Thanksgiving - The office will be closed on Thursday 11/27/25 and Friday 11/28/25
Christmas - The office will be closed on Thursday 12/25/25 and Friday 12/26/25
New Years - The office will be closed on Thursday 1/1/26 and Friday 1/2/26
Price: $5,600,000 Area: KALAMA/CNUT GROV Status: Active
5.22% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies.
The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer.
The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates. Listing by: Standard Management LLC (808) 208-8107
array(45) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202510044"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(2) "54"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(7) "Maluniu"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(6) "Avenue"
}
["UnitNumber"]=>
array(1) {
[0]=>
string(0) ""
}
["City"]=>
array(1) {
[0]=>
string(6) "Kailua"
}
["StateOrProvince"]=>
array(1) {
[0]=>
string(2) "HI"
}
["PostalCode"]=>
array(1) {
[0]=>
string(5) "96734"
}
["VirtualTourURLUnbranded"]=>
array(1) {
[0]=>
string(41) "https://player.vimeo.com/video/1070257566"
}
["ListPrice"]=>
array(1) {
[0]=>
string(10) "5600000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(16) "KALAMA/CNUT GROV"
}
["Status"]=>
array(1) {
[0]=>
string(6) "Active"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(1144) "5.22% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies.
The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer.
The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates."
}
["ListOfficeName"]=>
array(1) {
[0]=>
string(23) "Standard Management LLC"
}
["BedsTotal"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsFull"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsHalf"]=>
array(1) {
[0]=>
string(0) ""
}
["LotSizeArea"]=>
array(1) {
[0]=>
string(7) "5610.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(4) "6507"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1965"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(9) "Excellent"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(1) "7"
}
["StoriesType"]=>
array(1) {
[0]=>
string(5) "Three"
}
["View"]=>
array(1) {
[0]=>
string(13) "None,Mountain"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(6) "Kailua"
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(6) "Kailua"
}
["HighSchool"]=>
array(1) {
[0]=>
string(6) "Kailua"
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "SMGT"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(27) "mike@standardcommercial.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(14) "(808) 208-8107"
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(17) "Michael M Okamoto"
}
["CloseDate"]=>
array(1) {
[0]=>
string(0) ""
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "18690484"
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2025-08-20T08:41:24.213"
}
["ListingContractDate"]=>
array(1) {
[0]=>
string(10) "2025-04-15"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(6) "Kailua"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(5) "Other"
}
["ExemptListingEntryTimestamp"]=>
array(1) {
[0]=>
string(0) ""
}
["MatrixModifiedTime"]=>
array(1) {
[0]=>
string(12) "08:41:24.213"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "26965967"
}
["listing_image"]=>
array(23) {
[0]=>
string(8) "26965967"
[1]=>
string(8) "26965968"
[2]=>
string(8) "26965969"
[3]=>
string(8) "26965970"
[4]=>
string(8) "26965971"
[5]=>
string(8) "26965972"
[6]=>
string(8) "26965973"
[7]=>
string(8) "26965974"
[8]=>
string(8) "26965975"
[9]=>
string(8) "26965976"
[10]=>
string(8) "26965977"
[11]=>
string(8) "26965978"
[12]=>
string(8) "26965979"
[13]=>
string(8) "26965980"
[14]=>
string(8) "26965981"
[15]=>
string(8) "26965982"
[16]=>
string(8) "26965983"
[17]=>
string(8) "26965984"
[18]=>
string(8) "26965985"
[19]=>
string(8) "26965986"
[20]=>
string(8) "26965987"
[21]=>
string(8) "26965988"
[22]=>
string(8) "26965989"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202510044
)
[StreetNumber] => Array
(
[0] => 54
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Maluniu
)
[StreetSuffix] => Array
(
[0] => Avenue
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Kailua
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96734
)
[VirtualTourURLUnbranded] => Array
(
[0] => https://player.vimeo.com/video/1070257566
)
[ListPrice] => Array
(
[0] => 5600000.00
)
[Neighbourhood] => Array
(
[0] => KALAMA/CNUT GROV
)
[Status] => Array
(
[0] => Active
)
[PublicRemarks] => Array
(
[0] => 5.22% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies.
The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer.
The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
)
[ListOfficeName] => Array
(
[0] => Standard Management LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 5610.00
)
[SqftTotal] => Array
(
[0] => 6507
)
[YearBuilt] => Array
(
[0] => 1965
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Excellent
)
[ParkingTotal] => Array
(
[0] => 7
)
[StoriesType] => Array
(
[0] => Three
)
[View] => Array
(
[0] => None,Mountain
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] => Kailua
)
[MiddleOrJuniorSchool] => Array
(
[0] => Kailua
)
[HighSchool] => Array
(
[0] => Kailua
)
[ListOfficeMLSID] => Array
(
[0] => SMGT
)
[ListAgentEmail] => Array
(
[0] => mike@standardcommercial.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] => (808) 208-8107
)
[ListAgentFullName] => Array
(
[0] => Michael M Okamoto
)
[CloseDate] => Array
(
[0] =>
)
[Matrix_Unique_ID] => Array
(
[0] => 18690484
)
[MatrixModifiedDT] => Array
(
[0] => 2025-08-20T08:41:24.213
)
[ListingContractDate] => Array
(
[0] => 2025-04-15
)
[MLSAreaMajor] => Array
(
[0] => Kailua
)
[PropertyFrontage] => Array
(
[0] => Other
)
[ExemptListingEntryTimestamp] => Array
(
[0] =>
)
[MatrixModifiedTime] => Array
(
[0] => 08:41:24.213
)
[_thumbnail_id] => Array
(
[0] => 26965967
)
[listing_image] => Array
(
[0] => 26965967
[1] => 26965968
[2] => 26965969
[3] => 26965970
[4] => 26965971
[5] => 26965972
[6] => 26965973
[7] => 26965974
[8] => 26965975
[9] => 26965976
[10] => 26965977
[11] => 26965978
[12] => 26965979
[13] => 26965980
[14] => 26965981
[15] => 26965982
[16] => 26965983
[17] => 26965984
[18] => 26965985
[19] => 26965986
[20] => 26965987
[21] => 26965988
[22] => 26965989
)
)
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on August 20, 2025 - 8:41 AM
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®.
If you are interested in those active listings, our company may represent you as the buyer's agent.
If the active listing you are interested in is our company's active listing, you may speak to one of our agents
regarding your options for representation.
