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Lot For Sale
1156 Alewa Drive
Honolulu, Hawaii 96817
Island of Oahu Ocean View: YesCommunity: ALEWA HEIGHTS
$1,695,000
0.000 acres
An extremely attractive residential offering to acquire 3 detached dwellings, all located on a single parcel in Honolulu. The property offers stable cash flow combined with low maintenance costs and strong appreciation potential. 2025 renovations make this offering ideal for 1031 exchange or investors seeking stable NOI and low operating costs. 2 rental units provide immediate income of $5,750/mo. incl. GET plus potential income of $3,400/mo. incl. GET from the 3rd home for a total of $9,150/mo. in income. A rare multi-family investment with high rental demand and reduced management intensity compared to larger multi-family properties. Each house offers 2 bedrooms and 1 bathroom, separate electric meter, small private yard, remodeled kitchen with new appliances and flooring. Gently sloped parcel in a desirable neighborhood, located close to schools and restaurants, with views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, with newer exterior storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types: Ocean, City
- Property Taxes: $4,468
- MLS #: 202604529
Contact Information:
Listing Agent: Jason Hepton, BHGRE Advantage Realty, 808-501-9635, 808-738-3600
Listing Site, Listing Status: Active
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7396097
Viewed 20 times.
Updated: Mar 12, 2026

