SoldJul 1, 2025

Listed by Michael Okamoto from Standard Management LLC

Source: HiCentral MLS (Honolulu Board of REALTORS®) #202421951

1420 Ward Avenue, Urban Honolulu, HI, 96822

$2,050,000

5
4386 sq. ft.
5515 sq. ft.

MultiFam

30+ days on the market

Sold: Jul 1, 2025

What's around 1420 Ward Avenue

About this property

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.

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