Kapalama Multi-Family Homes for sale
7 multi-family home for sale
Multi-Family Home
$1,200,000
Multi-Family Home for sale
2135 Bannister Pl Honolulu, Oahu Neighborhood: Kapalama
Rare find! IMX gem--Solid building conveniently located minutes from Downtown Honolulu at the end of a cul de sac with 6 two-bed units and higher cube workshop area with 7 parking spaces and some street parking. All rents are Pro Forma—currently 2 MTM tenants, 2 units occupied by family (no lease), and 2 vacancies. One unit has an upgraded interior. Buy and maximize rents, taking advantage of the Industrial Mixed Use zoning—potential to rent 6 units + workshop separately. Excellent value-add opportunity at a compelling price. Please see agent showing remarks to request a marketing package and review offer instructions.
Multi-Family Home
$1,500,000
Multi-Family Home for sale
1649 Democrat Street Honolulu, Oahu Neighborhood: Kapalama
Industrial-zoned income producing property in Kalihi with strong redevelopment or owner-user potential. Property consists of two structures totaling approximately 3,824 sq ft on a 4,514 sq ft lot. Zoned I-2, allowing for a wide range of commercial and industrial uses. Convenient location with easy access to Nimitz Hwy, H-1 Freeway, Airport Sand Island, and Honolulu Harbor. Ideal for investors, contractors, or businesses. Strong upside potential for investors and developers.
Multi-Family Home
$1,170,000
Multi-Family Home for sale
910 Factory Street Honolulu, Oahu Neighborhood: Kapalama
Centrally located to various businesses servicing Oahu communities. This property is located near North King Street, providing easy access to H-1 East or H-1 West on-ramps and the bus line. This hollow-tile, two-story walk-up has 4 vacant two-bedroom, one-bathroom units with lanais that provide space for water heaters and washers. It was re-roofed in September 2025. There are four parking stalls in front of the building, 2 open and 2 covered. There are four electric meters, one per unit and one water line serving the building. The Income Information in the MLS is hypothetical. The units have been vacant for many years, and no financial information is available. The buyer must do their own due diligence for this component. Do not walk onto the property without a confirmed appointment. Note: One or more photos may have been enhanced.
Multi-Family Home
$1,359,000
Multi-Family Home for sale
910 Kopke Street Honolulu, Oahu Neighborhood: Kapalama
A rare investment opportunity awaits in Kapalama with this well-maintained four-unit apartment building. The property features four units, each offering two bedrooms, one bathroom, and one assigned parking stall. All units are equipped with washer connections and are individually metered for electricity allowing tenants to cover this utility cost and helping reduce owner expenses. Located in a strong rental market, the property is 100% occupied and produces strong income with an estimated net cap rate of approximately 5%!! Whether you are entering the investment market for the first time or expanding an existing portfolio, this property offers solid long-term potential. Conveniently situated near everyday essentials including shopping, dining, gas stations, convenience stores, and major bus routes, the location provides excellent accessibility for tenants. Please respect privacy and do not disturb tenants or enter the property without a confirmed appointment.
Multi-Family Home
$1,495,000
Multi-Family Home for sale
1722 Democrat St Honolulu, Oahu Neighborhood: Kapalama
Well-located two-story, 4-unit apartment building in the heart of Kalihi, offering stable income today with multiple layers of future upside. The apartments have been recently lightly renovated.
Although currently operated as a 4-unit residential apartment building generating immediate rental income, the property is zoned for I-2 Intensive Industrial District, allowing for potential conversion, redevelopment, or alternative use, subject to buyer’s due diligence and approvals. The property is located just a few blocks from Amazon’s Honolulu distribution center, a major employment hub that supports long-term rental demand and neighborhood appreciation.
Conveniently located with easy access to major streets and highways, and close to bus lines, schools, shopping, and dining, making it attractive to both tenants and future redevelopment-minded buyers.
Multi-Family Home
$2,550,000 ▼ $138,000
Multi-Family Home for sale
219 Kalihi Street Honolulu, Oahu Neighborhood: Kapalama
An incredible opportunity to acquire a fee-simple, I-2 Zoned property with an existing 6 unit apartment building and excess parking lot leased to a commercial transportation company. Collect the cash-flow while you plan your redevelopment of the property for your business. Utilities are separately metered, owner pays for water. Washer and dryer hook ups are available. The corner lot property is well positioned in Kalihi Kai, within proximity to Amazon's new distribution center, Honolulu Harbor, Daniel K. Inouye International Airport, future Skyline stations, Downtown Honolulu, and major thoroughfares.
Multi-Family Home
$2,988,000 ▼ $477,000
Multi-Family Home for sale
815 Lopez Lane Honolulu, Oahu Neighborhood: Kapalama
Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 7.8% return (actual). Off
the ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing,
kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked
up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property &
includes 3 parking spaces that are rented out for add’l income.
Lifestyle & outdoors In Kapalama
3 surf spots in this area
25 parks in this area
3 beaches in this area
2 golf courses in this area
Essentials in Kapalama
Farmers market
is about 13 min walk
Hospital
is about 2 min drive
Supermarket
is about 11 min walk
Airport
is about 8 min drive
Costco
is about 18 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials
Walkability in Kapalama
15 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Living in Kapalama Kapalama is a neighborhood in the Honolulu district of Oahu.
Supermarkets are about 11 min walk, the nearest Hospital is about 2 min drive and the airport is about 8 min drive.
Kapalama is very walkable.
There are 25 parks in this area, and 3 public beaches. Nearby lifestyles include surfing, body surfing and golf.
Housing Market Trends for Kapalama
There are currently 20 real estate listings for sale in Kapalama. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Kapalama for condos is $233,054 and for homes is $1,104,200.
The median sales price for Kapalama over the last 90 days is $360,000, a -30% decrease of $257,500 year over year.
If we break this down per property types we see that the median sales price
for homes is $1,039,000 and for condos $320,000.
The number of sales in the last 60 days are 6.
The average days Kapalama properties stay on the market before being sold is 99 days.
Kapalama is a neighborhood located in the
Honolulu
district on the island of Oahu
.Average Listing Price Kapalama for condos & homes
Average Listing Price
| $838,656 | $0 |
| Apr 24 - Apr 30 | 0% |
|
$233,054 condos $1,104,200 homes |
w-o-w |
Median Sales Price Kapalama for condos & homes
Median Sales Price
| $360,000 | -$257,500 |
| May 07, 2025 - May 06, 2026 | -30.29% |
|
$320,000 condos $1,039,000 homes |
y-o-y |
Number Of Sales Kapalama for condos & homes
* information deemed reliable, but not guaranteed