708 E Olokele Avenue, Honolulu, HI 96816
- $1,995,000
- List Price
- $1,995,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202610118
- Days on Market
- 66
- Land Area
- 5,005
- Year Built
- 1957
- Property Type
- Residential
- Neighborhood
- Kapahulu
- Land Tenure
- FS - Fee Simple
Property Description
Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
- View
- None
- Elementary School
- Ala Wai
- High School
- Kaimuki
- Lot Size
- 5,005
- Construction Materials
- Masonry, Stucco
- Neighborhood
- Kapahulu
- Year Built
- 1957
- Sewer
- Connected
- Annual Property Tax
- $5,303
- Parking Features
- Assigned, Covered, Open
- Lot Features
- Cleared, Dead End, Level
- Stories
- 2
- Assessed Total
- 1523400
- Water
- Public
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Listing courtesy of Hawaii Modern Realty.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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