| MLS: 202525870 (Active - For Sale) Asking Price: $4,850,000 FS - Fee Simple Type: Multi-Family District: Metro Address: 705 Hoawa Street, Honolulu, HI Neighborhood: Moiliili Land Area: 14,607 SF Parking: Assigned,Open Days on Market: 59 Year Built: 1958 Zoning: 12 - A-2 Medium Density Apartme Land Recorded: Dual Systems Property Taxes: $1,216 Assessed Value: $4,168,500 Assessed Ratio: 116.35% Listing Courtesy: Five Star Realty, Inc. | Google Map County Records Add to Watch List Print Version Request Info All Multi-Family Homes For Sale in Moiliili |
Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd. Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826. This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls. The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization. An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor. Sold As-Is. Please do not disturb tenants.
| MLS | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 201416362 | 08/08/2014 | 01/22/2015 | $3,950,000 | $3,900,000 |
9 Sold Properties Found (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 0 Bed 0 Bath | 06/14/2025 | 12/29/2025 | $1,200,000 | $1,250,000 |
| 0 Bed 0 Bath | 07/23/2024 | 06/05/2025 | $1,649,000 | $1,500,000 |
| 0 Bed 0 Bath | 03/05/2025 | 02/19/2026 | $1,800,000 | $1,600,000 |
| 0 Bed 0 Bath | 04/16/2025 | 06/30/2025 | $1,950,000 | $2,150,000 |
| 0 Bed 0 Bath | 04/03/2025 | 06/30/2025 | $2,675,000 | $2,550,000 |
| 0 Bed 0 Bath | 08/05/2025 | 09/26/2025 | $2,995,000 | $3,100,000 |
| 0 Bed 0 Bath | 01/13/2025 | 03/14/2025 | $3,050,000 | $3,075,000 |
| 0 Bed 0 Bath | 08/27/2025 | 12/11/2025 | $4,650,000 | $4,150,000 |
| 0 Bed 0 Bath | 11/18/2024 | 05/30/2025 | $8,950,000 | $7,700,000 |
| Average Price: | $3,008,333 | |||
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