Impressive 8% CAP rate! Opportunity to own a multi-family property in an unbeatable location across from Iolani School. This property includes three single-story duplex buildings (6 units total), currently configured as three spacious 4-bedroom, 2-bath units- originally six (2-bed, 1-bath) units and easily convertible back for greater rental flexibility. Long-term tenants in place, and generating strong cash flow. Conveniently located near Waikiki Beach, Ala Moana, bus lines, and restaurants. *Some photos have been virtually decluttered
Closed
$2,468,000
726 Menehune Ln, Honolulu, HI 96826
--beds
0baths
3,572sqft
Duplex
Built in 1957
-- sqft lot
$2,470,200 Zestimate®
$691/sqft
$1,975 Estimated rent
Home value
$2,470,200
$2.32M - $2.62M
$1,975/mo
Zestimate® history
Owner options
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$11,010/mo
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List your homeWhat's special
Three single-story duplex buildings
Zillow last checked:
Listing updated:
Listed by:
Erik K Taniguchi 808-285-3422,
Keller Williams Honolulu
Bought with:
Tony Wang, RS-71744
Pacific Image Properties
Source: HiCentral MLS,MLS#: 202524362
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total structure area: 3,572
- Total interior livable area: 3,572 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Mountain(s), Sunrise
- Frontage type: Other
Lot
- Features: Interior Lot, Irregular Lot, Level
- Topography: Level
Details
- Parcel number: 1270230550000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Single Wall, Wood Frame
Condition
- Average Condition
- Year built: 1957
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Kapiolani
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $691/sqft
- Tax assessed value: $2,132,000
- Annual tax amount: $300
- Date on market: 10/27/2025
- Total actual rent: 18000
- Tenant pays: Cable TV, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Sold | $2,468,000-1.2%$691/sqft |
Source:  HiCentral MLS #202524362 Report a problem | ||
| 11/25/2025 | Contingent | $2,499,000$700/sqft |
Source: HiCentral MLS #202524362 Report a problem | ||
| 10/29/2025 | Price change | $2,499,000+48.8%$700/sqft |
Source: HiCentral MLS #202524362 Report a problem | ||
| 11/28/2021 | Pending sale | $1,680,000$470/sqft |
Source: HiCentral MLS #202124669 Report a problem | ||
| 11/2/2021 | Contingent | $1,680,000$470/sqft |
Source: HiCentral MLS #202124669 Report a problem | ||
| 10/25/2021 | Price change | $1,680,000-6.7%$470/sqft |
Source: HiCentral MLS #202124669 Report a problem | ||
| 9/26/2021 | Listed for sale | $1,800,000+147.2%$504/sqft |
Source: HiCentral MLS #202124669 Report a problem | ||
| 10/12/2007 | Sold | $728,120$204/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $300 | $2,132,000 +0.2% |
| 2024 | -- | $2,127,900 +6% |
| 2023 | -- | $2,008,000 +4.8% |
| 2022 | $6,704 +3.5% | $1,915,400 +3.5% |
| 2021 | $6,477 -11.5% | $1,850,600 -11.5% |
| 2020 | $7,315 +8% | $2,090,000 +8% |
| 2019 | $6,774 +21.2% | $1,935,300 +21.2% |
| 2018 | $5,590 +5.6% | $1,597,000 +5.6% |
| 2017 | $5,292 -11.5% | $1,511,900 -11.5% |
| 2016 | $5,982 +35.7% | $1,709,200 +35.7% |
| 2015 | $4,408 | $1,259,400 +5.2% |
| 2014 | -- | $1,196,600 |
Find assessor info on the county website
Neighborhood: Kapiolani
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Nearby schools
GreatSchools rating
- 3/10Ala Wai Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.2 mi
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$2,470,200
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+$49,404
With Zillow Showcase(estimated)
$2,519,604
- Hawaii
- Honolulu County
- Honolulu
- 96826
- Kapiolani
- 726 Menehune Ln
Nearby cities
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