1223 Wilder Ave - Apartments FOR SALE


Honolulu, HI 96822- Makiki-Lower Punchbowl-Tantalu
$2,700,000 USD
808-225-8776
1223 Wilder Ave, Honolulu, HI for Sale
$2,700,000 USD
Apartments - FOR SALE
1/5
null | 4.8% Cap Rate


HIGHLIGHTS

  • Recently renovated in 2025, including flooring, fixtures, and modern appliances throughout all units.
  • Six-unit configuration offering a mix of apartments and a detached single-family home, each separately metered for electricity.
  • Situated in the Makiki neighborhood, near Ala Moana, University of Hawaii, and major schools.

OVERVIEW

This fully renovated multifamily property in the heart of Honolulu offers an exceptional investment opportunity in the highly desirable Makiki neighborhood. The asset comprises six income-producing units: a 5-unit apartment building and a 4-bedroom, 2-bath single-family home. Each unit is individually metered for electricity and features modern upgrades including new flooring, fresh paint, updated windows, ceiling fans, and contemporary appliances. The property underwent a comprehensive renovation in 2025, delivering a turnkey solution to investors seeking immediate operational efficiency. Positioned within short distance of Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana, the location ensures high tenant demand and strong rental performance. Easy access to major Honolulu roadways enhances connectivity across the city. With a scheduled gross income of $167,400 and a 4.8% cap rate at acquisition, this asset delivers both stability and upside in a tight rental market. The configuration also provides “house hacking” potential for an owner-occupant to offset housing costs with rental income.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

6

PRICE/UNIT

$450,000

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,723 SF

ZONING

A-2

APN/PARCEL ID

1-2-4-029-056-0000

ASK ABOUT THIS PROPERTY

Kynan PangExcel Commercial RealtyMore Info
808-225-8776

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Kynan PangExcel Commercial RealtyMore Info
808-225-8776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.