The property is located just moments from Whole Foods Market and Kailua Beach, and the apartments and retail units are split into separate TMKs (1-4-3-31-27-1 & -2).
Parking includes seven covered stalls and abundant street parking in the immediate area. The two retail spaces are positioned in a high-visibility retail corridor. The property is located just moments from Whole Foods Market and Kailua Beach, and the apartments and retail units are split into separate TMKs (1-4-3-31-27-1 & -2).
Key Highlights
- Renovated 10‑apartment and 2 ground‑floor retail unit building (Year built: 1965) with split TMKs: 1‑4‑3‑31‑27‑1 & -2
- Major renovation work noted: replacement of all utilities, new silicone waterproof roof, commercial grade gutters, new stainless steel appliances, flooring, interiors, fencing, and painting
- Apartment units feature dual‑pane glass vinyl windows, balcony sliding doors, LED lighting, and split AC units (bedrooms and living rooms), plus stacked LG washer‑dryers on balconies
Property Analytics
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Demographics for 96734, HI
49,922
Population
18,208
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$131,554
Median Household Income
$56,374
Median Earnings
$3,297
Median Rent
$1,246,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated building with 10 apartments and 2 ground-floor retail units, plus covered parking for seven vehicles.
Where is this apartment building located?
The property is located at 54 Maluniu Avenue Kailua, HI.
What is the asking price?
The asking price for this property is $5,388,000.
What are key features of this property?
This property features: Renovated 10‑apartment and 2 ground‑floor retail unit building (Year built: 1965) with split TMKs: 1‑4‑3‑31‑27‑1 & -2; Major renovation work noted: replacement of all utilities, new silicone waterproof roof, commercial grade gutters, new stainless steel appliances, flooring, interiors, fencing, and painting; Apartment units feature dual‑pane glass vinyl windows, balcony sliding doors, LED lighting, and split AC units (bedrooms and living rooms), plus stacked LG washer‑dryers on balconies
