75-5749 Alahou St #25, Kailua Kona, HI 96740 (MLS # 730091)
Twitter
Facebook
Email
|
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 is available.
| DAYS ON MARKET | 26 | LAST UPDATED | 5/10/2026 |
|---|---|---|---|
| TRACT | LONO - KONA SUBDIVISION | YEAR BUILT | 2012 |
| COUNTY | Hawaii | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Microwave, Range, Refrigerator, Washer/Dryer Stacked |
|---|---|
| LOT | 25855 acre(s) |
| LOT DESCRIPTION | Corner Lot, Gentle Sloping |
| LOT DIMENSIONS | 25855.0 |
| PARKING | Assigned |
| STORIES | Three Or More, Two |
| SUBDIVISION | LONO - KONA SUBDIVISION |
| TAXES | 45961.11 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Mountain(s) |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Minoo
Elison to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Pacific Realty Organization LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 5/25/26 1:29 PM 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 5/25/26 1:29 PM 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.