Date
Details
Price
Change
Source
5/22/2026
Listed
$1,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,995,000
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Property Description
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.
Full Property Details
Full Property Details for 708 E Olokele Ave
General
- Price: $1,995,000
- Taxes: $5,303
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202610118
- Updated: 6/24/2026
- Added to Site: 52 day(s) ago
Rental Information
- Complex Features: None
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Total Spaces: 8
- Parking Features: Assigned, Covered, Open
Location
- Area: Metro
- County: Oahu
- Subdivision: KAPAHULU
School Information
- Elementary School: Ala Wai
- High School: Kaimuki
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, Water Available, Sewer Connected
Structural Information
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Masonry, Stucco
- Stories/Levels: 2
- Square Feet: 2,592
- Year Built: 1957
- Property Condition: Excellent
Lot Features
- Lot Size: 5005
- Topography: Level, Other
- Lot Features: Cleared, Dead End, Level
- Zoning: 12 - A-2 Medium Density Apartme
Financial Considerations
- Operating Expenses: $18,957
- Assessment Amount: $1,523,400
- Tax Amount: $5,303.16
- Tenant Pays: Cable TV, Electricity, Gas
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Disclosures/Reports: Seller Disclosure
- Disclosures/Rstr.: Seller Disclosure
- Property ID: 1-2-7-035-095-0000
Listed by Hawaii Modern Realty
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Listing agent
— 708 E Olokele Ave —
Hawaii Modern Realty
(808) 792-3910
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 708 E Olokele Ave
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Ala Wai Elementary School 503 Kamoku Street, Honolulu, HI 96826 | PK-5 | 0.6 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 1.4 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 0.2 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 708 E Olokele Ave
Estimate the Cost
Estimate the Cost for 708 E Olokele Ave
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708 E Olokele Avenue, Honolulu, HI 96816 (MLS# 202610118) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 708 E Olokele Avenue is currently listed for $1,995,000 and was received on May 22, 2026. Want to learn more about 708 E Olokele 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.