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Active
    • Price cut: $155K (5/23)
    $1,995,000

    708 E Olokele Ave, Honolulu, HI 96816

    --beds
    0baths
    2,592sqft
    : 
    $11,758/mo
    Get pre-qualified
    Multi Family
    Built in 1957
    -- sqft lot
    $1,917,100 Zestimate®
    $770/sqft
    $-- HOA

    What's special

    Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
    72 days
    |
    296
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Corinda S Wong 808-306-7242,

    Hawaii Modern Realty

    Source: HiCentral MLS,MLS#: 202610118MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Cooling
      • Central Air
      Appliances
      • Laundry: Coin-operated
      Interior area
      • Total structure area: 2,592
      • Total interior livable area: 2,592 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: Assigned, Covered, Open
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      • View description: None
      Lot
      • Features: Cleared, Dead End, Level
      • Topography: Level,Other
      Details
      • Parcel number: 1270350950000
      • Zoning description: 12 - A-2 Medium Density Apartme
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Masonry, Stucco
      Condition
      • Excellent
      • Year built: 1957
      • Major remodel year: 1975

      Utilities & green energy

      • Sewer: Connected
      • Water: Public
      • Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected

      Community & HOA

      Community
      • Features: None
      • Subdivision: Kapahulu
      Location
      • Region: Honolulu

      Financial & listing details

      • Price per square foot: $770/sqft
      • Tax assessed value: $1,523,400
      • Annual tax amount: $5,303
      • Date on market: 5/22/2026
      • Total actual rent: 6550
      • Tenant pays: Cable TV, Electricity, Gas

        Estimated market value

        $1,917,100

        $1.82M - $2.01M

        $2,072/mo

        Price history

        DateEventPrice
        5/23/2026Price change$1,995,000-7.2%$770/sqft
        Source: HiCentral MLS #202610118 Report a problem
        6/12/2025Price change$2,150,000-6.5%$829/sqft
        Source: HiCentral MLS #202417760 Report a problem
        5/28/2025Price change$2,300,000-8%$887/sqft
        Source: HiCentral MLS #202417760 Report a problem
        11/11/2024Price change$2,500,000-6.9%$965/sqft
        Source: HiCentral MLS #202417760 Report a problem
        8/9/2024Listed for sale$2,685,000$1,036/sqft
        Source: HiCentral MLS #202417760 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Kapahulu

        Getting around

        82 / 100
        Very Walkable
        63 / 100
        Good Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ala Wai
        • High: Kaimuki

        Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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