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75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740
75-5749 Alahou St, Kailua Kona, HI 96740

75-5749 Alahou St Kailua Kona, HI 96740

$8,875,000

ACTIVE
Beds
Baths
0
Sqft
Acres
Year
Days on Site
3
Property Type
Residential
Sub Type
MultiFamily
Per Square Foot
$8,875,000
Date Listed
May 10, 2026

Description of 75-5749 Alahou St, Kailua Kona, HI 96740

Listing details for 75-5749 Alahou St, Kailua Kona, HI 96740 : 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 other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1
Listing Updated : 05-10-2026 at 1:32 PM HST
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2026-05-10. Information is deemed reliable but not guaranteed. Copyright 2026 HiCentral MLS, Ltd
Listing Provided By

Richard A Wheelock, (808) 753-3167, Pacific Realty Organization

Source

HiCentral MLS, MLS#: 202609233

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Contact
Talk Realty LLC
HOMES OAHU HOLDINGS LLC
Kyle Gephart, REALTOR®
License # RS-86752
Direct: 808.400.3710
Office: 808.400.8853

The real estate information on this website comes, in part, from the Internet Data Exchange (IDX) program. Listings may be displayed from brokerage firms other than Talk Realty and are identified by the IDX logo and the name of the listing brokerage.

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

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

Talk Realty | Kyle Gephart, REALTOR® (HI RS-86752)