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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.


199 Results Days on Site (new to old)
7
$99,000 For Sale
417 Nohonani Street #310
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
558 sq ft; lot: 15594 sq ft lot
8
$115,000 For Sale
417 Nohonani Street #302
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
558 sq ft; lot: 15594 sq ft lot
22
$328,000 New For Sale
1860 Ala Moana Boulevard #1508
Honolulu, HI 96815
2 beds, 2 baths | Condo/Townhouse
1,304 sq ft; lot: 0.99 acres
9
$219,000 New For Sale
1571 Piikoi Street #405
Honolulu, HI 96822
2 beds, 1 full, 1 partial baths | Condo/Townhouse
812 sq ft; lot: 0.669 acres
0
$175 New For Sale
931 University Avenue #306
Honolulu, HI 96826
1 bed, 1 bath | Condo/Townhouse
642 sq ft; lot: 0.81 acres
0
$250,000 New For Sale
1778 Ala Moana Boulevard #4103
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
683 sq ft; lot: 1.939 acres
25
$108,000 New For Sale
425 Ena Road #608A
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
600 sq ft
Open House Sunday Jul 21, 2pm–5pm
16
$225,000 New For Sale
2947 Kalakaua Avenue #902
Honolulu, HI 96815
1 bath | Condo/Townhouse
333 sq ft
Open House Sunday Jul 21, 2pm–5pm
18
$424,999 New For Sale
1860 Ala Moana Boulevard #1600
Honolulu, HI 96815
2 beds, 2 baths | Condo/Townhouse
1,557 sq ft
Open House Sunday Jul 21, 2pm–5pm
25
$108,000 New For Sale
1920 Ala Moana Boulevard #1815
Honolulu, HI 96815
1 bath | Condo/Townhouse
258 sq ft; lot: 15551 sq ft lot
Listings 1-10 out of 199 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

I have been selling and buying properties in Canada, Hawaii and Japan for nearly 40 homes and found out Mr. Mike Bates is one of the best and I call him the king of real estate in Hawaii. I will keep asking him to buy and sell properties in the future for sure!

Thank you very much Mike for your great services and hard working manner for me in the past, present and future.
Yuji - April 2019
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
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