Homes for sale - 1039 Wong LN, Honolulu, HI 96817

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Listed by Five Star Realty, Inc.

$ 2,800,000

Est. payment | -/mo

Save

$ 2,800,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Kapalama

MLS Listing ID 202526036

Construction Status Average Condition,Good Condition

HOA Y/N No

Year Built 1953

Annual Tax Amount $9,261

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity in Honolulu with NOI of 5%, ideal for investors looking to start or expand their real estate portfolio. This income-producing property features eight detached homes (addresses 1039A to 1039H) situated on a large, level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes, offering broad rental appeal. Each unit has a separate electric meter, allowing tenants to cover their own utilities and minimizing operating expenses for the owner. Located near Chinatown, Downtown, Lanakila Health Center, shopping centers, and major bus lines, the property benefits from high rental demand and strong occupancy potential. One unit (Unit F) has already been renovated with the opportunity to improve other units over time and boost rental income. This is a cash-flowing asset with long-term appreciation potential. The lot size may also offer future development or expansion potential (buyer to verify). Rarely does a property with this scale, flexibility, and location come to market. Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment. Property to be sold in “As Is” condition.

Location

State HI

County Oahu

Area Metro

Interior

Fireplace No

Exterior

Parking Features Covered, Open

Community Features None

Utilities Available Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected

View Y/N No

View None

Total Parking Spaces 16

Building

Lot Description Cleared, Level

Dwelling Type Multi Family

Entry Level One

Sewer Connected

Water Public

Level or Stories One

Construction Status Average Condition,Good Condition

Others

Tax ID 1-1-6-007-062-0000

Special Listing Condition None

Need more details? Let's connect!

Gavin Ishikawa

Principal Broker | License ID: RB-24500

+1(808) 347-1859 | montagerealtyhawaii@gmail.com

1039 Wong LN Honolulu, HI 96817