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.
Closed
$3,700,000
437 Namahana St, Honolulu, HI 96815
--beds
0baths
6,067sqft
Multi Family
Built in 1966
-- sqft lot
$3,601,400 Zestimate®
$610/sqft
$2,083 Estimated rent
Home value
$3,601,400
$3.31M - $3.89M
$2,083/mo
Zestimate® history
Owner options
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$2,083/mo
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$2,083/mo
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$16,506/mo
Est. payment
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$16,506/mo
Est. payment
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Parking stalls
Zillow last checked:
Listing updated:
Listed by:
Michael M Okamoto 808-208-8107,
Standard Management LLC
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202415757
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 6,067
- Total interior livable area: 6,067 sqft
Property
Parking
- Total spaces: 6
- Parking features: Covered
Features
- Levels: Three Or More
- Has view: Yes
- View description: None
- Frontage type: Other
Lot
- Features: Other, Level
- Topography: Level
Details
- Parcel number: 1260160550000
- Zoning description: X2 - Apartment Precinct
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile
Condition
- Average Condition,Good Condition
- Year built: 1966
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Waikiki
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $610/sqft
- Tax assessed value: $2,030,500
- Annual tax amount: $7,104
- Date on market: 7/9/2024
- Total actual rent: 14700
- Tenant pays: Cable TV, Electricity, Other, Parking Fee
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $3,700,000-7.5%$610/sqft |
Source:  HiCentral MLS #202415757 Report a problem | ||
| 2/20/2025 | Contingent | $4,000,000$659/sqft |
Source: HiCentral MLS #202415757 Report a problem | ||
| 1/29/2025 | Listing removed | $1,550 |
Source: Zillow Rentals Report a problem | ||
| 1/21/2025 | Listed for rent | $1,550+55% |
Source: Zillow Rentals Report a problem | ||
| 7/9/2024 | Listed for sale | $4,000,000+751.1%$659/sqft |
Source: HiCentral MLS #202415757 Report a problem | ||
| 11/9/2011 | Sold | $470,000$77/sqft |
Source: Public Record Report a problem | ||
| 8/12/2011 | Listing removed | $1,000 |
Source: Hawaiian Joy #1109153 Report a problem | ||
| 7/29/2011 | Listed for rent | $1,000 |
Source: Hawaiian Joy #1109153 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,105 0% | $2,030,000 0% |
| 2024 | $7,107 +1.2% | $2,030,500 +1.2% |
| 2023 | $7,026 +3.7% | $2,007,300 +3.7% |
| 2022 | $6,773 -1% | $1,935,200 -1% |
| 2021 | $6,844 +3.2% | $1,955,300 +3.2% |
| 2020 | $6,634 +2.6% | $1,895,300 +2.6% |
| 2019 | $6,465 +1.3% | $1,847,100 +1.3% |
| 2018 | $6,381 +2.7% | $1,823,200 +2.7% |
| 2017 | $6,211 +6.8% | $1,774,600 +6.8% |
| 2016 | $5,816 +6.6% | $1,661,700 +6.6% |
| 2015 | $5,455 | $1,558,700 +3.2% |
| 2014 | -- | $1,509,900 |
Find assessor info on the county website
Neighborhood: Waikiki
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Nearby schools
GreatSchools rating
- 3/10Ala Wai Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Ala Wai
- Middle: Washington
- High: Mckinley
Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Hawaii
- Honolulu County
- Honolulu
- 96815
- Waikiki
- 437 Namahana St
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