1156 Alewa Drive, Honolulu, HI 96817

Honolulu
Local realty services provided by:Better Homes and Gardens Real Estate Refined
1156 Alewa Drive,Honolulu, HI 96817
$1,695,000
Virtual Tour
  • - Beds
  • 3 Baths
  • 2,395 sq. ft.
  • Multi-family
  • Pending
Listed by: jason hepton
Office: remax hawaii
MLS#:202604529
Source:HI_HBR

Price summary

  • Price:$1,695,000
  • Price per sq. ft.:$707.72

About this home

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...

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Home facts

  • Year built:1939
  • Listing ID #:202604529
  • Added:63 day(s) ago
  • Updated:May 15, 2026 at 07:39 AM

Rooms and interior

  • Total bathrooms:3
  • Living area:2,395 sq. ft.

Structure and exterior

  • Year built:1939
  • Building area:2,395 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Interior Lot, Irregular Lot, Level
  • Construction Materials:Hollow Tile, Single Wall, Wood Frame
  • Foundation Description:Slab

Schools

  • High school:Mckinley
  • Middle school:Kawananakoa
  • Elementary school:Maemae

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$1,695,000
  • Price per sq. ft.:$707.72
  • Tax amount:$4,468

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:5
  • Parking description:Covered, Open, Tandem
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on May 15, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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