Investment Opportunity! 15-unit apartment building in Dillingham. 3-story walk-up in the heart of Honolulu, just minutes away from Costco Iwilei, Home Depot, and bus lines. This hollow tile building features 15 identical one-bedroom units and 16 parking stalls. Interior units were remodeled in 2017, offering updated finishes and functional layouts. Each unit has its own electric meter and a washer on the lanai (tenant-owned), keeping maintenance simple and costs low. Convenient location, strong rental demand, and individual metering make this a solid investment for any portfolio- whether you're a local investor or seeking a 1031 exchange opportunity. Financials available upon request. All information subject to change. some photos have been virtually decluttered
Property Features
Bathrooms
Appliances
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central Air
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Cleared, Level
- Lot Size Acres: 0.2190083
- Topography: Level
- Lot Size Square Feet: 9540
Garage and Parking
- Open Parking: Yes
- Parking Features: Assigned, Open
- Parking Total: 16
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Other Property Info
- Annual Tax Amount: 10869.60
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: DILLINGHAM
- Parcel Number: 1-1-5-006-018-0000
- Postal City: Honolulu
- Subdivision: DILLINGHAM
- Zoning Description: 46 - IMX-1 Industrial-Commercia
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 182035
- Operating Expense: 69545
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1965
- Construction Materials: Hollow Tile
- Levels: Three Or More
- Property Age: 60
- Property Condition: Good Condition
- Structure Type: Apartment
- Year Built Effective: 2002
Utilities
- Sewer: Connected
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected