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$8,875,000

  • For Sale
  • Active
  • Apartment
  • 19,097 Sq. Ft.
  • Kailua-Kona
  • Fee Simple
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Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1

Full Property Details for 75-5749 Alahou St

General

  • Price: $8,875,000
  • Taxes: $45,960
  • Status: Active
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202609233
  • Updated: 5/10/2026
  • Added to Site: 19 day(s) ago

Rental Information

  • Complex Features: None

Rooms

Other Rooms

  • Laundry: In Unit

Parking

  • Total Spaces: 37
  • Parking Features: Assigned

Location

  • Area: N. Kona
  • County: Hawaii
  • Subdivision: LONO KONA

School Information

  • Elementary School: Kahakai
  • Middle School: Kealakehe
  • High School: Kealakehe

Utilities

  • Sewer: Connected
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Double Wall, Hollow Tile, Wood Frame
  • Stories/Levels: 2
  • Square Feet: 19,097
  • Property Condition: Excellent

Lot Features

  • Property View: Mountain(s), Ocean
  • Mountain views: Yes
  • Lot Size: 25855
  • Topography: Sloping
  • Lot Features: Corner Lot, Dead End, Irregular Lot, Rim Lot
  • Zoning: Neighbor Island - See Remarks

Financial Considerations

  • Operating Expenses: $209,345
  • Assessment Amount: $3,956,600
  • Tax Amount: $45,960
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Disclosures/Reports: None
  • Disclosures/Rstr.: None
  • Property ID: 3-7-5-022-072-0000

Listed by Pacific Realty Organization

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Listing agent

— 75-5749 Alahou St —

  • Pacific Realty Organization

(808) 599-5720

Get Pre-Approved Today

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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 75-5749 Alahou St

School District:Hawaii Department of Education
NameGradesDistance
Kahakai Elementary School
76-147 Royal Poinciana Dr, Kailua-Kona, HI 96740
PK-51.9 mi
Kealakehe Intermediate School
74-5062 Onipaa St, Kailua-Kona, HI 96740
6-82.1 mi
Kealakehe High School
74-5000 Puohulihuli St, Kailua-Kona, HI 96740
9-122.1 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 75-5749 Alahou St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/10/2026
Listed
$8,875,000
88.13%
MLS
10/01/2018
Sold
$4,717,500
—
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 75-5749 Alahou St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$45,961
3%
$3,928,300
3%
2023
$44,561
8%
$3,808,600
8%
2022
$41,300
1%
$3,529,900
1%
2021
$41,079
-38%
$3,511,000
-38%
2020
$66,089
243%
$5,648,600
243%
2019
$19,251
-2%
$1,645,400
-2%
2018
$19,743
—
$1,687,400
—
2017
$19,706
3%
$1,684,300
-4%
2016
$19,125
2%
$1,762,700
2%
2015
$18,770
56%
$1,729,500
56%
2013
$12,047
—
$1,110,300
—
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.

Estimate the Cost for 75-5749 Alahou St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Pacific Realty Organization

75-5749 Alahou Street, Kailua Kona, HI 96740 (MLS# 202609233) is a Apartment property with 0 bedrooms and 0 full bathrooms. 75-5749 Alahou Street is currently listed for $8,875,000 and was received on May 10, 2026. Want to learn more about 75-5749 Alahou Street? Do you have questions about finding other Apartment real estate for sale in Kailua-Kona? You can browse all Kailua-Kona real estate or contact a Coldwell Banker agent to request more information.

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