USAHIKailua KonaLono - Kona Subdivision25-75-5749 Alahou St
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$8,875,000

For Sale

2 months ago

25 - 75-5749 Alahou St, Kailua Kona, HI

House

MLS® 730091

20 Bed

25 Bath

6297 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 6297 sqft
Garage 
Taxes $45,961
Days Active 52
Lot Size 
Approx. Age 2012
Avg. Price Per Sqft $1,409
MLS® Number 730091

Property Address: 25-75-5749 Alahou St, Kailua Kona, HI, 96740

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 is available.
MLS® Number730091
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2012
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C

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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