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Mike Bates

Mike Bates

REALTOR®-Associate
808-548-1220
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Leasehold Condos

Hawaii leasehold condos and townhomes for sale

Here are some condos and townhomes throughout Oahu that are leasehold properties.  Please bear in mind, leasehold property owners pay lease rent in addition to their mortgage and taxes.  Lease terms must be longer than the mortgage, e.g. a lease must have 30+ years left for a buyer to obtain a 30 year mortgage on the property.  See our Hawaii leasehold property guide for more information.

Leasehold condos and townhomes usually have lower initial purchase prices

When you see a listing with a price that's too good to be true, it's probably leasehold.  Leasehold properties can be bargains, but they just aren't as cheap as they appear.  For example, a 2-bedroom condo may be listed for $50,000, while comparable properties are listed for $300,000.  You can be sure that (for $50,000) it's leasehold.  And either the lease is nearly expired or the lease rent is very high (or both).  Some properties have lease rents of $20 per month, others have lease rents of $1,000 per month! And then there are maintenance fees on top of that.

Leasehold properties are harder to obtain financing on.  In other words, buyers with no downpayment and poor credit may have a hard time buying leasehold.  Buyers with CASH will have an easier time buying leasehold and everything else.

View all Oahu leasehold condo and townhome listings

This is a sample of the properties available.  Please fill out our contact form to see more leasehold property listings.


193 Results Days on Site (new to old)
14
$288,000 New For Sale
1778 Ala Moana Boulevard #2203
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
769 sq ft; lot: 1.939 acres
0
$299,000 New For Sale
1860 Ala Moana Boulevard #804
Honolulu, HI 96815
2 beds, 2 baths | Condo/Townhouse
1,304 sq ft; lot: 0.99 acres
13
$169,500 New For Sale
2240 Kuhio Avenue #1402
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
516 sq ft; lot: 1.074 acres
10
$154,800 New For Sale
2888 Ala Ilima Street #1110
Honolulu, HI 96818
1 bath | Condo/Townhouse
300 sq ft; lot: 1.151 acres
15
$159,900 New For Sale
2452 Tusitala Street #1009
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
667 sq ft; lot: 0.694 acres
8
$399,000 New For Sale
1088 Bishop Street #1224
Honolulu, HI 96813
1 bed, 1 full, 1 partial baths | Condo/Townhouse
1,938 sq ft
13
$99,000 New For Sale
423 Kaiolu Street #103
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
564 sq ft; lot: 9322 sq ft
13
$99,000 New For Sale
423 Kaiolu Street #106
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
420 sq ft; lot: 9322 sq ft
Open House Sunday Jan 20, 2pm–5pm
21
$240,000 New For Sale
400 Hobron Lane #802
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
694 sq ft; lot: 2.404 acres
7
$40,000 New For Sale
1188 Bishop Street #1007
Honolulu, HI 96813
1 bath | Condo/Townhouse
436 sq ft; lot: 0.732 acres
Listings 1-10 out of 193 Previous 1 2 3 4 5 Next

Mike Bates
Realtor Associate
RS-54129
Century 21 iProperties Hawaii

1585 Kapiolani Blvd #1533
Honolulu, HI 96814
Phone: 808-548-1220
Email: hawaiihomes1@gmail.com

Testimonials

Mike was awesome. He was very patient and understanding with us. There were times where we just wanted to put things on hold due to the frustration however Mike stuck in with us. We truly appreciate all that he has done for us and will definitely recommend hom to any family or friends that are looking to buy a home. Alton and Janeen K. - August 2018
Excellent customer service! We bought and sold our home with Mike, he is the best realtor in Hawaii. Jerry and Candace G. - July 2018
I was nervous as a first time home buyer, but Mike handled it really well. He was willing to work with our budget and what we need in our first investment property. I would highly recommend him. Jenny C.
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