Active

$18,500,000

412 Launiu St, Honolulu, HI 96815

--beds

0baths

30,663sqft

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Multi Family

Built in 1971

-- sqft lot

$-- Zestimate^®

$603/sqft

$-- HOA

What's special

This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.

130 days

507

17

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Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Cooling

Central Air

Appliances

Included: Dryer, Washer
Laundry: Coin-operated

Interior area

Total structure area: 30,663
Total interior livable area: 30,663 sqft

Property

Parking

Total spaces: 36
Parking features: Assigned

Features

Levels: Three Or More
Has view: Yes
View description: City

Lot

Features: Cleared, Level
Topography: Level

Details

Parcel number: 1260170220000
Zoning description: X2 - Apartment Precinct
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Concrete

Condition

Good Condition
Year built: 1971

Utilities & green energy

Sewer: Connected
Water: Public
Utilities for property: Cable Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Community & HOA

Community

Subdivision: Waikiki

Location

Region: Honolulu

Financial & listing details

Price per square foot: $603/sqft
Tax assessed value: $7,276,800
Annual tax amount: $25,464
Date on market: 2/26/2026
Total actual rent: 82000
Tenant pays: Cable TV, Other

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/26/2026	Listed for sale	$18,500,000$603/sqft
Source: HiCentral MLS #202604570 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$23,772 +1.4%	$6,791,900 +1.4%
2024	$23,440 +2.3%	$6,697,100 +2.3%
2023	$22,905 +8.8%	$6,544,200 +8.8%
2022	$21,054	$6,015,400 -2.6%
2021	--	$6,173,800 +0.3%
2020	$21,542 +0.6%	$6,154,800 +0.6%
2019	$21,413 +2.7%	$6,118,000 +2.7%
2018	$20,859 -6.8%	$5,959,800 -6.8%
2017	$22,373 +3.7%	$6,392,400 +3.7%
2016	$21,581 +9.5%	$6,166,100 +9.5%
2015	$19,702	$5,629,100 +3.4%
2014	--	$5,442,800

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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