| Description | Impressive 8% CAP rate! Opportunity to own a multi-family property in an unbeatable location across from Iolani School. This property includes three single-story duplex buildings (6 units total), currently configured as three spacious 4-bedroom, 2-bath units- originally six (2-bed, 1-bath) units and easily convertible back for greater rental flexibility. Long-term tenants in place, and generating strong cash flow. Conveniently located near Waikiki Beach, Ala Moana, bus lines, and restaurants. *Some photos have been virtually decluttered |
|---|---|
| Status | Sold since 10-27-2025 |
| MLS# | 202524362 |
| Price | $2,499,000 |
| Original Price | $2,499,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 0 |
| Two Bed Units | 6 |
| Three Bed Units | 0 |
| Living Sq Ft | 3,572 |
| Land Sq Ft | 11,077 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 726 Menehune Lane Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Kapiolani |
| Days on Market | 29 |
| Year Built | 1957 |
| Condition | Average |
| View | Mountain, Sunrise |
| Frontage | Other |
| Parking | Open |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AE |
| Tax Amount | $25 |
| Assessed Land | $1,873,300 |
| Assessed Building | $258,700 |
| Assessed Total | $2,132,000 |
| Assessed Ratio | 117% |
| Utilities | Cable, Internet, Overhead Electricity, Public Water, Telephone, Water |
| Construction | Above Ground, Single Wall, Wood Frame |
| Lot Features | Irregular |
| Disclosures | Listor Owner, Property Disclosure Stmt |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Composition |
| Easements | Egress, Ingress, Sewer |
| Parcel # | 1-2-7-023-055-0000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 02-11-2026 | 202524362 | Sold | C | S | $2,499,000 | $2,468,000 | $2,132,000 | $1,873,300 | $258,700 |
| 11-25-2025 | 202524362 | Active Under Contract | A | C | $2,499,000 | $2,468,000 | $2,132,000 | $1,873,300 | $258,700 |
| 10-28-2025 | 202524362 | New Listing | A | $2,499,000 | $2,468,000 | $2,132,000 | $1,873,300 | $258,700 | |
| 03-31-2022 | 202124669 | Sold | P | S | $1,680,000 | $1,600,000 | $1,850,600 | $1,605,700 | $244,900 |
| 11-28-2021 | 202124669 | In Escrow Not Showing | C | P | $1,680,000 | $1,600,000 | $1,850,600 | $1,605,700 | $244,900 |
| 11-01-2021 | 202124669 | In Escrow Showing | A | C | $1,680,000 | $1,600,000 | $1,850,600 | $1,605,700 | $244,900 |
| 10-25-2021 | 202124669 | Price Decrease | $1,800,000 | $1,680,000 | $1,680,000 | $1,600,000 | $1,850,600 | $1,605,700 | $244,900 |
| 09-25-2021 | 202124669 | New Listing | A | $1,680,000 | $1,600,000 | $1,850,600 | $1,605,700 | $244,900 |
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