1039 Wong Lane
Honolulu, HI 96817
Map
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1953 build
- – on site
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.
Last checked:
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Last updated May 29, 2025
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MLS# 202512903 —
The Building
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Year Built:1953
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Construction Materials:SingleWall,WoodFrame
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Structure Type:MultiFamily
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Stories:1
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Levels:One
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# of Units Total:8
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Year Built:1965
Interior
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Laundry Features:InUnit
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:AverageCondition,GoodCondition
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Lot Size Area:21290.0
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Lot Features:Cleared,Level
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Zoning Description:05 - R-5 Residential District
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Parcel Number:1-1-6-007-062-0000
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Topography:Level
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 382-6871
- Office phone:
- (808) 382-6871
Taxes
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Tax Annual Amount:9236.76
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Tax Assessed Value:2639100
Utilities
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Utilities:AboveGroundUtilities,ElectricityAvailable,HighSpeedInternetAvailable,WaterAvailable,SewerConnected
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Sewer:Connected
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Water Source:Public
The Community
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Subdivision Name:KAPALAMA
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Community Features:None
Parking
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Parking Total:16.0
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Parking Features:Covered,Open
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Open Parking:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/28/25
May 28, 2025
|
Listed / Active | HI_CENTRAL_MLS | $3,180,000 |
