437 Namahana Street, Honolulu, HI 96815
- $3,700,000
- Sold Price
- $3,700,000
- List Price
- $4,000,000
- Status
- CLOSED
- Type
- Multifamily
- MLS#
- 202415757
- Days on Market
- 295
- Closing Date
- Apr 30, 2025
- Land Area
- 4,500
- Year Built
- 1966
- Property Type
- Residential
- Neighborhood
- Waikiki
- Land Tenure
- FS - Fee Simple
Property Description
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
- View
- None
- Elementary School
- Ala Wai
- Middle School
- Washington
- High School
- Mckinley
- Lot Size
- 4,500
- Construction Materials
- Hollow Tile
- Neighborhood
- Waikiki
- Frontage
- Other
- Year Built
- 1966
- Sewer
- Connected
- Parking Features
- Covered
- Lot Features
- Other, Level
- Assessed Total
- 2030500
- Water
- Public
Mortgage Calculator
Listing courtesy of Standard Management LLC. Selling Office: Coldwell Banker Realty.
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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