Back to Search

Honolulu Multifamily Investment Opportunity

1640 Lusitana Street, Honolulu, HI 96813

View on Map

For Sale

$2,888,000

Multifamily property near downtown Honolulu with development potential.

Type:Multi-Family / Multi-Family

Property size:

3,634 SF

Price / SF:

$794/SF

HighLights

Investment property with 10 one‑bedroom units, offering immediate rental income potential.
Large lot with potential for future development, including possible duplex or single‑family home (buyer to verify).
Convenient location less than half a mile from downtown Honolulu.
Ten parking spaces available for tenants.
Each unit separately metered for electric, with CAM meters for electric, gas (dryer), and water.
On‑site coin laundry provides additional income and convenience.

We can help!

Listing Contact

Christina L Dwight

Learn more

For Sale

$2,888,000

Multifamily property near downtown Honolulu with development potential.

Type:Multi-Family / Multi-Family

Property size:

3,634 SF

Price / SF:

$794/SF

Added:: Nov 16, 2024
Days on Market:: 573
Last Refresh:: Mar 13 at 1:01 pm

Property Features for 1640 Lusitana Street

General Information

Standard status: Active
Size: 3,634 SF
Property subtype: Multi-Family / Multi-Family

Building Details

Year Built: 1958

We can help!

Listing Contact

Christina L Dwight

Listing agent Christina L Dwight License #RB-20978

Listing office Commercial Inv. Strategies

Listing date Nov 16, 2024

Source Compass

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 Commercial Inv. Strategies

HighLights

Investment property with 10 one‑bedroom units, offering immediate rental income potential.
Large lot with potential for future development, including possible duplex or single‑family home (buyer to verify).
Convenient location less than half a mile from downtown Honolulu.
Ten parking spaces available for tenants.
Each unit separately metered for electric, with CAM meters for electric, gas (dryer), and water.
On‑site coin laundry provides additional income and convenience.

Overview

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 CAM meters for electric, gas (for dryer), and water. The property includes owned coin laundry. The lot offers space in the back for a yard, garden, or possible duplex. According to the owner, the back part of the lot could be developed with a home, and a driveway plan exists for accessing it separately if subdivided; buyers should confirm this with their own due diligence. The property size is 3,634 square feet.

Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Honolulu
County: Honolulu
State: Hawaii
Longitude: -157.8526742
Latitude: 21.3144452

Nearby Similar for Sale

$5,295,000

4,400 SF

Honolulu Mixed-Use Commercial Property

Multi-tenant office building and warehouse in Honolulu for sale.

2045 Kamehameha IV Road, Honolulu, HI 96819

View Details
$550,000

Waikiki Medical/Professional Office Space

Turnkey medical/professional office in a vibrant Waikiki location.

400 Hobron Lane, Honolulu, HI 96815

View Details
$1,900,000

4,400 SF

Honolulu Warehouse in Kalihi I-2

Warehouse in Kalihi I-2 corridor with convenient access.

1818 Kahai Street, Honolulu, HI 96819

View Details
$660,000

2,438 SF

Professional Office Suites with Parking

Well-appointed office layout with reception, conference rooms, multiple restrooms, and covered parking.

222 Vineyard Street, Honolulu, HI 96813

View Details
$207,500

Waikiki Commercial Office Space

Fee simple office space in the heart of Waikiki.

400 Hobron Lane, Honolulu, HI 96815

View Details
$2,700,000

Street-Level Restaurant and Office Building

Fee simple mixed-use building with a street-level restaurant lease and multiple office units, including currently vacant space.

1726 S King Street, Honolulu, HI 96826

View Details
$695,000

2,438 SF

Honolulu Office Unit For Sale

Office unit with storage, conference rooms, and covered parking.

222 Vineyard Street, Honolulu, HI 96813

View Details
$1,800,000

2,352 SF

Honolulu Multi-Family Restoration Opportunity

Restore or rebuild on a large lot in Nuuanu neighborhood.

1727 Nuuanu Avenue, Honolulu, HI 96817

View Details
$2,790,000

Honolulu Multifamily Investment Opportunity

Multifamily property near Waikiki and University of Hawai'i.

2013 Young Street, Honolulu, HI 96826

View Details
$2,295,000

Multi-Family Income Property with Studio

Four-dwelling configuration offers strong flexibility for investors or owner-occupants, with a garage-level studio and separate meters.

1602 Mikahala Way, Honolulu, HI 96816

View Details
$175,000

1,048 SF

Turnkey Restaurant in Honolulu Chinatown

Authentic Vietnamese restaurant for sale in Honolulu's Chinatown.

1145 Maunakea Street, Honolulu, HI 96817

View Details
$2,215,000

3,502 SF

Residential Income Property with Ohana

Split-level home includes an OHANA unit and separate lower-level living, offering flexible residential income potential.

2308 Liloa Rise, Honolulu, HI 96822

View Details

For sale
Apartment buildings
HI
Honolulu
96813
1640 Lusitana Street

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 Street 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 with 10 one‑bedroom units, offering immediate rental income potential.; Large lot with potential for future development, including possible duplex or single‑family home (buyer to verify).; Convenient location less than half a mile from downtown Honolulu.