Address
708 E Olokele Avenue, Honolulu, HI
Price
$ 1,995,000
Property Attributes
- MLS#202610118
- TypeMulti-Family
- Listing Status Active Under Contract
- CountyHONOLULU
- CityHonolulu
- AreaMetro
- NeighborhoodKAPAHULU
- Zip96816
- Style
- Year Built1957
- Taxes$ 5303
- Price$ 1,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2592
Data Source:
HiCentral MLS (HICMLS)
Property Description
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.
| Elementary School | High School |
|---|---|
| Ala Wai Elementary School | Kaimuki High School |
| Price History | |
|---|---|
| 5/23/2026 | Listed $1,995,000 |
General Features
| Cooling | Central Air |
|---|---|
| Utilities | Above Ground Utilities,Cable Available,Electricity Available,Natural Gas Available,High Speed Internet Available,Phone Available,Water Available,Sewer Connected |
| Tenant Pays | Cable TV,Electricity,Gas |
| View | None |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Multi Family |
| Community Features | None |
| County | Oahu |
| Property Type | Residential |
| Subdivision Name | KAPAHULU |
| Status | Active Under Contract |
| ModificationTimestamp | 2026-08-03T18:17:24.147-00:00 |
| City | Honolulu |
| MLS Area | Metro |
| Property Condition | Excellent |
| Standard Status | Active Under Contract |
| Tax Assessed Value | 1523400 |
| PostalCity | Honolulu |
| AttributionContact | (808) 792-3910 |
| Year Built | 1957 |
| Year Built Effective | 1975 |
| High School | Kaimuki |
| Disclosures | Seller Disclosure |
| Elementary School | Ala Wai |
| Zoning Description | 12 - A-2 Medium Density Apartme |
| Structure Type | Multi Family |
| Sewer | Connected |
| Construction Materials | Masonry,Stucco |
| Land Tenure | FeeSimple |
| Island | Oahu |
| Number Of Units Total | 6 |
| Tax Annual Amount | 5303.16 |
| Topography | Level,Other |
| Net Operating Income | 59643 |
| Operating Expense | 18957 |
| Total Actual Rent | 6550 |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Laundry Features | Coin-operated |
Exterior Features
| Parking Features | Assigned,Covered,Open |
|---|---|
| Lot Features | Cleared,Dead End,Level |
| Total Parking | 8 |
| Lot Size Area | 5005 |
| Building Area Total | 2592 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 96816
Price
Taxes
Year Built
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 25, 2026 2:16 AM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
REALTORS® Association of Maui, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
