Listing Image
MLS: 202609955 (Active - For Sale)
 
Asking Price: $2,042,250 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 1128 Alohi Way, Honolulu, HI
Neighborhood: Kakaako
Land Area: 6,000 SF
Parking: Open,Unassigned
Amenities: A/C
Days on Market: 26
Year Built: 1950
Zoning: Kak – Kakaako Community Developme
Land Recorded: Regular System
Property Taxes: $554
Assessed Value: $1,899,700
Assessed Ratio: 107.5%
Listing Courtesy: Coldwell Banker Island Prop


Rare Kakaako multi-dwelling investment opportunity in the Kakaako Community Development District. Situated on approximately 6,000 sq. ft. of level land, this income-producing property features 3 separate living areas with approximately 9 bedrooms and 6 bathrooms total, offering multiple income streams and exceptional flexibility for investors, owner-occupants, or those seeking a live-in investment strategy. This 3-unit property includes an upstairs 3-bedroom, 2-bath residence (~1,241 sq. ft.), a downstairs 3-bedroom, 2-bath residence (~1,201 sq. ft.), and an attached 3-bedroom, 2-bath ADU built in 1997 (~1,128 sq. ft.); a 6-car tandem carport, plus additional driveway and street parking. Located near Kakaako, Ward Village, Ala Moana Center, Kaiser Permanente, beaches, dining, shopping, medical facilities, schools, and freeway access, this property benefits from strong rental demand in one of Honolulu's most sought-after urban neighborhoods. Potential opportunity to combine with the neighboring duplex on an additional 6,000 sq. ft. lot, creating approximately 12,000 sq. ft. of contiguous land with future redevelopment potential (Buyer to verify all development possibilities).


 
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