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

For Sale

5 months ago

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

MLS® 730091

20 Bed

25 Bath

6297 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 6297 sqft
Garage No
HOA Fees 
Taxes $45,961
Days Active 166
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
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2012
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 30, 2026List Date
$8,875,000List Price
  • Commute

Commute

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

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