| MLS: 202504967 (Active - For Sale) Asking Price: $1,750,000 FS - Fee Simple Type: Residential District: Metro Address: 750 Makaleka Avenue, Honolulu, HI Neighborhood: Kapahulu Beds: 8 Baths: 4 Living Area: 2,425 SF Style: Detach Single Family,Multiple Dwellings Land Area: 7,036 SF Parking: 3 Car+,Driveway,Street Days on Market: 301 (The Price of the property was lowered by $249,000 on 09/16/2025) Year Built: 1973 Easements: Electric Zoning: 12 - A-2 Medium Density Apartme Land Recorded: Regular System Property Taxes: $571 Assessed Value: $1,956,400 Assessed Ratio: 89.45% Listing Courtesy: Compass | Google Map County Records Add to Watch List Print Version Request Info All Homes For Sale in Kapahulu |
NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning. This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units. Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000 /month after updates, plus additional income from parking. For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
12 Comparable Homes Sold in Kapahulu (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 8 Bed 4 Bath (w/ Ohana) | 05/07/2025 | 06/19/2025 | $999,999 | $1,085,000 |
| 8 Bed 4 Bath (w/ Ohana) | 03/26/2025 | 06/04/2025 | $1,200,000 | $1,200,000 |
| 8 Bed 4 Bath (w/ Ohana) | 11/23/2024 | 12/20/2024 | $1,339,000 | $1,500,000 |
| 8 Bed 4 Bath (w/ Ohana) | 08/20/2025 | 11/05/2025 | $1,480,000 | $1,440,000 |
| 8 Bed 4 Bath (w/ Ohana) | 04/21/2025 | 12/05/2025 | $1,499,000 | $1,300,000 |
| 8 Bed 4 Bath (w/ Ohana) | 08/01/2025 | 09/22/2025 | $1,550,000 | $1,580,000 |
| 8 Bed 4 Bath (w/ Ohana) | 04/22/2025 | 11/26/2025 | $1,550,000 | $1,485,000 |
| 8 Bed 4 Bath (w/ Ohana) | 05/02/2024 | 02/13/2025 | $1,599,000 | $1,497,910 |
| 8 Bed 4 Bath (w/ Ohana) | 04/08/2025 | 06/06/2025 | $1,599,000 | $1,665,000 |
| 8 Bed 4 Bath (w/ Ohana) | 04/03/2025 | 05/31/2025 | $1,700,000 | $1,700,000 |
| 8 Bed 4 Bath (w/ Ohana) | 05/13/2025 | 09/09/2025 | $1,800,000 | $1,730,000 |
| 8 Bed 4 Bath (w/ Ohana) | 10/14/2024 | 07/02/2025 | $2,300,000 | $2,100,000 |
| Average Price: | $1,523,576 | |||
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