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$1,800,000
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Property Description
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more. Four of the units have been remodeled within the past year, while two have received partial upgrades. The other two units need completed renovations. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low. The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed. Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
Full Property Details
Full Property Details for 2032 Kapiolani Blvd
General
- Price: $1,800,000
- Taxes: $5,099
- Status: Under Contract
- Type: Apartment
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202506283
- Updated: 11/10/2025
- Added to Site: 319 day(s) ago
Rental Information
- Complex Features: None
Interior
- Furnishings: Unfurnished
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Total Spaces: 3
- Parking Features: Assigned
Location
- Area: Metro
- County: Oahu
- Subdivision: MOILIILI
School Information
- Elementary School: Lunalilo
- Middle School: Washington
- High School: Kaimuki
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Single Wall, Wood Frame
- Stories/Levels: 2
- Square Feet: 3,706
- Year Built: 1957
- Property Condition: Average Condition
Lot Features
- Lot Size: 5000
- Topography: Level
- Lot Features: Cleared, Other, Level
- Zoning: 12 - A-2 Medium Density Apartme
Financial Considerations
- Operating Expenses: $36,248
- Assessment Amount: $1,456,900
- Tax Amount: $5,099.16
- Tenant Pays: Air Conditioning, Cable TV, Electricity, Parking Fee
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: Call Agent
- Disclosures/Rstr.: Call Agent
- Property ID: 1-2-7-003-062-0000
Listed by Neal Fineman Property Mgmt
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Schools
Schools serving 2032 Kapiolani Blvd
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
King William Lunalilo Elementary School 810 Pumehana Street, Honolulu, HI 96826 | PK-5 | 0.2 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 0.5 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2032 Kapiolani Blvd
Date
Details
Price
Change
Source
8/20/2025
Price Reduced
$1,800,000
-12.2%
MLS
6/19/2025
Price Reduced
$2,050,000
-6.82%
MLS
5/12/2025
Price Reduced
$2,200,000
-15.38%
MLS
3/05/2025
Listed
$2,600,000
—
MLS
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
Tax History for 2032 Kapiolani Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,099
3%
$1,458,800
—
2023
$4,940
8%
$1,456,900
3%
2022
$4,564
—
$1,411,400
8%
2022
$4,564
—
$1,304,100
—
2021
$4,573
—
$1,306,500
—
2021
$4,573
-40%
$1,312,800
21%
2018
$7,565
78%
$1,080,700
-11%
2019
$4,242
13%
$1,212,000
13%
2017
$3,762
14%
$1,074,900
14%
2016
$3,314
-39%
$947,000
3%
2015
$5,436
43%
$915,000
3%
2014
$3,796
—
$885,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2032 Kapiolani Blvd
2032 Kapiolani Boulevard, Honolulu, HI 96826 (MLS# 202506283) is a Apartment property with 0 bedrooms and 0 full bathrooms. 2032 Kapiolani Boulevard is currently listed for $1,800,000 and was received on March 05, 2025. Want to learn more about 2032 Kapiolani Boulevard? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

