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MLS: 202616551 (Active - For Sale)
 
Asking Price: $1,785,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 1729 Malanai Street, Honolulu, HI
Neighborhood: Mccully
Land Area: 3,800 SF
Parking: Assigned,Covered,Open,Tandem
Days on Market: 17
Year Built: 1941
Zoning: 12 - A-2 Medium Density Apartme
Land Recorded: Land Court
Property Taxes: $337
Assessed Value: $1,161,900
Assessed Ratio: 153.63%
Listing Courtesy: Five Star Realty, Inc.
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All Multi-Family Homes For Sale in Mccully


The property features an attractive unit mix of 1 studio, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified tenant profile and broad rental appeal. Current scheduled rents total approximately $8,855/month, with estimated laundry income of $120/month, generating approximately $8,975 in total monthly income or $107,700 annually. Several units are currently rented below market, creating potential for future income growth as leases turn over and rents are adjusted. The property has 5 separate electric meters, allowing electricity to be individually metered for each unit and 1 water meter. Centrally located near McCully, Kalakaua Avenue, Waikiki, Ala Moana, Kapiolani Boulevard, shopping, dining, entertainment, employment centers, schools, parks, and public transportation. The convenient in-town location supports strong rental appeal and accessibility. Whether you’re an experienced multifamily investor expanding your portfolio or seeking an income-producing property with value-add and future rent-growth potential, this property is worth a closer look. Do not disturb tenants or walk onto the property without prior approval. All showings require prior notice and approval.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20200299502/12/202006/12/2020$1,250,000$1,150,000

 
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