1156 Alewa Drive Honolulu, HI 96817
Listing
Overview
Price: $1,695,000
Area: ALEWA HEIGHTS
Status: Sold (Limited photos per MLS privacy policy)
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). Listing by: REMAX Hawaii (808) 501-9635
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- Land Area (sf): 8,052 sf
- Living (sf): 2,395
- Year Built: 1939
- Property Condition: Above Average
- Number of Parking Spaces: 5
- View: City,Diamond Head,Ocean
- Listing Office: REMAX Hawaii
- Land Tenure: FS - Fee Simple
- Elementary School: Maemae
- Middle School: Kawananakoa
- High School: Mckinley
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on May 29, 2026 - 10:56 AM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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