1420 Ward Avenue

Urban Honolulu HI 96822

4386 sq. ft.

5515 sq. ft.

Multi-Family

Last sold for $2,050,000

Michael Okamoto, last sold this property on 01 July 2025 after -234 days on market.

Overview

PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.

Features

5 carspaces

4386 sq. ft. floor area

5515 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Urban Honolulu over the last 12 months, the estimated median property value of 1420 Ward Avenue is $2.05m.

Median value

$2.05m

Estimated value range

$1.29m - $3.43m

Median days on market

Estimated value trend

-11%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Urban Honolulu. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1420 Ward Avenue

2025

Sold

$2,050,000

01 Jul 2025 by Michael Okamoto, of Standard Management LLC

Happy sellers in Urban Honolulu

We have insufficient information to provide an overview of customer satisfaction for Urban Honolulu. Viewing the agent profiles, reviews and sales for Urban Honolulu can provide insights for this location.