1156 Alewa Drive, Honolulu, HI 96817 (MLS # 202604525)
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An extremely rare offering to acquire 3 fully detached residential dwellings, located on a single parcel in Honolulu. 2025 renovations increased rental income, lowered risk and maintenance costs. Ideal for an owner occupier to live in the main house and receive significant rental income from 2 improved rental units. Also ideal for 1031 exchange or investors seeking stable NOI coupled with long-term appreciation. Immediate rental income of $5,750/mo. incl. GET can offset mortgage payment, plus potential income of $3,400/mo. incl. GET from the 3rd home can generate a total of $9,150/mo. in rental income. Quiet setting with cool breezes, each house offers 2 bedrooms and 1 bathroom, separate electric meter, washer/dryer, private yard, remodeled kitchen, new appliances and flooring. Located on Alewa Drive, in a desirable neighborhood, just past Assets School. Amazing views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, convenient and secure exterior storage, and a large covered carport. Please do not disturb tenants or park in the driveway. A few photos have been virtually staged(enhanced).
| DAYS ON MARKET | 9 | LAST UPDATED | 3/12/2026 |
|---|---|---|---|
| TRACT | ALEWA HEIGHTS | YEAR BUILT | 1939 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Maemae |
|---|---|
| Jr. High School | Kawananakoa |
| High School | Mckinley |
| ADDITIONAL DETAILS | |
| AREA | Metro |
|---|---|
| LOT | 8052 acre(s) |
| LOT DESCRIPTION | Interior Lot, Irregular Lot, Level, Sloped |
| LOT DIMENSIONS | 8052 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Multiplex |
| SUBDIVISION | ALEWA HEIGHTS |
| TAXES | 4468.08 |
| UTILITIES | Electricity Available, Natural Gas Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Mountain(s), Ocean |
| WATER | Public |
| ZONING | 05 - R-5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with REMAX Hawaii
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 3/21/26 1:30 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 3/21/26 1:30 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2026.