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$1,695,000

  • For Sale
  • Active
  • Multi-Family
  • Fee Simple
  • Updated 12 days ago
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An extremely attractive residential offering to acquire 3 detached dwellings, all located on a single parcel in Honolulu. The property offers stable cash flow combined with low maintenance costs and strong appreciation potential. 2025 renovations make this offering ideal for 1031 exchange or investors seeking stable NOI and low operating costs. 2 rental units provide immediate income of $5,750/mo. incl. GET plus potential income of $3,400/mo. incl. GET from the 3rd home for a total of $9,150/mo. in income. A rare multi-family investment with high rental demand and reduced management intensity compared to larger multi-family properties. Each house offers 2 bedrooms and 1 bathroom, separate electric meter, small private yard, remodeled kitchen with new appliances and flooring. Gently sloped parcel in a desirable neighborhood, located close to schools and restaurants, with views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, with newer exterior storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).

Full Property Details for 1156 Alewa Dr

General

  • Price: $1,695,000
  • Taxes: $4,468
  • Status: Active
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202604529
  • Updated: 4/1/2026
  • Added to Site: 33 day(s) ago

Rental Information

  • Complex Features: None, Storage Facilities

Interior

  • Appliances: Dryer, Washer
  • Furnishings: Unfurnished

Parking

  • Total Spaces: 5
  • Parking Features: Covered, Open, Tandem

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: ALEWA HEIGHTS

School Information

  • Elementary School: Maemae
  • Middle School: Kawananakoa
  • High School: Mckinley

Utilities

  • Sewer: Connected
  • Water: Public
  • Utility Description: Above Ground Utilities, Electricity Available, Natural Gas Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Detached/Attached: Detached
  • Construction: Hollow Tile, Single Wall, Wood Frame
  • Stories/Levels: 1
  • Square Feet: 2,395
  • Year Built: 1939
  • Property Condition: Good Condition

Lot Features

  • Property View: City, Mountain(s), Ocean
  • Mountain views: Yes
  • Lot Size: 8052
  • Topography: Level, Sloping
  • Lot Features: Interior Lot, Irregular Lot, Level
  • Zoning: 05 - R-5 Residential District

Financial Considerations

  • Operating Expenses: $28,248
  • Assessment Amount: $1,315,300
  • Tax Amount: $4,468.08
  • Tenant Pays: Cable TV, Electricity, Other

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Disclosures/Reports: Seller Disclosure, See Remarks
  • Disclosures/Rstr.: Seller Disclosure, See Remarks
  • Property ID: 1-1-8-033-022-0000

Listed by REMAX Hawaii

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Listing agent

— 1156 Alewa Dr —

  • REMAX Hawaii

(808) 738-3600

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1156 Alewa Dr

School District:Hawaii Department of Education
NameGradesDistance
Maemae Elementary School
319 Wyllie Street, Honolulu, HI 96817
PK-60.6 mi
Prince David Kawananakoa Middle School
49 Funchal St, Honolulu, HI 96813
6-81 mi
President William Mckinley High School
1039 South King Street, Honolulu, HI 96814
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1156 Alewa Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Listed
$1,695,000
18.66%
MLS
4/21/2025
Sold
$1,428,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1156 Alewa Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,468
4%
$1,315,300
3%
2023
$4,286
11%
$1,276,600
4%
2022
$3,857
—
$1,224,600
11%
2022
$3,857
3%
$1,101,900
3%
2021
$3,731
—
$1,066,100
-1%
2021
$3,731
-1%
$1,076,900
—
2018
$3,785
-4%
$1,081,500
-4%
2017
$3,933
2%
$1,123,600
2%
2016
$3,852
2%
$1,100,700
2%
2019
$3,779
1%
$1,079,600
1%
2015
$3,748
45%
$1,070,800
26%
2013
$2,583
—
$847,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by REMAX Hawaii

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1156 Alewa Drive, Honolulu, HI 96817 (MLS# 202604529) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1156 Alewa Drive is currently listed for $1,695,000 and was received on March 12, 2026. Want to learn more about 1156 Alewa Drive? Do you have questions about finding other Multi-Family real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

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