1039 Wong Lane, Honolulu, HI 96817
- $3,180,000
- List Price
- $3,180,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202512903
- Days on Market
- 86
- Land Area
- 21,290
- Year Built
- 1953
- Property Type
- Residential
- Neighborhood
- Kapalama
- Land Tenure
- FS - Fee Simple
Property Description
Excellent investment opportunity in Honolulu — 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 Honolulu, 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.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
- View
- None
- Lot Size
- 21,290
- Construction Materials
- Single Wall, Wood Frame
- Neighborhood
- Kapalama
- Year Built
- 1953
- Sewer
- Connected
- Parking Features
- Covered, Open
- Lot Features
- Cleared, Level
- Stories
- 1
- Assessed Total
- 2639100
- Water
- Public
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Listing courtesy of Five Star Realty, Inc..
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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