Listing Image
MLS: 202601252 (Active - For Sale)
 
Asking Price: $1,495,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 1722 Democrat Street, Honolulu, HI
Neighborhood: Kapalama
Land Area: 5,000 SF
Parking: Open
Days on Market: 80
Year Built: 1960
Zoning: 42 - I-2 General Industrial Dis
Land Recorded: Regular System
Property Taxes: $405
Assessed Value: $1,517,000
Assessed Ratio: 98.55%
Listing Courtesy: OahuRE.com


Well-located two-story, 4-unit apartment building in the heart of Kalihi, offering stable income today with multiple layers of future upside. The apartments have been recently lightly renovated. Although currently operated as a 4-unit residential apartment building generating immediate rental income, the property is zoned for I-2 Intensive Industrial District, allowing for potential conversion, redevelopment, or alternative use, subject to buyer’s due diligence and approvals. The property is located just a few blocks from Amazon’s Honolulu distribution center, a major employment hub that supports long-term rental demand and neighborhood appreciation. Conveniently located with easy access to major streets and highways, and close to bus lines, schools, shopping, and dining, making it attractive to both tenants and future redevelopment-minded buyers.


 
Information is deemed reliable but not guaranteed.
Copyright: 2015 by the HiCentral MLS, Ltd.
 
IDX information is provided exclusively 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 in purchasing.
 
The active listings on this site are listed by other REALTORS®. If you are
interested in those listings, we may represent you as the buyer's agent.
Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
conduct business in the State of Hawaii.