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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
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Kapalama Multi-Family Homes for sale

2 multi-family home for sale

$3.18m
Kapalama
1039 Wong Ln, Honolulu
Multi-Family Home
$3,180,000
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.
Multi-Family Home
$1,100,000
An excellent investment opportunity in the heart of Kalihi! This fully-occupied 4-unit apartment building offers year-round rental income and is zoned IMX (Industrial-Mixed Use). Hallow tile construction provides durability and low maintenance. Individual electric meters and 4 covered parking. Tenants have their own washer hook up.
1 – 2 of 2 homes for sale
  1. Hawaii
  2. Oahu
  3. Honolulu
  4. Kapalama

Lifestyle & outdoors In Kapalama

3 surf spots in this area

Point Panics
Type: surfing
Flies
Type: surfing
Point Panic
Type: body-surfing
Kaka'ako, Honolulu 1-5 Dangerous rocks and reef bottom

25 parks in this area

Fern Community Park

Kamehameha Community Park

Kalihi Waena Neighborhood Park

Mokauea Street Mini Park

Peter Buck Mini Park

Loi Kalo Mini Park

Alewa Neighborhood Park

Kalakaua District Park

Lanakila District Park

Kunawai Neighborhood Park

Kunawai Springs

Auld Lane Mini Park

Kanoa Street Mini Park

Palama Triangle Mini Park

Banyan Court Mall

Liliuokalani Botanical Garden

Foster Botanical Garden

Kauluwela Community Park

Kauluwela Mall

Beretania Community Park

College Walk Mall

Pauahi Recreation Center

River Street/Sun Yet Sen Mall

Aala Park

Kila Kalikimaka Mall

3 beaches in this area

Unnamed beach

Unnamed beach

Unnamed beach

2 golf courses in this area

Fort Shafter Golf Course

Oʻahu Country Club

Essentials in Kapalama

Farmers market is about 13 min walk
Hospital is about 2 min drive
Supermarket is about 11 min walk
Airport is about 8 min drive
Costco is about 18 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Kapalama

15 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Schools nearby Kapalama

8 /10
GreatSchools.org
Rating
Kapalama Elementary School
1601 North School St, Honolulu, HI 96817
7 /10
GreatSchools.org
Rating
Kalihi Kai Elementary School
626 McNeill St, Honolulu, HI 96817
6 /10
GreatSchools.org
Rating
Princess Victoria Kaiulani Elementary School
783 North King St, Honolulu, HI 96817
5 /10
GreatSchools.org
Rating
Puuhale Elementary School
345 Puuhale Rd, Honolulu, HI 96819
3 /10
GreatSchools.org
Rating
Princess Miriam K Likelike Elementary School
1618 Palama St, Honolulu, HI 96817
6 /10
GreatSchools.org
Rating
King David Kalakaua Middle School
821 Kalihi St, Honolulu, HI 96819
3 /10
GreatSchools.org
Rating
Governor Wallace Rider Farrington High School
1564 North King St, Honolulu, HI 96817
School ratings provided by Greatschools.org © 2023. All rights reserved.

Living in Kapalama Kapalama is a neighborhood in the Honolulu district of Oahu.

Supermarkets are about 11 min walk, the nearest Hospital is about 2 min drive and the airport is about 8 min drive.

Kapalama is very walkable.

There are 25 parks in this area, and 3 public beaches. Nearby lifestyles include surfing, body surfing and golf.

Housing Market Trends for Kapalama

There are currently 15 real estate listings for sale in Kapalama. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Kapalama for condos is $231,363 and for homes is $1,064,341. Week over week the average listing price increased 1%. The median sales price for Kapalama over the last 90 days is $775,000, a 72% increase of $325,000 year over year. If we break this down per property types we see that the median sales price for homes is $1,031,500 and for condos $310,000.
The number of sales in the last 60 days are 7. The average days Kapalama properties stay on the market before being sold is 131 days.

Kapalama is a neighborhood located in the
Honolulu
district on the island of
Oahu
.

Average Listing Price Kapalama for condos & homes

Median Sales Price Kapalama for condos & homes

Number Of Sales Kapalama for condos & homes

* information deemed reliable, but not guaranteed
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