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54 Maluniu Avenue

Kailua, HI 96734

– beds
– baths
6,507 sqft
5,610 sqft lot
$905 per sqft
1965 build
– on site

This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. 5% cap rate on current income! The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.

Listing courtesy of HI_CENTRAL_MLS / Standard Management LLC

Last checked: Checking… • Last updated Apr 21, 2025 •

MLS# 202510044 —

The Building

Year Built:

1965
Construction Materials:

Masonry,Stucco
Structure Type:

Apartment,Other
Levels:

ThreeOrMore
Building Area Total:

6507.0
# of Units Total:

12
Year Built:

2023

Interior

Laundry Features:

InUnit

The Property

Property Type:

Residential
Property Subtype:

MultiFamily
Property Condition:

Excellent
Lot Size Area:

5610.0
Lot Features:

Cleared,Other,Level
Zoning Description:

32 - B-2 Community Business Dis
Parcel Number:

1-4-3-031-027-0000
Topography:

Level
View:

Mountains,None
View:

false
Frontage Type:

Other

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

27840.0
Tax Assessed Value:

2245600

The Listing

Virtual Tour URL Unbranded:

https://vimeo.com/1075869973

Heating & Cooling

Cooling:

CentralAir
Cooling:

true

Utilities

Utilities:

AboveGroundUtilities,ElectricityAvailable,HighSpeedInternetAvailable,SewerAvailable,WaterAvailable,SewerConnected
Sewer:

Connected

Appliances

Appliances:

Dryer,Washer

Schools

Elementary School:

Kailua
Middle Or Junior School:

Kailua
High School:

Kailua

The Community

Subdivision Name:

KALAMA/CNUT GROV
Community Features:

None,StorageFacilities

Parking

Parking Total:

7.0
Parking Features:

Assigned,Covered

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/21/25 Apr 21, 2025	Listed / Active	HI_CENTRAL_MLS	$5,890,000	77.7% (32.3% / YR)
11/25/22 Nov 25, 2022		HI_CENTRAL_MLS	$3,315,000

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This multifamily located in Ko'olaupoko, Kailua, HI 96734 is currently for sale for $5,890,000. 54 Maluniu Avenue is a 6,507 square foot multifamily with – beds and – baths that has been on Estately for 2 days. 54 Maluniu Avenue is in the Ko'olaupoko neighborhood of Kailua and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Kailua Intermediate School, Kalaheo High School, and Kailua Elementary School.

Listing Provided Courtesy of Standard Management LLC

Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.

The IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.

This site was last updated on 04/23/2025. All properties are subject to prior sale, changes, or withdrawal.