RARE MULTI-FAMILY OPPORTUNITY in Waimalu, Pearl City! This exceptional LEVEL 12,903 sq ft R-5 zoned lot offers tremendous potential for investors and owner-occupants. Tucked away along Waimalu Stream, the property features privacy and multiple existing structures offering flexible living options. The front dwelling includes 3 bd/2ba plus bonus room w/wet bar and a separate rear structure offers 3bd/1ba, with an additional studio unit. This sprawling, level lot offers incredible flexibility to renovate, expand or reimagine to match your vision. Prime location near Waimalu shopping center, restaurants, freeway access, Pearlridge Center, Pearl Harbor, rail station and more! Property to be sold in AS IS condition. Bring your contractor and unlock the potential! First Open House on Sunday, 5/3 from 2pm to 5pm. VALUE priced well below tax assessed value. Approximate boundary lines are shown in red outline for illustrative purposes only. Property boundaries and any easements should be verified by Buyer.
Closed
$1,200,000
98-164 Pahemo St, Aiea, HI 96701
7beds
1,600sqft
Single Family Residence
Built in 1972
-- sqft lot
$1,200,400 Zestimate®
$750/sqft
$4,707 Estimated rent
Home value
$1,200,400
$1.14M - $1.26M
$4,707/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Will Tanaka 808-429-0341,
Koi Realty,
Leonie Lam 808-429-0341,
Koi Realty
Bought with:
Milly Lin, RS-79401
Five Star Realty, Inc.
Source: HiCentral MLS,MLS#: 202602044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Other
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: Three or more Spaces
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: None
- Frontage type: Canal
Lot
- Features: Flag Lot, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1980240630000
- Zoning description: 05 - R-5 Residential District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached,Multiplex
- Property subtype: Single Family Residence
Materials
- Single Wall
Condition
- Repairs Major,Tear Down / Value in Land
- New construction: No
- Year built: 1972
Utilities & green energy
- Utilities for property: Above Ground Utilities, Electricity Available, Other, Water Available
Community & HOA
Community
- Subdivision: Waimalu
Location
- Region: Aiea
Financial & listing details
- Price per square foot: $750/sqft
- Tax assessed value: $1,145,900
- Annual tax amount: $3,375
- Date on market: 4/30/2026
- Inclusions: None
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Sold | $1,200,000+20.1%$750/sqft |
Source:  HiCentral MLS #202602044 Report a problem | ||
| 5/5/2026 | Contingent | $999,000$624/sqft |
Source: HiCentral MLS #202602044 Report a problem | ||
| 5/1/2026 | Listed for sale | $999,000$624/sqft |
Source: HiCentral MLS #202602044 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,375 +5.1% | $1,124,300 +4.4% |
| 2024 | $3,211 -6.6% | $1,077,400 -4% |
| 2023 | $3,439 +17.7% | $1,122,600 +15.1% |
| 2022 | $2,923 +13.8% | $975,000 +11.6% |
| 2021 | $2,569 -0.5% | $874,000 -0.4% |
| 2020 | $2,581 -3.7% | $877,500 -0.9% |
| 2019 | $2,680 +4.5% | $885,700 +3.9% |
| 2018 | $2,564 +21.3% | $852,600 +17.7% |
| 2017 | $2,114 -11.3% | $724,100 -9.6% |
| 2016 | $2,384 -4.1% | $801,100 -3.5% |
| 2015 | $2,485 | $830,100 +8% |
| 2014 | -- | $768,700 +26.7% |
| 2013 | -- | $606,800 -1.6% |
| 2012 | -- | $616,800 +2.9% |
| 2011 | -- | $599,200 +5% |
| 2010 | -- | $570,600 -22.1% |
| 2009 | -- | $732,600 -3.4% |
| 2008 | -- | $758,700 +3.1% |
| 2007 | -- | $736,100 +5.5% |
| 2006 | -- | $697,600 +48.6% |
| 2004 | -- | $469,400 +34.2% |
| 2003 | $807 -4.2% | $349,700 +58.2% |
| 2002 | $842 | $221,100 -38.8% |
| 1999 | -- | $361,400 |
Find assessor info on the county website
Neighborhood: 96701
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Nearby schools
GreatSchools rating
- 6/10Waimalu Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 8/10Aiea Intermediate SchoolGrades: 7-8Distance: 1.8 mi
- 6/10Aiea High SchoolGrades: 9-12Distance: 1.4 mi
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- Hawaii
- Honolulu County
- Aiea
- 96701
- 98-164 Pahemo St
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