1420 Ward Avenue, Honolulu, HI 96822
- $2,050,000
- Sold Price
- $2,050,000
- List Price
- $2,250,000
- Status
- CLOSED
- Type
- Multifamily
- MLS#
- 202421951
- Days on Market
- 274
- Closing Date
- Jul 01, 2025
- Land Area
- 5,515
- Year Built
- 1957
- Property Type
- Residential
- Neighborhood
- Punchbowl Lower
- Land Tenure
- FS - Fee Simple
Property Description
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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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
- View
- Coastline
- Elementary School
- Royal
- Middle School
- Stevenson
- High School
- Roosevelt
- Lot Size
- 5,515
- Construction Materials
- Hollow Tile, Concrete, Wood Frame
- Neighborhood
- Punchbowl Lower
- Year Built
- 1957
- Sewer
- Connected
- Parking Features
- Assigned, Covered
- Lot Features
- Other
- Stories
- 2
- Assessed Total
- 1412600
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Listing courtesy of Standard Management LLC. Selling Office: Real Estate Strategies, LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 208-8107