Rare Investment Opportunity! A 25-Room Apartment Building+ Liquor Store. Here’s your chance to own a high-demand,
income-generating property in a high traffic count area in the heart of Central Oahu. This two-story apartment complex features 25 rentable Studio /rooms, designed for maximum occupancy and ideal for use as a boarding house or workforce housing. Each of the two floor includes shared cooking areas and bathrooms, keeping operating costs low and rental flexibility high. What truly sets this property apart is the standalone liquor retail store located at the front of the lot—a built-in revenue stream with high visibility and foot traffic. Steps away from bus stops, making transportation easy for tenants and customers. Close proximity to Government Offices, Queens hospital, Straub Hospital, medical offices, schools, and major shopping centers. High-traffic area with strong rental demand and commercial visibility. Whether you're an investor looking to maximize cash flow or a business owner seeking mixed-use potential, this unique property delivers.
Active
$2,375,000
729 Kinau St, Honolulu, HI 96813
--beds
0baths
--sqft
Multi Family
Built in 1948
-- sqft lot
$2,321,600 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story apartment complexStandalone liquor retail storeShared cooking areas
- 67 days |
- 84 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
David Cordero 808-721-0700,
Pacific Century Realty,
Mary L Cordero 808-478-9688,
Pacific Century Realty
Source: HiCentral MLS,MLS#: 202608740
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Dryer, Washer
- Laundry: Coin-operated
Property
Parking
- Total spaces: 1
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
- Frontage type: Other
Lot
- Features: Cleared, Other, Level
- Topography: Level,Other,Terraced
Details
- Parcel number: 1210410190000
- Zoning description: 33 - BMX-3 Community Business M
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Wood Frame
Condition
- Average Condition
- Year built: 1948
- Major remodel year: 1968
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Septic Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Kapio/Kinau/Ward
Location
- Region: Honolulu
Financial & listing details
- Tax assessed value: $2,057,800
- Annual tax amount: $25,368
- Date on market: 5/1/2026
- Total actual rent: 28075
- Tenant pays: Other
Estimated market value
$2,321,600
$2.21M - $2.44M
$2,066/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Listed for sale | $2,375,000-1% |
Source: | ||
| 4/5/2026 | Listing removed | $2,400,000 |
Source: | ||
| 11/15/2025 | Listed for sale | $2,400,000 |
Source: | ||
| 10/8/2025 | Pending sale | $2,400,000 |
Source: | ||
| 6/13/2025 | Listed for sale | $2,400,000+9.1% |
Source: | ||
| 8/10/2022 | Listing removed | $2,199,500 |
Source: | ||
| 7/13/2022 | Listed for sale | $2,199,500+0.2% |
Source: | ||
| 7/5/2022 | Listing removed | $2,195,000 |
Source: | ||
| 5/31/2022 | Listed for sale | $2,195,000 |
Source: | ||
| 5/16/2022 | Listing removed | $2,195,000 |
Source: | ||
| 5/14/2022 | Listed for sale | $2,195,000 |
Source: | ||
| 4/7/2022 | Contingent | $2,195,000 |
Source: | ||
| 3/8/2022 | Listed for sale | $2,195,000 |
Source: | ||
| 12/27/2020 | Listing removed | $2,195,000 |
Source: | ||
| 6/26/2020 | Listed for sale | $2,195,000 |
Source: Island Prime Properties LLC #202014970 Report a problem | ||
| 5/3/2020 | Listing removed | $2,195,000 |
Source: Island Prime Properties LLC #201933461 Report a problem | ||
| 12/2/2019 | Price change | $2,195,000-0.2% |
Source: Island Prime Properties LLC #201933461 Report a problem | ||
| 11/4/2019 | Listed for sale | $2,199,000+174.9% |
Source: Island Prime Properties LLC #201930783 Report a problem | ||
| 6/28/2005 | Sold | $800,000+79900% |
Source: Public Record Report a problem | ||
| 10/11/2001 | Sold | $1,000-99.8% |
Source: Public Record Report a problem | ||
| 4/9/2001 | Sold | $405,000-5.8% |
Source: Public Record Report a problem | ||
| 10/26/2000 | Sold | $430,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,364 +2.6% | $2,045,500 +2.6% |
| 2024 | $24,727 +0.8% | $1,994,100 +0.8% |
| 2023 | $24,536 +5% | $1,978,700 +5% |
| 2022 | $23,359 -0.6% | $1,883,800 -0.6% |
| 2021 | $23,510 -0.5% | $1,896,000 -0.5% |
| 2020 | $23,639 +3.6% | $1,906,400 +3.6% |
| 2019 | $22,826 +4.2% | $1,840,800 +4.2% |
| 2018 | $21,915 +3% | $1,767,300 +3% |
| 2017 | $21,281 +19.3% | $1,716,200 +19.3% |
| 2016 | $17,835 +5.7% | $1,438,300 +5.7% |
| 2015 | $16,875 | $1,360,900 +5.2% |
| 2014 | -- | $1,293,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Kapio/Kinau/Ward
Nearby schools
GreatSchools rating
- 4/10Queen Kaahumanu Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Robert Louis Stevenson Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10President William Mckinley High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.




