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6-Unit Apartment Building

708 E Olokele Ave, Honolulu, HI 96816

For Sale
$1,995,000

Month-to-month leases give the next owner flexibility in managing the apartment’s rental terms.

Property Size2,592 SF
Price / SF$769.68
Days on Market22

Property Features for 708 E Olokele Ave

General Information

Standard status Active
Size 2,592 SF
Total Parking Spaces 6
Property subtype Multi-Family

Site & Location

Neighborhood Kapahulu

Additional Details

Multifamily Units 6
Tenant in Place Yes

Amenities

coin-operated laundry

Building Details

Year Built 1957
Buildings 1
Stories 2
Listing Agency: Hawaii Modern Realty
Listed By: Corinda S Wong · License HI RB-16111
Source: Paradisebrokers
Added: Oct 20 Changed: Nov 9 Last Checked: Nov 7 at 4:09PM

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 Hawaii Modern Realty

Rey
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Investment Insights

Based on property information with market context.

This two-story apartment property at 708 E Olokele Avenue in Honolulu contains 6 units and dates to 1957. The apartments are maintained and include gas ranges, electric refrigerators, smoke alarms, and built-in ironing boards. Kitchens have stainless steel sinks, cabinetry extending to the ceiling, and built-in dining tables.

Exterior features include a renovated 6-stall carport, vinyl fencing, coin-operated washers and dryers, tankless water heaters, and storage. Photocell and sensor lighting serve the property. The exterior has been repainted, and the leases are month to month.

Key Highlights

  • Six apartments in a two‑story building constructed in 1957
  • Renovated 6‑stall carport
  • Coin‑operated washers and dryers on site

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

6
Residential units

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
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Market

Average Price Trend$/SF for Apartment buildings in Honolulu, HI

$613 Jul
$549 Aug
$513 Sep
$534 Oct

Properties on Market for Apartment buildings in Honolulu

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Month-to-month leases give the next owner flexibility in managing the apartment’s rental terms.
Where is this apartment building located?
The property is located at 708 E Olokele Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Six apartments in a two‑story building constructed in 1957; Renovated 6‑stall carport; Coin‑operated washers and dryers on site
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