733 Kihapai Place | Kihapai Apartments 733 Kihapai Place
Kailua, HI 96734
For Sale
8,394 sqft
Sale Price
$3,700,000
Brochure
Map
Multifamily For Sale - Available July 2026
Kihapai Apartments presents a rare opportunity to acquire a stabilized, 8-unit multi-family property in the core of Kailua Town
Unit Mix Features eight high-demand 2BR/1BA units (approx. 545 sq. ft. each), catering to the largest segment of the local rental market—young professionals and small families.
Kailua Town Location Boasts a “Moderately Walkable” score of 70/100, with residents just a 6-to-9-minute walk from Kailua Town Center and major anchors like Target, Whole Foods, Foodland, Longs Drug Store and financial institutions.
Stable Cash Flow The property is currently fully leased, benefiting from the robust demand driven by its world class beaches, quaint beach town vibe and proximity to Honolulu and major employers, Marine Corps Base Hawaii Marine Corps Base Hawaii (MCBH) (4.7 miles away) and Adventist Health Castle (1.5 miles away).
Off Street Parking Dedicated off-street parking, providing both tenant convenience.
High Barriers to Entry Extremely limited land for new development ensures long-term value preservation and low vacancy rates across all asset classes.
Affluent Resident Base Kailua boasts some of the highest household incomes in the State of Hawaii, with an average household income exceeding $165,000 within a one-mile radius of the town center (Alexander & Baldwin).
National Retailers The commercial core is anchored by major national brands including Whole Foods Market and Target, driving consistent daily traffic from both locals and visitors.
Tourism Synergy While primarily residential, Kailua attracts a high-spending “day-trip” tourist demographic drawn to its world famous beaches and quaint beach town with numerous specialty stores/boutiques, and restaurants.
Get in touch
James Shipman
Lic: RB-17830
Built in 1960 and situated at the end of a cul-de-sac, the property consists of eight (8) well-maintained 2-bedroom, 1-bathroom units. With a consistent history of 100% occupancy, this asset offers investors immediate cash flow with significant long-term appreciation potential in one of Hawaii’s most supply-constrained submarkets.
Kailua, Hawaii
Total Space Available
8,394 sqft
Sale Price
$3,700,000
Get in touch
James Shipman
Lic: RB-17830