$1,695,000

1156 Alewa Drive, Honolulu, HI 96817

6 beds |
3 baths |
2,395 sqft

Single-Family Home
Built in 1939
7,841sqft lot
—— car garage
$708/sqft
Listed 6 days ago

Property Description

An extremely rare offering to acquire 3 fully detached residential dwellings, located on a single parcel in Honolulu. 2025 renovations increased rental income, lowered risk and maintenance costs. Ideal for an owner occupier to live in the main house and receive significant rental income from 2 improved rental units. Also ideal for 1031 exchange or investors seeking stable NOI coupled with long-term appreciation. Immediate rental income of $5,750/mo. incl. GET can offset mortgage payment, plus potential income of $3,400/mo. incl. GET from the 3rd home can generate a total of $9,150/mo. in rental income. Quiet setting with cool breezes, each house offers 2 bedrooms and 1 bathroom, separate electric meter, washer/dryer, private yard, remodeled kitchen, new appliances and flooring. Located on Alewa Drive, in a desirable neighborhood, just past Assets School. Amazing views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, convenient and secure exterior storage, and a large covered carport. Please do not disturb tenants or park in the driveway. A few photos have been virtually staged(enhanced).

Listing Status:: Active
Date Added:: March 12, 2026
Data Last Updated:: March 19, 2026 at 2:20AM
Listing Office:: REMAX Hawaii : (808) 738-3600
MLS ID:: 202604525

Flooring: Ceramic TileLaminate

Style: Multiplex
Pool: None
Parking: CarportDrivewayThree or more SpacesOn StreetParking spaces: 5

General: Hollow TileSingle WallWood Frame1Slab

Road/Access: County Road
HOA Amenities: None
Originating MLS: HICMLS
County: Oahu

Topography: LevelSloping
Zoning: 1-1-8-033-022-0000
View: CityMountain(s)OceanView

Utilities: Above Ground UtilitiesElectricity AvailableNatural Gas AvailableWater Available
Water: Public

Source: HICMLS

This listing courtesy of REMAX Hawaii

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Maemae Elementary School

319 Wyllie St, Honolulu, HI, 96817

Grades KG-5

0.59 miles away

Prince David Kawananakoa Middle School

49 Funchal St, Honolulu, HI, 96813

Grades 6-8

1.04 miles away

Governor Wallace Rider Farrington High School

1564 N King St, Honolulu, HI, 96817

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.