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.