| MLS: 202604525 (Active - For Sale) Asking Price: $1,695,000 FS - Fee Simple Type: Residential District: Metro Address: 1156 Alewa Drive, Honolulu, HI Neighborhood: Alewa Heights Beds: 6 Baths: 3 Living Area: 2,395 SF Style: Multiple Dwellings Land Area: 8,052 SF View: City,Diamond Head,Ocean Parking: 3 Car+,Carport,Driveway,Street Garage/Carport Area: 432 SF Amenities: Storage Days on Market: 3 Year Built: 1939 Easements: Other Zoning: 05 - R-5 Residential District Land Recorded: Regular System Property Taxes: $372 Assessed Value: $1,315,300 Assessed Ratio: 128.87% Listing Courtesy: REMAX Hawaii | Google Map County Records Add to Watch List Print Version Request Info All Homes For Sale in Alewa Heights |
An extremely rare offering to acquire 3 fully detached residential dwellings, located on a single parcel in Honolulu. 2025 renovations increased rental income, lowered risk and maintenance costs. Ideal for an owner occupier to live in the main house and receive significant rental income from 2 improved rental units. Also ideal for 1031 exchange or investors seeking stable NOI coupled with long-term appreciation. Immediate rental income of $5,750/mo. incl. GET can offset mortgage payment, plus potential income of $3,400/mo. incl. GET from the 3rd home can generate a total of $9,150/mo. in rental income. Quiet setting with cool breezes, each house offers 2 bedrooms and 1 bathroom, separate electric meter, washer/dryer, private yard, remodeled kitchen, new appliances and flooring. Located on Alewa Drive, in a desirable neighborhood, just past Assets School. Amazing views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, convenient and secure exterior storage, and a large covered carport. Please do not disturb tenants or park in the driveway. A few photos have been virtually staged(enhanced).
| MLS | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 202505778 | 02/28/2025 | 05/05/2025 | $1,498,000 | $1,428,500 |
7 Comparable Homes Sold in Alewa Heights (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 6 Bed 3 Bath (w/ Ohana) | 02/25/2025 | 04/14/2025 | $1,050,000 | $1,100,000 |
| 6 Bed 3 Bath (w/ Ohana) | 09/20/2024 | 05/27/2025 | $1,150,000 | $1,100,000 |
| 6 Bed 3 Bath (w/ Ohana) | 04/14/2025 | 07/22/2025 | $1,249,000 | $1,255,000 |
| 6 Bed 3 Bath (w/ Ohana) | 09/19/2024 | 03/28/2025 | $1,399,000 | $1,320,000 |
| 6 Bed 3 Bath (w/ Ohana) | 01/15/2025 | 03/21/2025 | $1,450,000 | $1,425,000 |
| 6 Bed 3 Bath (w/ Ohana) | 02/28/2025 | 05/05/2025 | $1,498,000 | $1,428,500 |
| 6 Bed 3 Bath (w/ Ohana) | 12/12/2024 | 08/20/2025 | $1,770,000 | $1,712,500 |
| Average Price: | $1,334,429 | |||
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