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750 Makaleka Ave, Honolulu, HI 96816
NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning.
This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units.
Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking.
For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Bill 7 potential
Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
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Multi-family details
1973 year built
- Year Built 1973
- Days on market 385
-
Address
750 Makaleka Ave, Honolulu, HI, 96816
- Neighborhood Kapahulu
- Land tenure FS - Fee Simple
- Land SqFt 7,036 sqft
- View None
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No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$8,923
Taxes
$571
HOA dues
$0
Mortgage
Down payment
$350,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$8,923 / month
Neighborhood: Kapahulu
Nearby & commute
Walkability
Coffee shops
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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
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no data
Beach
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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
3 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
3
Amenities & Features
10 parking places
Stories
Two
Construction
Above Ground, Hollow Tile, Single Wall
Utilities
Overhead Electricity, Public Water, Water
Property Condition
Average
Parking
Open
nr.of parking places
10
Amenities
None
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Kapahulu prices
Average price $1.42m
Neighborhood average sales price*
$1.42m
Neighborhood median sales price*
$1.45m
Number or sales*
3
Street median sales price*
$1.38m
*last 6 months
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
Elementary School
|
0.559mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
Middle School
|
0.561mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
High School
|
0.309mi |
| School rating | Distance | |
|---|---|---|
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.559mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.575mi | |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.61mi | |
|
King Liholiho Elementary School
3430 Maunaloa Ave,
Honolulu, HI 96816
|
0.611mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.612mi |
| School rating | Distance | |
|---|---|---|
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.561mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.575mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.612mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.63mi | |
|
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.716mi |
| School rating | Distance | |
|---|---|---|
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.309mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.561mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.575mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.63mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.77mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Rented May 11, 2020
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 11, 2020 | Rented | $1,500 | 0 | MLS #202004189 |
| Feb 27, 2020 | New Listing rental | $1,500 | 0 | MLS #202004189 |
Tax & MLS details 750 Makaleka Ave, Honolulu, HI, 96816
MLS #202505011
Current Property Taxes p/month
$571
Assessed Improvement value
$220,200
TMK
1-2-7-035-010-0000
Flood Zone
Zone X
Topography
Level
Lot Description
Clear
Total Assessed value
$1,956,400
Listed by
Compass
(808) 825-4277
(808) 825-4277
MLS #
202505011
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Frequently asked questions for 750 Makaleka Ave
When was this multi-family home built and last sold?
This house was build in 1973.
What is the full address of this multi-family home?
750 Makaleka Ave, Honolulu, HI, 96816.
Are there beaches near 750 Makaleka Ave?
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 Compass. 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 February 26, 2026.
Hawaii House Last checked 1 minute ago.
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