# 1156 Alewa Drive, Honolulu, HI 96817

> **TL;DR:** residential multi family, $1,695,000, built 1939.
> View. Est. $7,345/mo. Listed 29 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,695,000 |
| Year Built | 1939 |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 29 |

## Why This Home Stands Out

- **Views** - City, Ocean

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,345 |
| **Total** | **$7,345** |

## Nearby Schools

- **Elementary:** Maemae
- **Middle:** Kawananakoa
- **High:** Mckinley

## Key Amenities

- View

## Property Highlights

- Built in 1939
- 5 parking spaces

## Description

### Agent Description
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).

## Location

- **Address:** 1156 Alewa Drive, Honolulu, HI 96817
- **County:** Oahu
- **Neighborhood:** ALEWA HEIGHTS
- **Coordinates:** 21.334386, -157.854225
- **Google Maps:** https://www.google.com/maps?q=21.334386,-157.854225

## Listing Agent

- **Name:** Jason Hepton
- **Brokerage:** REMAX Hawaii
- **Phone:** 8085019635
- **Email:** jason.hepton@remaxhawaii.com

## Primary Photo

![1156 Alewa Drive - Primary Photo](http://lh.rdcpix.com/5b67ed2dd780e043006af0371a594122l-f2548373105r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/1156-alewa-drive-honolulu-hi-96817-02604529)*

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**MLS#:** 202604529 | **Updated:** 2026-04-26
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1156-alewa-drive-honolulu-hi-96817-02604529)

---

## Structured Data

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  "@type": "RealEstateListing",
  "name": "1156 Alewa Drive, Honolulu, HI 96817",
  "description": "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.",
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  "datePosted": "2026-04-26",
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