1637 Kewalo St
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1637 Kewalo St
7 Unit Apartment Building $2,441,965 CAD ($348,852 CAD/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- Strong value-add upside – unit interiors consist of outdated finishes.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.
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,441,965 CAD | Building Class | C |
| Price Per Unit | $348,852 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,403 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1937 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,441,965 CAD |
| Price Per Unit | $348,852 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,403 SF |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 1.47/1,000 SF |
Walk Score ®
Very Walkable (86)
zoning
| Zoning Code | A-2 (Medium Density Apartment) |
| A-2 (Medium Density Apartment) |
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1637 Kewalo St
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