$4,850,000

705 Hoawa Street, Honolulu, HI 96826

  • 11,040 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $439/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd. Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826. This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls. The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization. An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor. Sold As-Is. Please do not disturb tenants.

Listing Status:
Active
Date Added:
January 8, 2026
Data Last Updated:
February 14, 2026 at 7:23AM
Listing Office:
Five Star Realty, Inc. : (808) 382-6871
MLS ID:
202525870
  • Laundry: In Unit
  • Parking: AssignedOpenParking spaces: 12
  • General: Hollow TileConcreteSingle WallWood Frame2Slab
  • Road/Access: Other
  • Originating MLS: HICMLS
  • County: Oahu
  • Topography: Level
  • Zoning: 1-2-7-005-036-0000
  • View: None
  • Utilities: Above Ground UtilitiesElectricity AvailableNatural Gas AvailableWater AvailableSewer Connected
  • Water: Public
  • Sewer: Connected
  • Source: HICMLS

This listing courtesy of Five Star Realty, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Ala Wai Elementary School

503 Kamoku St, Honolulu, HI, 96826

Grades KG-5

0.26 miles away

V

Voyager - a Public Charter School

2428 Wilder Ave, Honolulu, HI, 96822

Grades KG-8

0.63 miles away

K

Kaimuki High School

2705 Kaimuki Ave, Honolulu, HI, 96816

Grades 9-12

0.78 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.