| Description | INVESTOR DREAM! Are you looking for a rare, income-generating opportunity with strong fundamentals and long-term potential? This one-of-a-kind property features four 2-bed / 1-bath units—each with separate electric meters, six on-site parking stalls, and an estimated market CAP rate near 5%.This might be the gem you've been waiting for. A truly unique opportunity where the numbers make sense—and the location adds even more value. Each unit is thoughtfully designed with a vertical stack, meaning no upstairs neighbors—offering greater privacy, quieter living, and less wear-and-tear between tenants. Tenants will love the convenience of their own washers and dryers, the comfort of both front and backyard space, and the feel of a private townhouse rather than a traditional rental. It’s an ideal setup for long-term tenant satisfaction and retention—giving your investment lasting stability. Located just moments from Waikiki, Ala Moana, top schools, and some of Honolulu’s most popular dining, this property is positioned perfectly for today’s renters. This isn’t just another multifamily property—it’s the kind of opportunity that doesn’t come around often. |
|---|---|
| Status | Sold since 05-16-2025 |
| MLS# | 202512035 |
| Price | $1,595,000 |
| Original Price | $1,595,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 8 / 4 / 0 |
| Parking Spaces | 6 |
| Living Sq Ft | 3,000 |
| Land Sq Ft | 5,036 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 713 Menehune Lane Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Kapiolani |
| Days on Market | 17 |
| Year Built | 1952 |
| Condition | Average |
| View | None |
| Pool | None |
| Parking | 3 Car+ |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AE |
| Tax Amount | $402 |
| Assessed Land | $1,231,600 |
| Assessed Building | $147,500 |
| Assessed Total | $1,379,100 |
| Assessed Ratio | 116% |
| Inclusions | AC Window Unit, Dryer, Range/Oven, Refrigerator, Washer, Water Heater |
| Utilities | Cable, Connected, Internet, Overhead Electricity, Public Water |
| Construction | Above Ground, Hollow Tile, Single Wall |
| Lot Features | Clear |
| Flooring | Laminate |
| Disclosures | 1031 Exchange, Property Disclosure Stmt |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Building Style | Multiple Dwellings |
| Roofing | Asphalt Shingle |
| Easements | Telephone |
| Security | Key |
| Parcel # | 1-2-7-023-053-0000 |
| Listing courtesy of | Keller Williams Honolulu |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-25-2025 | 202512035 | Sold | C | S | $1,595,000 | $1,612,500 | $1,379,100 | $1,231,600 | $147,500 |
| 06-02-2025 | 202512035 | Active Under Contract | A | C | $1,595,000 | $1,612,500 | $1,379,100 | $1,231,600 | $147,500 |
| 05-16-2025 | 202512035 | New Listing | A | $1,595,000 | $1,612,500 | $1,379,100 | $1,231,600 | $147,500 |
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