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75-5749 Alahou Street, Kailua Kona, HI 96740

Kailua Kona
Local realty services provided by:CENTURY 21 Island Homes
75-5749 Alahou Street,Kailua Kona, HI 96740
$8,875,000
  • - Beds
  • - Baths
  • 19,097 sq. ft.
  • Multi-family
  • Active
Listed by: richard a wheelock
Office: pacific realty organization
MLS#:202609233
Source:HI_HBR

Price summary

  • Price:$8,875,000
  • Price per sq. ft.:$464.73

About this home

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...

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Home facts

  • Listing ID #:202609233
  • Added:4 day(s) ago
  • Updated:May 15, 2026 at 12:33 PM

Rooms and interior

  • Living area:19,097 sq. ft.

Structure and exterior

  • Building area:19,097 sq. ft.
  • Lot area:0.59 Acres
  • Lot Features:Corner Lot, Dead End, Irregular Lot, Rim Lot
  • Construction Materials:Double Wall, Hollow Tile, Wood Frame
  • Levels:2 Story

Schools

  • High school:Kealakehe
  • Middle school:Kealakehe
  • Elementary school:Kahakai

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$8,875,000
  • Price per sq. ft.:$464.73
  • Tax amount:$45,960

Features and amenities

  • Laundry features:In Unit

Parking

  • Total parking spaces:37
  • Parking description:Assigned
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on May 15, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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