1917 ALGAROBA ST, HONOLULU

1917 Algaroba St offers investors a rare opportunity to acquire a 26-unit apartment building in Honolulu's tightly held McCully-Mōʻiliʻili submarket — one of Oʻahu's most consistently in-demand rental neighborhoods, with strong walkability and easy access to Waikīkī, the University of Hawaiʻi at Mānoa, and the medical district anchored by Shriners Children's Hawaiʻi. The property is offered at $6,950,000 fee simple, with 13,215 SF of building area on a 14,400 SF A2-zoned lot.

The improvements consist of a three-story hollow tile concrete building plus two additional two-story buildings, providing a mix of unit types across the site.

The asset provides stable in-place cash flow with meaningful value-add potential through operational optimization and rental upside.

McCully-Mōʻiliʻili is a historically supply-constrained Honolulu rental submarket, bordered by Waikīkī and the Ala Wai Canal, with consistently strong tenant demand. The property carries a Walk Score of 98 ("Walker's Paradise"), a Bike Score of 99, and a Transit Score of 68, putting residents within easy reach of restaurants, grocery stores, bus lines, and the University of Hawaiʻi at Mānoa. Daniel K. Inouye International Airport is roughly a 16-minute drive.

Zoned A2, the 14,400 SF lot may offer redevelopment or density upside for a future owner. Combined with the property's in-place income and strong historical occupancy, 1917 Algaroba St presents both a stable cash-flowing asset today and meaningful long-term upside.