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.
Closed
$1,700,000
750 Makaleka Ave, Honolulu, HI 96816
--beds
0baths
--sqft
Triplex
Built in 1973
-- sqft lot
$-- Zestimate®
$--/sqft
$6,810 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,810/mo
Zestimate® history
Owner options
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$6,810/mo
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$6,810/mo
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$7,584/mo
Est. payment
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$7,584/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jennifer AS Ishii 808-722-2341,
Compass
Bought with:
Sheilla Mae Arca, RS-84443
Century 21 Island Homes
Source: HiCentral MLS,MLS#: 202505011
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Parking
- Total spaces: 10
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
Lot
- Features: Cleared, Level
- Topography: Level
Details
- Parcel number: 1270350100000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Hollow Tile, Single Wall
Condition
- Average Condition
- Year built: 1973
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Kapahulu
Location
- Region: Honolulu
Financial & listing details
- Tax assessed value: $1,956,400
- Annual tax amount: $6,847
- Date on market: 2/12/2025
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $1,700,000-2.9% |
Source:  HiCentral MLS #202505011 Report a problem | ||
| 1/29/2026 | Contingent | $1,750,000 |
Source: HiCentral MLS #202505011 Report a problem | ||
| 9/16/2025 | Price change | $1,750,000-12.5% |
Source: HiCentral MLS #202504967 Report a problem | ||
| 2/14/2025 | Listed for sale | $1,999,000+199800% |
Source: HiCentral MLS #202504967 Report a problem | ||
| 9/25/2006 | Sold | $1,000-99.4% |
Source: Public Record Report a problem | ||
| 2/25/1997 | Sold | $170,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,860 +0.2% | $1,959,900 +0.2% |
| 2024 | $6,847 +5.3% | $1,956,400 +5.3% |
| 2023 | $6,501 +2.2% | $1,857,500 +2.2% |
| 2022 | $6,359 +6.8% | $1,816,900 +6.8% |
| 2021 | $5,957 +0.7% | $1,701,900 +0.7% |
| 2020 | $5,917 +7.7% | $1,690,700 +7.7% |
| 2019 | $5,492 +4.2% | $1,569,200 +4.2% |
| 2018 | $5,271 +3.9% | $1,506,100 +3.9% |
| 2017 | $5,075 +21.7% | $1,450,100 +10.6% |
| 2016 | $4,170 +9.9% | $1,311,500 +8.9% |
| 2015 | $3,794 +1.6% | $1,204,100 +6.1% |
| 2014 | $3,734 | $1,134,800 +3.1% |
| 2013 | -- | $1,101,100 +1.2% |
| 2012 | -- | $1,088,200 -8.3% |
| 2011 | -- | $1,186,900 -2.6% |
| 2010 | -- | $1,218,100 -4.7% |
| 2009 | -- | $1,278,700 +11.5% |
| 2008 | -- | $1,147,000 +5.8% |
| 2007 | -- | $1,084,500 +14.6% |
| 2006 | -- | $946,300 +12.6% |
| 2005 | -- | $840,600 +17.6% |
| 2004 | -- | $714,900 +26.2% |
| 2003 | $1,746 +2% | $566,500 +27.5% |
| 2002 | $1,712 | $444,200 |
| 2000 | -- | -- |
| 1999 | -- | $524,800 |
Find assessor info on the county website
Neighborhood: Kapahulu
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Nearby schools
GreatSchools rating
- 5/10President Thomas Jefferson Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.3 mi
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- Hawaii
- Honolulu County
- Honolulu
- 96816
- Kapahulu
- 750 Makaleka Ave
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