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708 E Olokele Avenue

Honolulu, HI 96816
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 110 Days
  • MLS #: 202610118
Under Contract
UPDATED: 67 min ago
$1,995,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Information

Elementary School:
High School:

Description

Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.

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© 2026 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings 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.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai‘i Life Real Estate Brokers.

Licensed in the State of Hawaii, USA.
www.hawaiiclient.com/homes/176812310
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708 E Olokele Avenue Honolulu, HI 96816

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 110 Days
  • Updated: 67 min ago
  • MLS #: 202610118
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1957
Built
Neighborhood:
Kapahulu
County:
Oahu
Area:
Metro
Elementary School:
Ala Wai
High School:
Kaimuki
Property Description
Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Exterior Features

Construction Materials Masonry Stucco Lot Features Cleared Dead End Level Open Parking YN Yes Parking Features Assigned Covered Open Parking Total 8 Topography Level Other View None View YN No

Interior Features

Building Area Total 2592 Cooling Central Air Cooling YN Yes Laundry Features Coin-operated Levels Two

Property Features

Availability Type Community Features None Disclosures Seller Disclosure Land Tenure Fee Simple Net Operating Income 59643 Operating Expense 18957 Operating Expense Includes Insurance Other Real Estate Tax New Tax Water / Sewer Property Condition Excellent Property Sub Type Multi Family Sewer Connected Special Listing Conditions None Structure Type Multi Family Tax Annual Amount 5303.16 Tenant Pays Cable TV Electricity Gas Utilities Above Ground Utilities Cable Available Electricity Available Natural Gas Available High Speed Internet Available Phone Available Water Available Sewer Connected Water Source Public Zoning Description 12 - A-2 Medium Density Apartme

Listings provided courtesy of Hawaii Modern Realty: (808) 792-3910.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2026-09-11T18:59:14.917. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.


© 2026 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings 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.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai‘i Life Real Estate Brokers.

Licensed in the State of Hawaii, USA.
 
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Hanalei HI, 96714