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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: 18
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
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All Multi-Family Homes For Sale in Kapalama


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.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20231647207/17/202311/09/2023$1,400,000$1,050,000

2 Sold Properties Found (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 0 Bath04/17/202509/12/2025$1,100,000$925,000
0 Bed 0 Bath09/22/202404/24/2025$1,980,000$1,938,000
Average Price:  $1,431,500

 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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