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705 Hoawa St, HONOLULU, HI 96826
Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd.
Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826.
This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls.
The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization.
An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor.
Sold As-Is. Please do not disturb tenants.
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Multi-family details
1958 year built
- Year Built 1958
- Days on market 4
- Price per sqft $439/sqft
-
Address
705 Hoawa St, HONOLULU, HI, 96826
- Frontage Other
- Neighborhood Moiliili
- Land tenure FS - Fee Simple
- Land SqFt 14,607 sqft
- View None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$24,729
Taxes
$1,216
HOA dues
$0
Mortgage
Down payment
$970,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$24,729 / month
Neighborhood: Moiliili
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
14 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
20 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
20
Amenities & Features
12 parking places
Stories
Two
Construction
Above Ground, Concrete, Hollow Tile, Single Wall, Slab, Wood Frame
Utilities
Gas, Overhead Electricity, Public Water
Property Condition
Average
Parking
Assigned, Open
nr.of parking places
12
Amenities
None
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Moiliili prices
Average price $921.71k
Neighborhood average sales price*
$921.71k
Neighborhood median sales price*
$921.25k
Number or sales*
58
Street median sales price*
$657.25k
*last 6 months
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.249mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.402mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.402mi |
| School rating | Distance | |
|---|---|---|
|
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.249mi | |
|
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.387mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.402mi | |
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.563mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.632mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.402mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.503mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.632mi | |
|
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.708mi | |
|
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.79mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.402mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.503mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
0.678mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.783mi | |
|
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.79mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 25, 2015
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 25, 2015 | Sold | $3,900,000 -1.27% from last sold price | $353.26 | Public Record |
| Nov 26, 2014 | Active Under Contract | $3,950,000 | $357.79 | MLS #201416362 |
| Nov 21, 2014 | Price Decrease | $3,950,000 -19.39% | $357.79 | MLS #201416362 |
| Aug 9, 2014 | New Listing | $4,900,000 +172.22% | $443.84 | MLS #201416362 |
| Sep 8, 2000 | Expired | $1,800,000 | $163.04 | MLS #9906535 |
| Sep 21, 1999 | New Listing | $1,800,000 | $163.04 | MLS #9906535 |
Tax & MLS details 705 Hoawa St, HONOLULU, HI, 96826
MLS #202525870
Current Property Taxes p/month
$1,216
Assessed Improvement value
$449,600
TMK
1-2-7-005-036-0000
Flood Zone
Zone AO
Topography
Level
Lot Description
Irregular
Total Assessed value
$4,168,500
Listed by
Five Star Realty, Inc.
(808) 382-6871
(808) 382-6871
MLS #
202525870
Hawaii House tour report for this multi-family home
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Open floorplan
Needs Work
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Frequently asked questions for 705 Hoawa St
When was this multi-family home built and last sold?
This house was build in 1958.
What is the full address of this multi-family home?
705 Hoawa St, HONOLULU, HI, 96826.
Are there beaches near 705 Hoawa St?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2026 by HiCentral Mls, Ltd. Listing courtesy of Five Star Realty, Inc.. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on January 08, 2026.
Hawaii House Last checked less than a minute ago.
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