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About This Home

This 6-bedroom, 3-bathroom single family at 1156 Alewa Drive in Honolulu, HI is listed for $1,695,000 ($708 per sqft). Built in 1939, the home offers 2,395 sqft of living space on a N/A lot.

Agent 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).

Key Features

  • Built in 1939
  • 5 parking spaces

Property Details

1 story
3 full
5 spaces
1939

Amenities

View

Monthly Cost Estimate

$9,065/mo

20% down · 6.5% · 30 years

Principal$1,226
Interest$7,345
Insurance$494

Estimates only. Actual payments may vary.

Location

1156 Alewa Drive

Honolulu, HI 96817

ALEWA HEIGHTS

Property Details

Flooring

Tile - CeramicLaminate

Construction

Hollow Tile Single Wall Wood Frame

Views

OceanCity

Parking

CarportDrivewayOn Street

Questions & Answers

This 6-bedroom, 3-bathroom single family at 1156 Alewa Drive is listed at $1,695,000 ($708/sqft). The estimated monthly payment is $7,345 based on 20% down at 6.5% interest.

Key features include: Built in 1939, 5 parking spaces.

This property is listed by Jason Hepton and can be reached at 8085019635 or jason.hepton@remaxhawaii.com.

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JH

Jason Hepton

Agent at REMAX Hawaii

(808) 501-9635

Listed by REMAX Hawaii

MLS# 202604525· Source: listhub· Updated 29 days ago

Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1156 Alewa Drive, Honolulu, HI 96817

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