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SOLD
MLS: 202501319
 
Asking Price: $1,700,000 FS - Fee Simple
Sold Price: $1,600,000
Sold Date: 05/22/2025
Type: Multi-Family
District: Metro
Address: 1637 Kewalo Street, Honolulu, HI
Neighborhood: Makiki Area
Land Area: 5,484 SF
Parking: Assigned
Days on Market: 455
Year Built: 1937
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $428
Assessed Value: $1,466,100,.00
Assessed Ratio: 115.95%
Listing Courtesy: Standard Management LLC
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1637 Kewalo is a well-priced 7-unit multifamily property with an attractive unit mix and the perfect arrangement for a “house hack”. Live in one and rent out the rest! The property is excellently located in the heart of the popular Makiki neighborhood and features 5 on-site parking stalls in addition to abundant street parking. Units are in classic condition, rents are under-market, and most tenants are month-to-month, providing an ideal set up for an investor to complete a value-add campaign and increase returns. The front building is architecturally interesting due to its 1937 vintage, and it boasts sizeable units. The back building is all concrete and was built in 1954. Whether you’re an investor seeking value-add potential or a buyer looking to live in one unit and generate income from the rest, 1637 Kewalo offers endless possibilities. Schedule your showing today! Please do not go on the property without the listing agent. Seller would like to rent back the 2 bedroom unit for ~6 months


 
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