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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.


190 Results Days on Site (new to old)
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
6
$99,000 For Sale
417 Nohonani Street #310
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
558 sq ft; lot: 15594 sq ft
8
$260,000 New For Sale
1778 Ala Moana Boulevard #2107
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
769 sq ft; lot: 1.939 acres
21
$799,900 New For Sale
55 S Judd Street #P5
Honolulu, HI 96817
1 bed, 2 baths | Condo/Townhouse
1,978 sq ft; lot: 1.189 acres
11
$450,000 New For Sale
1778 Ala Moana Boulevard #2604
Honolulu, HI 96815
2 beds, 2 baths | Condo/Townhouse
1,003 sq ft; lot: 1.939 acres
15
$334,900 New For Sale
3138 Waialae Avenue #118
Honolulu, HI 96816
2 beds, 2 baths | Condo/Townhouse
1,154 sq ft; lot: 7.438 acres
21
$170,000 New For Sale
1778 Ala Moana Boulevard #1413
Honolulu, HI 96815
1 bed, 1 bath | Condo/Townhouse
769 sq ft; lot: 1.939 acres
21
$188,000 New For Sale
1778 Ala Moana Boulevard #2015
Honolulu, HI 96815
1 bath | Condo/Townhouse
464 sq ft; lot: 1.939 acres
6
$88,000 New For Sale
1134 Kinau Street #1004
Honolulu, HI 96814
1 bed, 1 bath | Condo/Townhouse
467 sq ft; lot: 18731 sq ft
11
$329,681 New For Sale
1535 Pensacola Street #907
Honolulu, HI 96822
2 beds, 1 bath | Condo/Townhouse
665 sq ft
Listings 1-10 out of 190 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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