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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1156 Alewa Drive in Honolulu, HI is listed for $1,695,000. Built in 1939, on a N/A lot.
An extremely attractive residential offering to acquire 3 detached dwellings, all located on a single parcel in Honolulu. The property offers stable cash flow combined with low maintenance costs and strong appreciation potential. 2025 renovations make this offering ideal for 1031 exchange or investors seeking stable NOI and low operating costs.
2 rental units provide immediate income of $5,750/mo. incl. GET plus potential income of $3,400/mo. incl. GET from the 3rd home for a total of $9,150/mo. in income. A rare multi-family investment with high rental demand and reduced management intensity compared to larger multi-family properties.
Each house offers 2 bedrooms and 1 bathroom, separate electric meter, small private yard, remodeled kitchen with new appliances and flooring. Gently sloped parcel in a desirable neighborhood, located close to schools and restaurants, with views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, with newer exterior storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).
Key Features
- Built in 1939
- 5 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$9,065/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1156 Alewa Drive
Honolulu, HI 96817
ALEWA HEIGHTS
Property Details
Construction
Views
Parking
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1156 Alewa Drive is listed at $1,695,000. 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.
