About 708 E Olokele Avenue
Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Features of 708 E Olokele Avenue
| MLS® # | 202610118 |
|---|---|
| Price | $1,995,000 |
| Bathrooms | 0.00 |
| Acres | 0.11 |
| Year Built | 1957 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 708 E Olokele Avenue |
|---|---|
| Area | Metro |
| Subdivision | KAPAHULU |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96816 |
Amenities
| Utilities | Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected |
|---|---|
| Features | Cleared, Dead End, Level |
| Parking Spaces | 8 |
| Parking | Assigned, Covered, Open |
| Garages | Assigned, Covered, Open |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Masonry, Stucco |
|---|---|
| Lot Description | Cleared, Dead End, Level |
| Construction | Masonry, Stucco |
School Information
| Elementary | Ala Wai |
|---|---|
| High | Kaimuki |
Additional Information
| Date Listed | May 22nd, 2026 |
|---|---|
| Days on Market | 111 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Hawaii Modern Realty |
|---|---|
| Contact Info | (808) 792-3910 |