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1637 Kewalo St

7 Unit Block of Flats £1,362,550 (£194,650/Unit) Honolulu, HI 96822

Investment Highlights

  • Strong value-add upside – unit interiors consist of outdated finishes. An interior renovation could lead to achieving significantly higher rents
  • Most tenants are mont-to-month
  • Central location with very high tenant demand
  • Rents under market
  • Separately metered for electricity
  • Eligible for Bill 7 redevelopment

Executive Summary

1637 Kewalo is a well-priced 7-unit multifamily property with an attractive unit mix and the perfect arrangement for a “house hack”. Live in one and rent out the rest! The property is excellently located in the heart of the popular Makiki neighborhood and features 5+ on-site parking stalls in addition to abundant street parking. Units are in classic condition, rents are under-market, and most tenants are month-to-month, providing an ideal set up for an investor to complete a value-add campaign and increase returns. The front building is architecturally interesting due to its 1937 vintage, and it boasts sizeable units.
Whether you’re an investor seeking value-add potential or a buyer looking to live in one unit and generate income from the rest, 1637 Kewalo offers endless possibilities. Schedule your showing today!

Please do not go on the property without the listing agent. Seller would like to rent back the 2 bedroom unit for 6 months after closing.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,362,550
Price Per Unit £194,650
Sale Type Investment
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 3,403 SF
Number of Floors 2
Year Built 1937
Parking Ratio 1.47/1,000 SF
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code A-2 (Medium Density Apartment)
A-2 (Medium Density Apartment)
  • Listing ID: 34383229

  • Date on Market: 06/01/2025

  • Last Updated:

  • Address: 1637 Kewalo St, Honolulu, HI 96822

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