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1550 Davenport Pl 4 Unit Apartment Building Offered at $2,995,000 Honolulu, HI 96822



Investment Highlights
- Well Maintained Property
- Minutes to Downtown
- Parking & Storage
Executive Summary
Rare Makiki Investment – Two Duplexes, One TMK, Four Units. Exceptional opportunity to acquire two well-maintained duplexes at 1550 & 1552 Davenport Place in highly desirable Makiki. Built in 2007 and meticulously maintained since, the property offers approximately 4,988 sq. ft. of living area across four units, each on a separate electric meter. Two upstairs 4-bedroom/2-bath units (1,321 sq. ft. each) feature hardwood floors, granite kitchen counters, and 2-car garages. Two downstairs 3-bedroom/2-bath units (1,167 sq. ft. each) offer laminate flooring, granite counters, and tandem uncovered parking. All units have individual washers and dryers. Quality construction throughout: concrete foundations, wood framing with stucco exteriors, composition shingle roofs, copper gutters, and heavy sound insulation between floors. Ideal for investors or owner-occupants — live in one unit and let the other three generate income. Minutes to freeway access, Ala Moana Center, shopping, dining, and schools. Excellent condition; sold "As Is."
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,600
|
$17.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,600
|
$17.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,753
|
$7.26
|
| Net Operating Income |
$46,847
|
$9.78
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $81,600 |
| Annual Per SF | $17.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,600 |
| Annual Per SF | $17.04 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,753 |
| Annual Per SF | $7.26 |
| Net Operating Income | |
|---|---|
| Annual | $46,847 |
| Annual Per SF | $9.78 |
Property Facts
| Price | $2,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $748,750 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 4,788 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Zoning | A-2 - Medium-Density Apartment District | ||
| Price | $2,995,000 |
| Price Per Unit | $748,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.13 AC |
| Building Size | 4,788 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | A-2 - Medium-Density Apartment District |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
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Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
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Videos
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Photos
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Street
Map
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1550 Davenport Pl
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