Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202512903 $3,180,000
Bedrooms with 0 Baths1039 WONG LANE
HONOLULU HI 96817MLS: 202512903
Status: ACTIVE
List Price: $3,180,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1953
Zip Code: 96817
Listing Remarks
Excellent investment opportunity in Honolulu — ideal for investors looking to start or expand their real estate portfolio. This income-producing property features eight detached homes (addresses 1039A to 1039H) situated on a large, level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes, offering broad rental appeal. Each unit has a separate electric meter, allowing tenants to cover their own utilities and minimizing operating expenses for the owner. Located near Chinatown, Downtown Honolulu, Lanakila Health Center, shopping centers, and major bus lines, the property benefits from high rental demand and strong occupancy potential. One unit (Unit F) has already been renovated with the opportunity to improve other units over time and boost rental income. This is a cash-flowing asset with long-term appreciation potential. The lot size may also offer future development or expansion potential (buyer to verify). Rarely does a property with this scale, flexibility, and location come to market. Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment. Property to be sold in “As Is” condition.
Address: 1039 WONG LANE HONOLULU HI 96817
Listing Courtesy of FIVE STAR REALTY, INC.
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2025-05-28 AREA: METRO YEAR BUILT: 1953 TAXES: $9,237 CONSTRUCTION: SingleWall, WoodFrame COMMUNITY FEATURES: None LAUNDRY FEATURES: InUnit LOT FEATURES: Cleared, Level PARKING FEATURES: Covered, Open PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 8 VIEW: None LISTING AGENT: VINCENT LAO LISTING OFFICE: FIVE STAR REALTY, INC. LISTING CONTACT: (808) 382-6871
Estimated Monthly Payments
List Price: $3,180,000 20% Down Payment: $636,000 Loan Amount: $2,544,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $16,080 Estimate does not include taxes, fees, insurance.
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Property Location: 1039 WONG LANE HONOLULU HI 96817
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2025-06-01