Address
825 Olokele Avenue, Honolulu, HI
Price
$ 1,995,000
Property Attributes
- MLS#202616331
- TypeMulti-Family
- Listing Status Active
- CountyHONOLULU
- CityHonolulu
- AreaMetro
- NeighborhoodKAPAHULU
- Zip96816
- Style
- Year Built1940
- Taxes$ 6063
- Price$ 1,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2080
Data Source:
HiCentral MLS (HICMLS)
Property Description
You will love this well maintained duplex and fourplex. Recently painted & the owner has paid attention to the details. All 1 bedroom with 1 bathroom units each with an assigned/covered parking stall. The duplex was built in 1940, with the fourplex being completed in 1958. Tenants pay their own electricity due to separate metering. Each unit has its own hot water heater too. The rents are strong with the possibility of more income when units turnover. Kapahulu location means the units are central to Waikiki, Ala Moana, Kakaako, Kahala, The University of Hawaii, Chaminade University & Kapiolani Community College. Very close to shopping, dining & entertainment. Bike to the beach. Your tenant mix is good with them making their own community at the property. This is the perfect property to complete your 1031 Exchange. Buyer to cooperate with Seller’s IRC Section 1031 Tax Deferred Exchange. Offers will be presented after they are received. Drive by only. Please do not disturb tenants. Make all offers subject to inspection. Income & Expenses are projected. Buyer to do their own research to confirm actual Income & Expenses.
| Elementary School | Middle School | High School |
|---|---|---|
| Ala Wai Elementary School | Washington Middle School | Kaimuki High School |
| Price History | |
|---|---|
| 8/27/2026 | Listed $1,995,000 |
General Features
| Utilities | Above Ground Utilities,Cable Available,Electricity Available,Sewer Available,Water Available,Sewer Connected |
|---|---|
| Architectural Style | Fourplex |
| Tenant Pays | Cable TV,Electricity |
| View | Garden |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Multi Family |
| Community Features | None |
| County | Oahu |
| Property Type | Residential |
| Subdivision Name | KAPAHULU |
| Status | Active |
| ModificationTimestamp | 2026-09-16T03:13:00.667-00:00 |
| City | Honolulu |
| MLS Area | Metro |
| Property Condition | Average Condition,Good Condition |
| Standard Status | Active |
| Tax Assessed Value | 1738200 |
| PostalCity | Honolulu |
| AttributionContact | (808) 838-9595 |
| Year Built | 1940 |
| Year Built Effective | 1958 |
| High School | Kaimuki |
| Disclosures | 1031 Exchange |
| Elementary School | Ala Wai |
| Zoning Description | 12 - A-2 Medium Density Apartme |
| Middle/Junior High School | Washington |
| Structure Type | Duplex |
| Sewer | Connected |
| Construction Materials | Hollow Tile,Single Wall |
| Land Tenure | FeeSimple |
| Island | Oahu |
| Number Of Units Total | 6 |
| Tax Annual Amount | 6063.96 |
| Topography | Level |
| Net Operating Income | 71256 |
| Operating Expense | 41424 |
| Total Actual Rent | 9215 |
Interior Features
| Laundry Features | Coin-operated |
|---|
Exterior Features
| Parking Features | Covered |
|---|---|
| Lot Features | Interior Lot,Other,Level |
| Total Parking | 6 |
| Lot Size Area | 6000 |
| Building Area Total | 2080 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 96816
Price
Taxes
Year Built
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 25, 2026 5:23 AM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
REALTORS® Association of Maui, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
