Property

Honolulu, HI 96816 708 E Olokele Avenue

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Presented By: Hawaii Modern Realty; (808) 792-3910
  • MLS# 202610118
  • 05/22/2026
  • Request Tour
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  • SQFT • 2,592

Home Details

Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Presented By: Hawaii Modern Realty; (808) 792-3910

Interior Features for 708 E Olokele Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Laundry FeaturesCoin-operated

General for 708 E Olokele Avenue

AttributionContact(808) 792-3910
CityHonolulu
Community FeaturesNone
Construction MaterialsMasonry, Stucco
CoolingCentral Air
CountyOahu
DisclosuresSeller Disclosure
Elementary SchoolAla Wai
High SchoolKaimuki
IslandOahu
Land TenureFeeSimple
LevelsTwo
MLS AreaMetro
ModificationTimestamp2026-05-26T01:32:01.250-00:00
Net Operating Income59643
Number Of Units Total6
Operating Expense18957
PostalCityHonolulu
Property ConditionExcellent
Property SubtypeMulti Family
Property TypeResidential
SewerConnected
Standard StatusActive
StatusActive
Stories Count2
Structure TypeMulti Family
Subdivision NameKAPAHULU
Tax Annual Amount5303.16
Tax Assessed Value1523400
Tenant PaysCable TV, Electricity, Gas
TopographyLevel, Other
Total Actual Rent6550
UtilitiesAbove Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
ViewNone
Year Built1957
Year Built Effective1975
Zoning Description12 - A-2 Medium Density Apartme

Exterior for 708 E Olokele Avenue

Building Area Total2592
Lot FeaturesCleared, Dead End, Level
Lot Size Area5005
Parking FeaturesAssigned, Covered, Open
Total Parking8
Water SourcePublic

Additional Details

Price History

Schools

Elementary School Ala Wai Elementary School
High School Kaimuki High School

Vardit Hacmon

Real Estate Agent
Price $1,995,000
MLS#202610118
List Date 05/22/2026
Property Type Multi-Family
Phone 808.232.3453
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