$1,750,000

750 Makaleka Avenue, Honolulu, HI 96816

Multi-Family Home
Built in 1973
6,970sqft lot
—— car garage
$——/sqft
Listed 10 months ago

Property Description

NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning. This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units. Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking. For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.

Listing Status:: Active
Date Added:: February 12, 2025 at 06:00AM
Listing Office:: Compass : (808) 825-4277
MLS ID:: 202505011

Parking: OpenParking spaces: 10

General: Hollow TileSingle Wall2

Originating MLS: HICMLS
County: Oahu

Topography: Level
Zoning: 1-2-7-035-010-0000
View: None

Utilities: Above Ground UtilitiesElectricity AvailableWater AvailableSewer Connected
Water: Public
Sewer: Connected

Source: HICMLS

This listing courtesy of Compass

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Prince Jonah Kuhio Elementary School

2759 S King St, Honolulu, HI, 96826

Grades KG-5

0.55 miles away

Hawaii School for the Deaf and Blind

3440 Leahi Ave, Honolulu, HI, 96815

Grades PK-12

0.67 miles away

Kaimuki High School

2705 Kaimuki Ave, Honolulu, HI, 96816

Grades 9-12

0.30 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.