75-5749 Alahou St #25, Kailua Kona, HI 96740

Kailua Kona
Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
75-5749 Alahou St #25,Kailua Kona, HI 96740
$8,875,000
  • 20 Beds
  • 25 Baths
  • 6,297 sq. ft.
  • Multi-family
  • Active
Listed by: richard wheelock
Office: pacific realty organization llc.
MLS#:730091
Source:HI_HIS

Price summary

  • Price:$8,875,000
  • Price per sq. ft.:$1,409.4

About this home

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and...

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Home facts

  • Year built:2012
  • Subdivision & Development:LONO - KONA SUBDIVISION
  • Listing ID #:730091
  • Added:141 day(s) ago
  • Updated:September 29, 2026 at 12:24 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:25
  • Full bathrooms:25
  • Flooring:Laminate
  • Kitchen Description:Microwave, Range, Refrigerator
  • Living area:6,297 sq. ft.

Structure and exterior

  • Year built:2012
  • Building area:6,297 sq. ft.
  • Lot area:0.59 Acres
  • Lot Features:Corner Lot

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$8,875,000
  • Price per sq. ft.:$1,409.4
  • Tax amount:$45,961 (2025)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator, Washer/Dryer Stacked
  • Laundry features:Washer/Dryer Stacked

Parking

  • Parking description:Assigned
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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