For Sale: Rare Investment Opportunity – 20-Room Apartment + Liquor Store. Here’s your chance to own a high-demand, income-generating property in the heart of Central Oahu. This two-story apartment complex features 20 rentable rooms, designed for maximum occupancy and ideal for use as a boarding house or workforce housing. Each floor includes shared cooking areas and two bathrooms, keeping operating costs low and rental flexibility high. What truly sets this property apart is the standalone liquor retail store located at the front of the lot—a built-in revenue stream with high visibility and foot traffic. Steps away from bus stops, making transportation easy for tenants and customers. Close proximity to hospitals and medical offices, schools, and major shopping centers. High-traffic area with strong rental demand and commercial visibility. Whether you're an investor looking to maximize cash flow or a business owner seeking mixed-use potential, this unique property delivers. Seller is conducting 1031 Exchange.
Active
$2,400,000
729 Kinau St, Honolulu, HI 96813
--beds
0baths
3,648sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$2,330,500 Zestimate®
$658/sqft
$-- HOA
What's special
Shared cooking areas
- 7 days
- on Zillow |
- 40 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 13, 2025 at 04:30am
Listed by:
David Cordero 808-721-0700,
Pacific Century Realty,
Mary L Cordero 808-478-9688,
Pacific Century Realty
Source: HiCentral MLS,MLS#: 202514057

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Washer
- Laundry: Coin-operated
Interior area
- Total structure area: 3,648
- Total interior livable area: 3,648 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
- Frontage type: Other
Lot
- Features: Cleared, Other
- Topography: Terraced
Details
- Parcel number: 1210410190000
- Zoning description: 33 - BMX-3 Community Business M
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Single Wall
Condition
- Average Condition
- Year built: 1948
- Major remodel year: 1968
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Kapio/Kinau/Ward
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $658/sqft
- Tax assessed value: $2,045,500
- Annual tax amount: $24,732
- Date on market: 6/12/2025
- Total actual rent: 0
- Tenant pays: Electricity
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