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1223 Wilder Ave 6 Unit Apartment Building $2,700,000 ($450,000/Unit) 4.80% Cap Rate Honolulu, HI 96822
Investment Highlights
- Recently renovated in 2025, including flooring, fixtures, and modern appliances throughout all units.
- Situated in the Makiki neighborhood, near Ala Moana, University of Hawaii, and major schools.
- Six-unit configuration offering a mix of apartments and a detached single-family home, each separately metered for electricity.
Executive Summary
This fully renovated multifamily property in the heart of Honolulu offers an exceptional investment opportunity in the highly desirable Makiki neighborhood. The asset comprises six income-producing units: a 5-unit apartment building and a 4-bedroom, 2-bath single-family home. Each unit is individually metered for electricity and features modern upgrades including new flooring, fresh paint, updated windows, ceiling fans, and contemporary appliances. The property underwent a comprehensive renovation in 2025, delivering a turnkey solution to investors seeking immediate operational efficiency.
Positioned within short distance of Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana, the location ensures high tenant demand and strong rental performance. Easy access to major Honolulu roadways enhances connectivity across the city. With a scheduled gross income of $167,400 and a 4.8% cap rate at acquisition, this asset delivers both stability and upside in a tight rental market. The configuration also provides “house hacking” potential for an owner-occupant to offset housing costs with rental income.
Positioned within short distance of Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana, the location ensures high tenant demand and strong rental performance. Easy access to major Honolulu roadways enhances connectivity across the city. With a scheduled gross income of $167,400 and a 4.8% cap rate at acquisition, this asset delivers both stability and upside in a tight rental market. The configuration also provides “house hacking” potential for an owner-occupant to offset housing costs with rental income.
Property Facts
| Price | $2,700,000 | Property Subtype | Apartment |
| Price Per Unit | $450,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,723 SF |
| Cap Rate | 4.80% | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1955/2025 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Zoning | A-2 - Medium Density Apartment | ||
| Price | $2,700,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.13 AC |
| Building Size | 5,723 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2025 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | A-2 - Medium Density Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 4+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-2-4-029-056-0000 | Improvements Assessment | $478,000 |
| Land Assessment | $2,063,900 | Total Assessment | $2,541,900 |
Property Taxes
Parcel Number
1-2-4-029-056-0000
Land Assessment
$2,063,900
Improvements Assessment
$478,000
Total Assessment
$2,541,900
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1223 Wilder Ave
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