2032 Kapiolani Boulevard Honolulu, HI 96826
Listing
Overview
Price: $1,800,000
Area: MOILIILI
Status: Active Under Contract
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more.
Four of the units have been remodeled within the past year, while two have received partial upgrades. The other two units need completed renovations. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low.
The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed.
Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager. Listing by: Neal Fineman Property Mgmt (808) 753-3399
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- Land Area (sf): 5,000 sf
- Living (sf): 3,706
- Year Built: 1957
- Property Condition: Average
- Number of Parking Spaces: 3
- View: None
- Listing Office: Neal Fineman Property Mgmt
- Land Tenure: FS - Fee Simple
- Elementary School: Lunalilo
- Middle School: Washington
- High School: Kaimuki
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on November 10, 2025 - 4:29 PM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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