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$2,800,000
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Property Description
Excellent investment opportunity in Honolulu with NOI of 5%, 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, 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.
Full Property Details
Full Property Details for 1039 Wong Ln
General
- Price: $2,800,000
- Taxes: $9,261
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202526036
- Updated: 12/15/2025
- Added to Site: 33 day(s) ago
Rental Information
- Complex Features: None
Parking
- Total Spaces: 16
- Parking Features: Covered, Open
Location
- Area: Metro
- County: Oahu
- Subdivision: KAPALAMA
Utilities
- Sewer: Connected
- Water: Public
- Utility Description: Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Single Wall, Wood Frame
- Stories/Levels: 1
- Year Built: 1953
- Property Condition: Average Condition, Good Condition
Lot Features
- Lot Size: 21290
- Topography: Level
- Lot Features: Cleared, Level
- Zoning: 05 - R-5 Residential District
Financial Considerations
- Operating Expenses: $37,584
- Assessment Amount: $2,646,000
- Tax Amount: $9,261
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: None
- Disclosures/Rstr.: None
- Property ID: 1-1-6-007-062-0000
Listed by Five Star Realty, Inc.
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Price & Sales History for 1039 Wong Ln
Date
Details
Price
Change
Source
12/15/2025
Listed
$2,800,000
61.1%
MLS
6/25/2014
Sold
$1,738,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1039 Wong Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,237
1%
$2,646,000
—
2023
$9,188
22%
$2,639,100
1%
2022
$7,561
1%
$2,625,200
22%
2021
$7,452
—
$2,160,200
1%
2021
$7,452
—
$2,129,100
-2%
2021
$7,452
13%
$2,176,400
16%
2018
$6,588
-16%
$1,882,400
-16%
2017
$7,830
1%
$2,237,000
1%
2016
$7,789
—
$2,225,400
—
2019
$7,814
-8%
$2,232,700
-8%
2015
$8,537
65%
$2,439,100
44%
2013
$5,171
—
$1,699,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1039 Wong Ln
1039 Wong Lane, Honolulu, HI 96817 (MLS# 202526036) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 1039 Wong Lane is currently listed for $2,800,000 and was received on December 15, 2025. Want to learn more about 1039 Wong Lane? Do you have questions about finding other Multi-Family real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

