$2,650,000

1003 3rd Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated payment $14,495/month

Total Views 2,749
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Central Air
  • Level Lot
  • 15,600 Sq Ft lot
  • High Speed Internet
  • 1-Story Property

About This Home

Investor's gem in the highly sought-after Kaimuki neighborhood. This rare opportunity features a generous 15,600 sq. ft. lot zoned R-3.5.
The property includes a total of 12 rental units-5 studios, 6 one-bedroom units, and 1 two-bedroom unit-spread across five separate structures.
Situated on a corner lot spanning from 3rd Avenue to Palima Place, across Pahoa Avenue, the property offers excellent accessibility. Utilities include 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, popular restaurants and businesses along Waialae Avenue and Kapahulu Avenue, Market City Shopping Center, Kapahulu Shopping Center, and Waikiki.
Buyer to perform their own due diligence.

Listing Agent

Brian Chua

Five Star Realty, Inc. Brokerage Phone: (808) 382-6871 License #RB-21314 Listed on: 01/06/2026

Co-Listing Agent

FengQing Lin

Five Star Realty, Inc. Brokerage Phone: (808) 382-6871 License #RS-79401

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,608

Year Built

  • Built in 1942

Lot Details

  • 0.36 Acre Lot
  • Level Lot
  • Property is in average condition

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • City Views

Parking

  • 12 Parking Spaces
  • Open Parking

Utilities

  • Central Air
  • Above Ground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1-3-2-010-048-0000

Community Details

Overview

  • 12 Units
  • Kaimuki Subdivision

Building Details

  • Operating Expense $32,197
  • Net Operating Income $161,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,608

Year Built

Built in 1942

Lot Details

0.36 Acres

Listing Details

  • Co List Office Mls Id: FIVE
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1942
  • Attribution Contact: (808) 382-6871
  • Co List Office Phone: (808) 382-6871
  • MLS Status: Active
  • Subdivision Name: KAIMUKI
  • Unit Levels: One, Two
  • Roof: Asphalt, Other, Shingle
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Single Wall
  • Lot Features: Other, Level
  • Property Condition: Average Condition
  • Topography: Level,Sloping
  • View: City
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 12.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: 1-3-2-010-048-0000
  • Zoning Description: 07 - R-3.5 Residential District

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 161723.0
  • Annual Operating Expense: 32197.0
  • Tenant Pays: Electricity, Gas
  • Total Actual Rent: 16160.0

Tax Info

  • Tax Annual Amount: 10608.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,364 $3,031,400 $2,793,000 $238,400
2024 $10,364 $2,961,100 $2,726,500 $234,600
2023 $10,341 $2,954,700 $2,726,500 $228,200
2022 $9,358 $2,673,800 $2,460,500 $213,300
2021 $8,692 $2,483,500 $2,261,000 $222,500
2020 $8,253 $2,358,100 $2,128,000 $230,100
2016 $7,732 $2,209,000 $1,941,800 $267,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2026 01/06/26 For Sale $2,650,000 +6.5% --
07/19/2022 07/19/22 Off Market $2,488,888 -- --
07/18/2022 07/18/22 Sold $2,488,888 -16.8% $478 / Sq Ft View Prior Sale
07/06/2022 07/06/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $2,989,888 0.0% $574 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/26/2022 04/26/22 Price Changed $2,989,888 -4.4% $574 / Sq Ft
01/26/2022 01/26/22 For Sale $3,128,888 -- $601 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title Of Hawaii
Special Warranty Deed -- First American Title Of Hawaii
Warranty Deed -- First American Title Of Hawaii
Special Warranty Deed -- First American Title Of Hawaii
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202525869

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-2-010-048-0000

Hawaii Honolulu County Honolulu 96816 Diamond Head-Kapahula-Saint Louis

1003 3rd Ave, Honolulu, HI

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). 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.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2026 HiCentral MLS, Ltd

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Brian Chua
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Brian Chua
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Five Star Realty, Inc.
(808) 736-0860
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