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$3,700,000

  • Sold
  • Closed
  • Apartment
  • 6,067 Sq. Ft.
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Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition - they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property's overall value.

Full Property Details for 437 Namahana St

General

  • Sold For: $3,700,000
  • Taxes: $7,104
  • Status: Closed
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202415757
  • Added to Site: 591 day(s) ago

Rental Information

  • Complex Features: None

Rooms

Other Rooms

  • Laundry: Coin-operated

Parking

  • Total Spaces: 6
  • Parking Features: Covered

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: WAIKIKI

School Information

  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley

Utilities

  • Sewer: Connected
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Hollow Tile
  • Square Feet: 6,067
  • Year Built: 1966
  • Property Condition: Average Condition, Good Condition

Lot Features

  • Lot Size: 4500
  • Topography: Level
  • Lot Features: Other, Level
  • Zoning: X2 - Apartment Precinct

Financial Considerations

  • Lease Price: $400
  • Operating Expenses: $40,486
  • Assessment Amount: $2,030,500
  • Tax Amount: $7,104
  • Tenant Pays: Cable TV, Electricity, Other, Parking Fee

Disclosures and Reports

  • Special Conditions: None
  • Disclosures/Reports: Call Agent, None, See Remarks
  • Disclosures/Rstr.: Call Agent, None, See Remarks
  • Property ID: 1-2-6-016-055-0000

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— 437 Namahana St —

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NMLS#: 1598647

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Schools serving 437 Namahana St

School District:Hawaii Department of Education
NameGradesDistance
Ala Wai Elementary School
503 Kamoku Street, Honolulu, HI 96826
PK-50.2 mi
President George Washington Middle School
1633 South King Street, Honolulu, HI 96826
6-80.8 mi
Kaimuki High School
2705 Kaimuki Avenue, Honolulu, HI 96816
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 437 Namahana St

Date
Details
Price
Change
Source
4/30/2025
Sold
$3,700,000
-7.5%
MLS
7/09/2024
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Glen H. Fujihara (Lic#: RB-13662)
Sold by Tracy Allen (Lic#: RS-46610)

437 Namahana Street, Honolulu, HI 96815 (MLS# 202415757) is a Apartment property that was sold at $3,700,000 on April 30, 2025. This property was sold by So Young Cynn Lee from our Diamond Head - Kahala Office.Want to learn more about 437 Namahana Street? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.