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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
Body Surfing
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Makiki Area Multi-Family Homes for sale

8 multi-family home for sale

Virtual Tour
Multi-Family Home
$5,000,000
Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.
Active Under Contract
Multi-Family Home
$1,450,000
A great investment opportunity in a prime town location! A 2-story, CMU apartment building with (4) units: (1) 3-bedroom, (2) 2-bedroom and (1) 1-bedroom, all occupied with long-time tenants. Tenants are paying below market rents and the proforma monthly & annual rents would be around $5,600 and $67,200 respectively. Five (5) parking stalls: three (3) covered and two (2) open. Four (4) separate meters. Tenant pays electricity. Very conveniently located near bus routes, shopping, bank, restaurants, hospital and more!
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Virtual Tour
$1,975,000
CIRCLE this SIX (6)-UNITS - 2-story, 2 BLDG (FRONT & BACK) apartment complex @ 1565 & 1565-A Thurston Ave. w/8 parking stalls. FIVE: 1 bdrm type w/520 (4 apts) & 580 sf ( 1 apt). ONE unit:- 3 bdrm/1 bath (1,016 sf w/340 sf open, BIG with roof top lanai). FRONT Bldg: 1 bdrm in 'excellent condition. All other units in 'above average, average condition'. Note: 2nd floor 3 bdrm is ideal for a family; BACK Bldg is 4-plex: FOUR-1 bdrm + laundry area w/clotheslines. Land area is 6,796 sf. FLOOD ZONE X. Construction: Hollow tile + wood frame w/vinyl sidings. See Good-to-Know Information in SUPPLEMENT file & RENTAL Income schedule. ******Note: Unit A-4, a One bdrm unit is vacant in the BACK bldg. Note: 8 stalls (these are tandem stalls - 4 are covered stalls). Option to add another stall. Thurston Avenue is conveniently on the bus line w/street prkg. 6 electric meter, 6 gas meters. Also view video link too.
Virtual Tour
$4.39m
Makiki Area
1545 Kewalo St, Honolulu
Multi-Family Home
$4,388,000
Investment opportunity in Makiki with easy access to the freeway and minutes from downtown. High rental income with the ability to increase over time. 3- 2 story buildings consists of 16, 1-bedroom/1-bathroom units and1, 2-bedroom/1-bathroom unit--totaling 17 units and 7 parking stalls (2 tandem) Freshly painted exterior.
$1.6m  $1,000
Makiki Area
1139 Papaku Place, Honolulu
Multi-Family Home
$1,598,000  $1,000
EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 APARTMENT ZONED PROPERTY IN THE HEART OF MAKIKI! THIS EXTRAORDINARY OFFERING IS PRICED WELL BELOW THE 2023 REAL PROPERTY TAX LAND VALUE. FEATURING AN EXISTING WELL KEPT 3 BEDROOM/ 1 BATH HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING.UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQUARE FOOT UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXEPEDIATED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. IN FACT, SELLERS HAVE PLANS SUBMITTED TO DPP FOR A DEVELOPMENT OF A SUBSTANTIAL 33 UNIT PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND REACH OUT TO THE DEPARTMENT OF PLANNING & PERMITTING, LUO AND PROFESSIONALS LICENSED FOR DEVELOPMENT. TO BE CONVEYED AS IS.
$2.19m  $200,000
Makiki Area
1525 Piikoi Street, Honolulu
Multi-Family Home
$2,190,000  $200,000
This property boasts an exceptional location along Piikoi Street. The rental income is currently stable but presents significant potential for growth. Prospective new owners have the option to retain it as an income-producing property or leverage Bill 7 to develop a 34-unit apartment complex. Presently, a comprehensive 34-unit Bill 7 building plan is undergoing thorough review by the Department of Planning and Permitting (DPP). The sale package encompasses the newly devised building plan, a complete survey, and engineering reports. Notably, Piikoi Street is subject to a road widening plan. Nevertheless, the seller has secured a letter of approval from the DPP, granting permission for the construction of a 34-unit apartment. Furthermore, the sewer application has received official approval. The property consists of two existing structures: the front structures encompass 3 one-bedroom units and 5 studios, all inclusive of electricity and water in the rent. Additionally, 3 studios are located in the rear structure. It is worth noting that 2 out of the 11 units are equipped with dedicated gas meters.
Multi-Family Home
$5,800,000
Sale includes two parcels 1-2-4-021-070 & 1-2-4-021-077. Front building is 8 units ( all one bedrooms ) solid concrete construction. Back two buildings are 1/2 concrete & 1/2 wood construction ( 6 one bedrooms in one building and 6 two bedrooms in other building ). 100 % Occupied and sold AS-IS condition. Do your own Due Diligence.
Multi-Family Home
$12,000,000
TROPHY 4-Story Concrete Apartment Building in Makiki. 36 units in TURNKEY CONDITION. 3 identical floors of 12 double-loaded units (each with a private lanai). 23 parking stalls + multiple scooter/bike stalls. New Roof in 2019. Gated & Secured. PROFESSIONALLY RUN. 100% occupied
1 – 8 of 8 homes for sale
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Lifestyle & outdoors In Makiki Area

13 surf spots in this area

Rock Piles
Type: surfing
Kaisers
Type: surfing
Break
Type: surfing
Bowls
Type: surfing
Bomboras
Type: surfing
When the big swells hit, this thick and mellow break appears.
Baby Haleiwa's
Type: surfing
Big Rights
Type: surfing
Concessions
Type: surfing
Right and Left breaking waves - good at 2-4 four feet upwards.
Kewalos
Type: surfing
The Wall
Type: body-surfing
Waikiki, Honolulu 1-5
Point Panic
Type: body-surfing
Kaka'ako, Honolulu 1-5 Dangerous rocks and reef bottom
Rockpiles
Type: surfing
South Shore - Ala Moana Park
Type: surfing

22 parks in this area

Papakolea Community Park

Frank C. Judd Mini Park

Makiki Tantalus State Park

Stevenson Recreation Center

Archie Baker Mini Park

Dole Community Park

Makiki Street Mini Park

Piikoi Street Mini Park

Thomas Square

Punahou Square

Makiki District Park

Kawaiahao Mini Park

Cartwright Neighborhood Park

Wilder Avenue Mini Park

Sheridan Community Park

Makua Alii Senior Citizen's Center

Moiliili Neighborhood Park

Old Stadium Park

McCully District Park

Isenberg Street Community Garden

Isenberg Street Community Garden

Ala Wai Promenade

2 beaches in this area

Duke Paoa Kahanamoku Beach Park

Ala Moana Beach

1 golf course in this area

Ala Wai Golf Course

Essentials in Makiki Area

Hospital is about 11 min walk
Supermarket is about 4 min walk
Farmers market is about 7 min walk
Airport is about 12 min drive
Costco is about 17 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Makiki Area

13 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Schools nearby Makiki Area

4 /10
GreatSchools.org
Rating
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
5 /10
GreatSchools.org
Rating
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
5 /10
GreatSchools.org
Rating
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
School ratings provided by Greatschools.org © 2023. All rights reserved.

Living in Makiki Area Makiki Area is a neighborhood in the Honolulu district of Oahu.

Supermarkets are about 4 min walk, the nearest Hospital is about 11 min walk and the airport is about 12 min drive.

Makiki Area is somewhat walkable.

There are 22 parks in this area, and 2 public beaches. Nearby lifestyles include surfing, body surfing and golf.

Housing Market Trends for Makiki Area

There are currently 72 real estate listings for sale in Makiki Area. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Makiki Area for condos is $376,955 and for homes is $2,165,355. The median sales price for Makiki Area over the last 90 days is $396,500. If we break this down per property types we see that the median sales price for homes is $867,500 and for condos $392,500.
The number of sales in the last 60 days are 24. The average days Makiki Area properties stay on the market before being sold is 142 days.

Makiki Area is a neighborhood located in the
Honolulu
district on the island of
Oahu
.

Average Listing Price Makiki Area for condos & homes

Median Sales Price Makiki Area for condos & homes

Number Of Sales Makiki Area for condos & homes

* information deemed reliable, but not guaranteed
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