Property

Honolulu, HI 96826 705 Hoawa Street

705 Hoawa Street Honolulu, HI - Image 1705 Hoawa Street Honolulu, HI - Image 2705 Hoawa Street Honolulu, HI - Image 3
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Presented By: Five Star Realty, Inc.; (808) 382-6871
  • MLS# 202525870
  • 01/08/2026
  • Request Tour
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  • SQFT • 11,040

Home Details

Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd. Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826. This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls. The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization. An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor. Sold As-Is. Please do not disturb tenants.
Presented By: Five Star Realty, Inc.; (808) 382-6871

Interior Features for 705 Hoawa Street

Bathrooms

Total Baths

Other Interior Features

Laundry FeaturesIn Unit

General for 705 Hoawa Street

AttributionContact(808) 382-6871
CityHonolulu
Community FeaturesNone
Construction MaterialsHollow Tile, Concrete, Single Wall, Wood Frame
CountyOahu
DisclosuresNone
IslandOahu
Land TenureFeeSimple
LevelsTwo
MLS AreaMetro
ModificationTimestamp2026-01-09T09:19:10.513-00:00
Net Operating Income
Number Of Units Total20
Operating Expense
PostalCityHonolulu
Property ConditionAverage Condition
Property SubtypeMulti Family
Property TypeResidential
SewerConnected
Standard StatusActive
StatusActive
Stories Count2
Structure TypeApartment
Subdivision NameMOILIILI
Tax Annual Amount14592
Tax Assessed Value4168500
Tenant PaysAir Conditioning, Cable TV, Electricity, Gas
TopographyLevel
Total Actual Rent29865
UtilitiesAbove Ground Utilities, Electricity Available, Natural Gas Available, Water Available, Sewer Connected
ViewNone
Year Built1958
Zoning Description12 - A-2 Medium Density Apartme

Exterior for 705 Hoawa Street

Building Area Total11040
Foundation DetailsSlab
Frontage TypeOther
Lot FeaturesCorner Lot, Irregular Lot, Level
Lot Size Area14607
Parking FeaturesAssigned, Open
Total Parking12
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Vardit Hacmon

Real Estate Agent
Price $4,850,000
MLS#202525870
List Date 01/08/2026
Property Type Multi-Family
Phone 808.232.3453
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