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Investment Highlights

  • This income-producing asset features two separate structures comprised of three one-bedroom units and four studio units
  • All units are occupied, providing immediate and consistent rental income
  • recently renovated, showcasing vinyl plank flooring, fresh exterior paint, and updated finishes that appeal to today’s tenants

Executive Summary

Excellent opportunity to own a well-maintained 7-unit multi-family property in the heart of McCully zoned BMX-3! This income-producing asset features two separate structures comprised of three one-bedroom units and four studio units. The property has been recently renovated, showcasing vinyl plank flooring, fresh exterior paint, and updated finishes that appeal to today’s tenants. All units are occupied, providing immediate and consistent rental income. Conveniently located near shopping, dining and easy access to public transportation, this McCully property offers both revenue and long-term investment potential!

Property Facts

Price $1,495,000
Price Per Unit $213,571
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Single-Family Home
Building Class C
Lot Size 0.07 AC
Building Size 2,340 SF
Average Occupancy 100%
No. Stories 2
Year Built 1941
Parking Ratio 0.43/1,000 SF
Zoning BMX-3 - Business Mixed Use

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - -
1+1 3 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
1-2-3-028-024-0000
Land Assessment
$932,600
Improvements Assessment
$245,100
Total Assessment
$1,177,700
  • Listing ID: 39717042

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 1812 Algaroba St, Honolulu, HI 96826

Contact the Sale Advisor

1812 Algaroba St

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