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    1039 Wong Ln Honolulu, HI 96817

    Sponsored
    For Sale
    $2,800,000

    MULTI_FAMILY - Honolulu, HI

    Days on Market:
    25
    Last Refresh:
    Jan 8 at 5:06 am

    Property Features for 1039 Wong Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1-1-6-007-062-0000
    Parking
    16
    Parking features
    Covered, Open

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    8
    Building materials
    Single Wall, Wood Frame

    Five Star Realty Inc (808) 382-6871 [email protected]

    Listing agent Vincent Lao (808) 382-6871 License #RB-18181

    Listing date Dec 15, 2025

    MLS# 202526036 Listing URL

    Copyright © 2026 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Honolulu Multifamily Investment Opportunity

    This income-producing property in Honolulu presents an excellent investment opportunity, suitable for investors aiming to initiate or grow their real estate holdings. The property comprises eight detached homes, identified as addresses 1039A to 1039H, situated on a level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes. Each unit is equipped with a separate electric meter, enabling tenants to manage their utility expenses. The property is located near Chinatown, Downtown, Lanakila Health Center, shopping centers, and major bus lines. One unit (Unit F) has been renovated, with opportunities to renovate other units. The property is being sold in "As Is" condition. The lot size may offer future development or expansion potential (buyer to verify). Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.864817
    Latitude
    21.32567

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing property with eight detached homes on a large lot.
    Where is this multifamily property located?
    The property is located at 1039 Wong Ln Honolulu, HI.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - 5% net operating income (NOI) provides immediate cash flow and investment return.; - Eight detached homes on a large 21,290 sq ft lot offer scale and flexibility.; - Prime location near Chinatown, Downtown, Lanakila Health Center, shopping, and bus lines ensures high rental demand.
    (808) 382-6871
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    1039 Wong Ln Honolulu, HI 96817
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    Honolulu, HI 96817
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1039 Wong Ln Honolulu, HI 96817
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