| Description | 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. |
|---|---|
| Status | Active since 08-28-2026 |
| MLS# | 202616551 |
| Price | $1,785,000 |
| Original Price | $1,785,000 |
| Price Change | (0.00%) |
| Studio Units | 1 |
| One Bed Units | 3 |
| Two Bed Units | 1 |
| Three Bed Units | 0 |
| Living Sq Ft | 2,363 |
| Land Sq Ft | 3,800 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1729 Malanai Street Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Mccully |
| Days on Market | 30 |
| Year Built | 1941 |
| Year Remodeled | 1948 |
| Condition | Above Average |
| View | None |
| Frontage | Other |
| Parking | Assigned, Covered, Open, Tandem |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AO |
| Tax Amount | $337 |
| Assessed Land | $1,004,500 |
| Assessed Building | $157,400 |
| Assessed Total | $1,161,900 |
| Assessed Ratio | 154% |
| Utilities | Cable, Internet, Overhead Electricity, Public Water, Water |
| Construction | Concrete, Double Wall, Hollow Tile, Masonry/Stucco, Single Wall |
| Lot Features | Clear |
| Disclosures | Licensed Owner |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-3-031-047-0000 |
| Listing courtesy of | Five Star Realty, Inc. |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-28-2026 | 202616551 | New Listing | A | $1,785,000 | $0 | $1,161,900 | $1,004,500 | $157,400 | |
| 06-12-2020 | 202002995 | Sold | C | S | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 04-06-2020 | 202002995 | In Escrow Showing | A | C | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 03-30-2020 | 202002995 | Back On Market | C | A | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 03-25-2020 | 202002995 | In Escrow Showing | A | C | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 03-03-2020 | 202002995 | Back On Market | C | A | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 02-18-2020 | 202002995 | In Escrow Showing | A | C | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
| 02-12-2020 | 202002995 | New Listing | A | $1,250,000 | $1,150,000 | $999,300 | $861,000 | $138,300 |
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