USAHIKailua-KonaLono Kona75-5749 Alahou St
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75-5749 Alahou St, Kailua Kona, HI

House

For Sale

Listed price in listed location currency (USD).
$8,875,000

0037

MLS® 202609233

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage 
Taxes $45,960
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 202609233

Property Address: 75-5749 Alahou St, Kailua-Kona, HI, 96740-1820

Average square foot calculated using Size range provided by listing agent.

Description

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8, 875, 000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1
MLS® Number202609233
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 10, 2026List Date
$8,875,000List Price
  • Commute

Commute

Starting Address
Destination Address
75-5749 Alahou St, Kailua Kona, HI

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