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1420 Ward Avenue, Honolulu, HI, 96822
Multi-dwelling in Punchbowl-lower
$2,250,000Est. $12,387/mo
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 54 daysListed 09/30. Last updated 11/04.
  • Built in 1957Built 67 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this multi-dwelling offers

PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.

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Where you'll live

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1420 Ward Avenue, Honolulu, HI, 96822 is located in Punchbowl-Lower on Oahu.

More about this multi-dwelling

  • Tax ID 1-2-1-039-036-0000
  • Taxes$412/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Fee Simple
  • Construction Concrete, Hollow Tile, Wood Frame
  • Roof Asphalt Shingle,Other
  • Year Built 1957
  • Lot Size 5,515 sqft
  • Views Coastline
  • Parking Assigned, Covered
  • Elementary Royal
  • Middle Stevenson
  • High Roosevelt
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

Listing courtesy of Michael M Okamoto from Standard Management LLC, MLS #202421951. Contact: (808) 208-8107.

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10/09/2024 1442 Kewalo Street $11,000,000 523 7,858
11/20/2023 1662 Lewalani Drive $4,150,000 187 8,736
04/22/2024 1624 Liholiho Street $2,600,000 67 9,689
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