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750 Makaleka Avenue

Urban Honolulu HI 96816

8
4
10
2425 sq. ft.
7036 sq. ft.
Single-Family
Currently for sale - view listing

Overview

NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning. This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units. Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking. For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Bill 7 potential Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.

Features

8 bedrooms
4 bathrooms
10 carspaces
2425 sq. ft. floor area
7036 sq. ft. lot size
Single-Family

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Local market activity for 8 bedroom single-family properties in Urban Honolulu

In the last 12 months, 2 eight-bedroom single-family properties similar to 750 Makaleka Avenue, have been sold.

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