1156 Alewa Drive, Honolulu, HI 96817
- $1,725,000
- Sold Price
- $1,725,000
- List Price
- $1,695,000
- Status
- CLOSED
- Days on Market
- 78
- Closing Date
- May 29, 2026
- MLS#
- 202604529
- Subtype
- Residential
- Year Built
- 1939
- Lot Size
- 8,052
- Subdivision
- Alewa Heights
- Neighborhood
- Alewa Heights
- MLS Area Major
- Metro
- Land Tenure
- FS - Fee Simple
Property Description
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 storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).
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Additional Information
- Taxes
- $4,468
- Appliances
- Dryer, Washer
- Stories
- 1
- Levels
- One
- Foundation
- Slab
- Parking Features
- Covered, Open, Tandem
- Elementary School
- Maemae
- Middle School
- Kawananakoa
- High School
- Mckinley
- View
- City, Mountain(s), Ocean
Mortgage Calculator
Listing courtesy of Listing Agent: Jason Hepton (jason.hepton@remaxhawaii.com) from Listing Office: REMAX Hawaii.
Selling Office: Team Lally.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.
Contact: (808) 738-3600