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1039 Wong Ln, Honolulu, HI, 96817
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1039 Wong Ln, Honolulu, HI 96817

$3,180,000 Multi-Family Home for sale 0 sqft Neighborhood:  Kapalama
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.
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Multi-family details

1953 year built
  • Year Built 1953
  • Year Remodeled 1965
  • Days on market 11
  • Address

    1039 Wong Ln, Honolulu, HI, 96817

  • Neighborhood Kapalama
  • Land tenure FS - Fee Simple
  • Land SqFt 21,290 sqft
  • View None

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$16,214
Taxes
$770
HOA dues
$0
$16,984 per month
Mortgage
Down payment
$636,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $16,214 / month

Neighborhood: Kapalama

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
11.5 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

8 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
8

Amenities & Features

16 parking places
Stories
One
Construction
Above Ground, Single Wall, Wood Frame
Utilities
Internet, Overhead Electricity, Public Water
Property Condition
Above Average, Average
Parking
Covered, Open
nr.of parking places
16
Amenities
None

Income

Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income

Kapalama prices

Average price $586.38k
Neighborhood average sales price*
$586.38k
Neighborhood median sales price*
$470.63k
Number or sales*
453
Street median sales price*
$350k
Median sale price Waikiki Grand Hotel*
$350k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
3
out of 10
Princess Miriam K Likelike Elementary School
1618 Palama St, Honolulu, HI 96817
Elementary School
0.091mi
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
Middle School
0.274mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
High School
0.403mi
School rating Distance
3
out of 10
Princess Miriam K Likelike Elementary School
1618 Palama St, Honolulu, HI 96817
0.091mi
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
0.274mi
9
out of 10
Lanakila Elementary School
717 North Kuakini St, Honolulu, HI 96817
0.285mi
6
out of 10
Princess Victoria Kaiulani Elementary School
783 North King St, Honolulu, HI 96817
0.337mi
5
out of 10
Kauluwela Elementary School
1486 Aala St, Honolulu, HI 96817
0.539mi
School rating Distance
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
0.274mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.403mi
NR
Academy Of The Pacific
913 Alewa Drive, Honolulu, HI 96817
0.742mi
6
out of 10
King David Kalakaua Middle School
821 Kalihi St, Honolulu, HI 96819
0.757mi
NR
Waolani Judd Nazarene School
408 Judd Street, Honolulu, HI 96817
0.81mi
School rating Distance
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.403mi
3
out of 10
Governor Wallace Rider Farrington High School
1564 North King St, Honolulu, HI 96817
0.672mi
NR
Academy Of The Pacific
913 Alewa Drive, Honolulu, HI 96817
0.742mi
NR
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd, Honolulu, HI 96817
0.905mi
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
0.975mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Cancelled Aug 22, 2023
Date Event Price $/sqft Source
Aug 22, 2023 Cancelled $3,500,000 0 MLS #202303633
Mar 3, 2023 New Listing $3,500,000 -2.51% 0 MLS #202303633
Aug 26, 2022 Cancelled $3,590,000 0 MLS #202201737
Jan 27, 2022 New Listing $3,590,000 +21.69% 0 MLS #202201737
Oct 20, 2021 Cancelled $2,950,000 0 MLS #202119273
Aug 4, 2021 Price Decrease $2,950,000 -15.71% 0 MLS #202119273
Jul 23, 2021 New Listing $3,500,000 0 MLS #202119273
May 2, 2021 Cancelled $3,500,000 0 MLS #202100023
Apr 14, 2021 Price Decrease $3,500,000 -6.67% 0 MLS #202100023
Jan 1, 2021 New Listing $3,750,000 0 MLS #202100023
Jan 1, 2021 Expired $3,750,000 0 MLS #202030299
Dec 1, 2020 New Listing $3,750,000 +33.93% 0 MLS #202030299
Aug 8, 2017 Cancelled $2,800,000 0 MLS #201713698
Jun 20, 2017 New Listing $2,800,000 +4.48% 0 MLS #201713698
Mar 10, 2016 Cancelled $2,680,000 0 MLS #201518363
Oct 6, 2015 New Listing $2,680,000 +54.2% 0 MLS #201518363
Jul 3, 2014 Sold $1,738,000 -7.06% from last sold price 0 Public Record
Jun 21, 2014 In Escrow - not showing $1,870,000 0 MLS #201405012
May 9, 2014 Active Under Contract $1,870,000 0 MLS #201405012
Mar 24, 2014 New Listing $1,870,000 +152.7% 0 MLS #201405012
Jul 3, 2003 Sold $740,000 0 Public Record
Jul 3, 2003 Price Decrease $740,000 -16.85% 0 MLS #2208353
Jun 7, 2003 In Escrow - not showing $890,000 0 MLS #2208353
Aug 11, 2002 New Listing $890,000 0 MLS #2208353
Aug 2, 2002 Expired $890,000 0 MLS #2108552
Aug 23, 2001 New Listing $890,000 0 MLS #2108552
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Tax & MLS details 1039 Wong Ln, Honolulu, HI, 96817

MLS #202512903
Current Property Taxes p/month
$770
Assessed Improvement value
$434,500
TMK
1-1-6-007-062-0000
Flood Zone
Zone X
Topography
Level
Lot Description
Clear
Total Assessed value
$2,639,100
Listed by
Five Star Realty, Inc.
(808) 382-6871
MLS #
202512903
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Similar homes nearby 1039 Wong Ln in Kapalama

Recently sold nearby 1039 Wong Ln in Kapalama

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Frequently asked questions for 1039 Wong Ln

When was this multi-family home built and last sold?

This house was build in 1953.

What is the full address of this multi-family home?

1039 Wong Ln, Honolulu, HI, 96817.

Are there beaches near 1039 Wong Ln?

No, there aren't.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Five Star Realty, Inc.. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on May 28, 2025.
Hawaii House Last checked 1 minute ago.

Multi-Family Home for sale $3,180,000 1039 Wong Ln, Honolulu, HI, 96817 0 sqft Save House Remove from Saved