2032 Kapiolani Boulevard, Honolulu, HI 96826
Local realty services provided by:Better Homes and Gardens Real Estate Refined
2032 Kapiolani Boulevard,Honolulu, HI 96826
$1,800,000
- - Beds
- - Baths
- 3,706 sq. ft.
- Multi-family
- Pending
Listed by: neal fineman(808) 753-3399
Office: neal fineman property mgmt
MLS#:202506283
Source:HI_HBR
Price summary
- Price:$1,800,000
- Price per sq. ft.:$485.7
About this home
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more.
Four of the units have been remodeled within the past year, while two have received partial upgrades. The other two units need completed renovations. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low.
The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed.
Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
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Home facts
- Year built:1957
- Listing ID #:202506283
- Added:320 day(s) ago
- Updated:December 17, 2025 at 10:04 AM
Rooms and interior
- Living area:3,706 sq. ft.
Structure and exterior
- Year built:1957
- Building area:3,706 sq. ft.
- Lot area:0.11 Acres
Schools
- High school:Kaimuki
- Middle school:Washington
- Elementary school:Lunalilo
Utilities
- Water:Public
- Sewer:Connected
Finances and disclosures
- Price:$1,800,000
- Price per sq. ft.:$485.7
- Tax amount:$5,099
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