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750 Makaleka Ave (Metro Honolulu)

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750 Makaleka Ave, Honolulu
Inquire / Showing / Video Tour
Call/Text Michelle (808) 352-2469 or use contact form.
We are expert real estate agents who know Kapahulu very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
Investment Opportunity in Desirable Kapahulu! This multi-family property sits on a large, level 7,036 sq ft lot with ample parking for 8+ vehicles, offering tremendous potential for the savvy investor or builder. The existing structure features 3 separate units—two 2-bedroom, 1-bath units upstairs and a 4-bedroom, 2-bath unit downstairs. The downstairs area has the potential to be split into two additional 2-bedroom, 1-bath units, perfect for rental income.The dwelling is in need of updates, but the A-2 zoning opens up exciting possibilities, including the potential to build an apartment complex—investors can explore maximizing this lot’s value.Conveniently located near parks, golf courses, shops, restaurants, and with easy access to beaches and town, this property is an ideal spot for future development or as a rental property. The property is vacant, making it a fantastic opportunity for someone looking to remodel, rent out the units, or capitalize on the land value.
Recent Activity
  • Feb 13, 2025 Listed at $1,999,000
Past Sales
(Kapahulu)
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About Kapahulu
Note: This page displays all real estate for sale in Metro Honolulu, which is 1 of Honolulu's 3 regions. The other regions are: Hawaii Kai and Diamond Head Region. If you are interested in searching the entire city of Honolulu, then visit our Honolulu homes for sale page.

Being the most urbanized part of Honolulu, that can limit your choices somewhat. Some Metro Honolulu neighborhoods, like Ala Moana, Waikiki and Kakaako are today almost exclusively condos. However, there are some great options for single-family homes in the Metro region.

A perfect example are the homes in the Nuuanu nei  ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 24, 2025.Information is deemed reliable but not guaranteed.
Other Metro Honolulu Homes
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$1,999,000
816 Lopez Lane
12 Bds | 6 Ba
5,079 ft²
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$1,988,000
1689 Lewalani Dr
4 Bds | 3 Ba
2,424 ft²
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$1,988,000
1689A Lewalani Dr
4 Bds | 3 Ba
2,424 ft²
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$1,950,000
2897 Kalawao St#61
4 Bds | 3.5 Ba
2,356 ft²
Other Honolulu Homes
Diamond Head Region
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$1,998,000
4101 Black Point Rd
2 Bds | 1 Ba
990 ft²
Hawaii Kai
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$1,998,000
947 Uwao St#C
4 Bds | 3.5 Ba
1,939 ft²
Palolo
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$1,990,000
1423 Mokuna Pl
7 Bds | 5 Ba
3,029 ft²
St. Louis Heights
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$1,950,000
2640 Peter St
6 Bds | 5 Ba
2,936 ft²
Kapahulu
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$1,950,000
2724 Date St
10 Bds | 4 Ba
2,624 ft²
Hawaii Kai
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$2,089,000
315 Hanakoa St
5 Bds | 4 Ba
3,053 ft²
  • Asking Price: $1,999,000
Description
Investment Opportunity in Desirable Kapahulu! This multi-family property sits on a large, level 7,036 sq ft lot with ample parking for 8+ vehicles, offering tremendous potential for the savvy investor or builder. The existing structure features 3 separate units—two 2-bedroom, 1-bath units upstairs and a 4-bedroom, 2-bath unit downstairs. The downstairs area has the potential to be split into two additional 2-bedroom, 1-bath units, perfect for rental income.The dwelling is in need of updates, but the A-2 zoning opens up exciting possibilities, including the potential to build an apartment complex—investors can explore maximizing this lot’s value.Conveniently located near parks, golf courses, shops, restaurants, and with easy access to beaches and town, this property is an ideal spot for future development or as a rental property. The property is vacant, making it a fantastic opportunity for someone looking to remodel, rent out the units, or capitalize on the land value.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 24, 2025.Information is deemed reliable but not guaranteed.
    • Feb 13, 2025 Listed at $1,999,000
    Note: This page displays all real estate for sale in Metro Honolulu, which is 1 of Honolulu's 3 regions. The other regions are: Hawaii Kai and Diamond Head Region. If you are interested in searching the entire city of Honolulu, then visit our Honolulu homes for sale page.

    Being the most urbanized part of Honolulu, that can limit your choices somewhat. Some Metro Honolulu neighborhoods, like Ala Moana, Waikiki and Kakaako are today almost exclusively condos. However, there are some great options for single-family homes in the Metro region.

    A perfect example are the homes in the Nuuanu nei  ..... Read more.
    Other Metro Honolulu Homes
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    $1,999,000
    816 Lopez Lane
    12 Bds | 6 Ba
    5,079 ft²
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    $1,988,000
    1689 Lewalani Dr
    4 Bds | 3 Ba
    2,424 ft²
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    $1,988,000
    1689A Lewalani Dr
    4 Bds | 3 Ba
    2,424 ft²
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    $1,950,000
    2897 Kalawao St#61
    4 Bds | 3.5 Ba
    2,356 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.