Property

Honolulu, HI 96817 1156 Alewa Drive

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Presented By: REMAX Hawaii; (808) 738-3600
  • MLS# 202604529
  • 03/12/2026
  • Request Tour
  • Request Info
  • SQFT • 2,395

Home Details

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).
Presented By: REMAX Hawaii; (808) 738-3600

Interior Features for 1156 Alewa Drive

Bathrooms

Total Baths

Other Interior Features

Furnished Y/NUnfurnished

General for 1156 Alewa Drive

AppliancesDryer, Washer
AttributionContact(808) 738-3600
CityHonolulu
Community FeaturesNone, Storage Facilities
Construction MaterialsHollow Tile, Single Wall, Wood Frame
CountyOahu
DisclosuresSeller Disclosure, See Remarks
Elementary SchoolMaemae
High SchoolMckinley
IslandOahu
Land TenureFeeSimple
LevelsOne
MLS AreaMetro
Middle/Junior High SchoolKawananakoa
ModificationTimestamp2026-04-15T01:29:10.310-00:00
Net Operating Income81552
Number Of Units Total3
Operating Expense28248
PostalCityHonolulu
Property ConditionGood Condition
Property SubtypeMulti Family
Property TypeResidential
SewerConnected
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Structure TypeMulti Family
Subdivision NameALEWA HEIGHTS
Tax Annual Amount4468.08
Tax Assessed Value1315300
Tenant PaysCable TV, Electricity, Other
TopographyLevel, Sloping
Total Actual Rent5750
UtilitiesAbove Ground Utilities, Electricity Available, Natural Gas Available, Water Available, Sewer Connected
ViewCity, Mountain(s), Ocean
Virtual TourClick here
Year Built1939
Year Built Effective2025
Zoning Description05 - R-5 Residential District

Exterior for 1156 Alewa Drive

Building Area Total2395
Foundation DetailsSlab
Lot FeaturesInterior Lot, Irregular Lot, Level
Lot Size Area8052
Parking FeaturesCovered, Open, Tandem
Total Parking5
Water SourcePublic

Additional Details

Price History

Schools

Middle School Kawananakoa Middle School
High School Mckinley High School
Elementary School Maemae Elementary School

Vardit Hacmon

Real Estate Agent
Price $1,695,000
MLS#202604529
List Date 03/12/2026
Property Type Multi-Family
Phone 808.232.3453
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