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$2,450,000
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Property Description
Rare Multi Unit Investment Opportunity in Pauoa Valley Exceptional opportunity to acquire three dwellings comprising six 2-bedroom, 1-bath units in desirable Pauoa Valley. This offering includes three TMKs: 1-2-2-11-15-1, 1-2-2-11-15-2, and 1-2-2-11-15-3, with each unit separately addressed as 2138, 2138-A, 2138-B, 2138-C, 2138-D, and 2138-E Kanealii Ave.Units have been updated over time as tenants vacate, supporting ongoing value and rental appeal. Each dwelling is equipped with photovoltaic (PV) systems, and all units are separately metered with individual laundry, hot water, and dedicated parking features that help streamline management and attract long-term tenants. Located in a convenient, centrally situated neighborhood with multiple commuting options to downtown Honolulu, major hospitals, and universities. The property has a history of being consistently fully tenanted, making it a strong addition to any investment portfolio. Adjacent property at 2134 Kanealii Ave. is also available for purchase.
Full Property Details
Full Property Details for 2138 Kanealii Ave
General
- Price: $2,450,000
- Taxes: $9,295
- Status: Under Contract
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202608474
- Updated: 6/11/2026
- Added to Site: 74 day(s) ago
Rental Information
- Complex Features: None
Interior
- Appliances: Dryer, Washer
- Furnishings: Partially
Rooms
Other Rooms
- Laundry: In Unit
Parking
- Total Spaces: 12
- Parking Features: Assigned, Open, Unassigned
Location
- Area: Metro
- County: Oahu
- Subdivision: PAUOA VALLEY
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Single Wall, Wood Frame
- Stories/Levels: 1
- Square Feet: 3,120
- Year Built: 2000
- Property Condition: Good Condition
Lot Features
- Property View: City, Mountain(s)
- Mountain views: Yes
- Lot Size: 8727
- Topography: Level, Sloping
- Lot Features: Cleared, Level
- Zoning: 07 - R-3.5 Residential District
Financial Considerations
- Assessment Amount: $3,025,200
- Tax Amount: $9,295.68
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Property ID: 1-2-2-011-015-0001
Listed by Agora Hawaii
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Schools
Schools serving 2138 Kanealii Ave
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Pauoa Elementary School 2301 Pauoa Road, Honolulu, HI 96813 | PK-5 | 0.3 mi |
Prince David Kawananakoa Middle School 49 Funchal St, Honolulu, HI 96813 | 6-8 | 0.2 mi |
President Theodore Roosevelt High School 1120 Nehoa Street, Honolulu, HI 96822 | 9-12 | 1 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 2138 Kanealii Ave
Date
Details
Price
Change
Source
4/29/2026
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2138 Kanealii Ave
2138 Kanealii Avenue, Honolulu, HI 96813 (MLS# 202608474) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 2138 Kanealii Avenue is currently listed for $2,450,000 and was received on April 29, 2026. Want to learn more about 2138 Kanealii Avenue? 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.

