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.
Active
$3,180,000
1039 Wong Ln, Honolulu, HI 96817
--beds
0baths
--sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$3,112,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 15 days
- on Zillow |
- 182 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 07:12pm
Listed by:
Vincent Lao 808-382-6871,
Five Star Realty, Inc.,
Michael L Vuong 808-220-3093,
Five Star Realty, Inc.
Source: HiCentral MLS,MLS#: 202512903

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: In Unit
Property
Parking
- Total spaces: 16
- Parking features: Covered, Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: None
Lot
- Features: Cleared, Level
- Topography: Level
Details
- Parcel number: 1160070620000
- Zoning description: 05 - R-5 Residential District
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Single Wall, Wood Frame
Condition
- Average Condition,Good Condition
- Year built: 1953
- Major remodel year: 1965
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Kapalama
Location
- Region: Honolulu
Financial & listing details
- Tax assessed value: $2,639,100
- Annual tax amount: $9,236
- Date on market: 5/28/2025
- Total actual rent: 14654
- Tenant pays: Air Conditioning, Cable TV, Electricity, Other
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