54 Maluniu Avenue, Kailua, HI 96734

Local realty services provided by:Better Homes and Gardens Real Estate Refined
54 Maluniu Avenue,Kailua, HI 96734
$5,588,000
  • - Beds
  • - Baths
  • 6,507 sq. ft.
  • Multi-family
  • Active
Listed by: michael m okamoto(808) 208-8107
Office: standard management llc.
MLS#:202510044
Source:HI_HBR

Price summary

  • Price:$5,588,000
  • Price per sq. ft.:$858.77

About this home

PRICE REDUCTION! 5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for

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Home facts

  • Year built:1965
  • Listing ID #:202510044
  • Added:283 day(s) ago
  • Updated:January 22, 2026 at 02:05 AM

Rooms and interior

  • Living area:6,507 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1965
  • Building area:6,507 sq. ft.
  • Lot area:0.13 Acres

Schools

  • High school:Kailua
  • Middle school:Kailua
  • Elementary school:Kailua

Utilities

  • Sewer:Connected

Finances and disclosures

  • Price:$5,588,000
  • Price per sq. ft.:$858.77
  • Tax amount:$27,840
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on January 22, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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