Date
Details
Price
Change
Source
11/10/2026
Listed
$13,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
$13,500,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
Property Description
An exceptional redevelopment opportunity to acquire the Tong Fat Co. building at 425 N. King Street, located just west of Honolulu's Central Business District and Chinatown. Offered at $13,500,000, the property occupies approximately 32,526 square feet of BMX-3 zoned land with 29,568 square feet of existing building area. The current improvements comprise 10 retail spaces, 42 rooming units, and 14 two-bedroom/one-bathroom apartments, complemented by 38 parking stalls. The opportunity aligns with the broader vision of the City and County of Honolulu's ongoing Kuwili Station Transit-Oriented Development Redevelopment Area Master Planning initiative, which seeks to advance a connected, mixed-use district through coordinated housing, transportation, infrastructure, and public space improvements. With its substantial land area, proximity to planned rail transit, and convenient access to Downtown Honolulu and Chinatown, the Tong Fat Co. building presents an opportunity to participate in the long-term transformation of the Iwilei-Kuwili neighborhood.
Full Property Details
Full Property Details for 425 N King St
General
- Price: $13,500,000
- Taxes: $93,396
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202619776
- Updated: 11/10/2026
- Added to Site: 1 day(s) ago
Rental Information
- Complex Features: None, Other
Parking
- Total Spaces: 38
- Parking Features: Open
Location
- Area: Metro
- County: Oahu
- Subdivision: DILLINGHAM
School Information
- Elementary School: Kaiulani
- Middle School: Keelikolani
- High School: Farrington
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Duplex, Multi Family
- Detached/Attached: Detached
- Construction: Masonry, Single Wall, Stucco
- Stories/Levels: 2
- Square Feet: 29,568
- Year Built: 1921
- Property Condition: Average Condition
Lot Features
- Lot Size: 32526
- Topography: Level
- Lot Features: Other, Level
- Zoning: 33 - BMX-3 Community Business M
Financial Considerations
- Operating Expenses: $298,987
- Assessment Amount: $7,532,200
- Tax Amount: $93,396
- Tenant Pays: Electricity
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Disclosures/Reports: 1031 Exchange
- Disclosures/Rstr.: 1031 Exchange
- Property ID: 1-1-5-007-003-0000
Listed by Excel Commercial Realty LLC
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 425 N King St —
Excel Commercial Realty LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 425 N King St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Princess Victoria Kaiulani Elementary School 783 North King Street, Honolulu, HI 96817 | PK-5 | 0.3 mi |
Princess Ruth Keelikolani Middle School 1302 Queen Emma Street, Honolulu, HI 96813 | 6-8 | 0.6 mi |
President William Mckinley High School 1039 South King Street, Honolulu, HI 96814 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 425 N King St
Tax History
Tax History for 425 N King St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$92,324
—
$7,532,200
1%
2025
$92,324
5%
$7,445,500
4%
2023
$88,247
5%
$7,158,900
1%
2022
$83,932
—
$7,116,700
5%
2022
$83,932
4%
$6,768,700
4%
2021
$80,744
—
$6,511,600
-2%
2021
$80,744
20%
$6,621,600
22%
2019
$67,444
26%
$5,439,000
26%
2018
$53,582
5%
$4,321,100
5%
2017
$50,902
—
$4,105,000
—
2016
$51,050
4%
$4,116,900
4%
2015
$48,990
4%
$3,950,800
5%
2013
$46,918
—
$3,774,100
—
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 425 N King St
425 N King Street, Honolulu, HI 96817 (MLS# 202619776) is a Multi-Family property with 66 units containing 0 bedrooms and 0 full bathrooms. 425 N King Street is currently listed for $13,500,000 and was received on November 10, 2026. Want to learn more about 425 N King Street? 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.