436 Namahana St Honolulu, HI 96815
Waikiki NeighborhoodEstimated payment $16,916/month
Highlights
- Coin Laundry
- Level Lot
- 3-minute walk to Waikiki Gateway Park
- Property is in excellent condition
About This Home
Prime investment opportunity in the heart of Waikiki! This well-maintained concrete walk-up features 11 total units– (10) studio units and (1) one-bedroom unit – across two charming buildings, including an architectural gem fronting Namahana Street. The property offers a fenced and gated common garden area and on-site coin-operated laundry for tenant convenience. Centrally located and just minutes to Waikiki Beach, Ala Wai Blvd, McCully, bus routes, shopping, and dining. Tenants pay for cable TV and electricity, keeping operating expenses low. With a strong rental history and consistent income production, this is a rare find in one of Honolulu’s most desirable neighborhoods. Don't miss this excellent multi-family investment opportunity! Apartment Zoning * Waikiki Special District. Exact floor plan and square footage may not match tax records.
Listing Agent
Esther Kusunoki
List Sotheby's Int'l Realty Brokerage Phone: (808) 735-2411 License #RB-21002 Listed on: 08/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,904
Year Built
- Built in 1937
Lot Details
- 4,500 Sq Ft Lot
- Level Lot
- Property is in excellent condition
Interior Spaces
- 3,632 Sq Ft Home
- 2-Story Property
Parking
- 1 Parking Space
- Unassigned Parking
Listing and Financial Details
- Assessor Parcel Number 1-2-6-015-015-0000
Community Details
Overview
- 11 Units
- Waikiki Subdivision
Amenities
- Coin Laundry
Building Details
- Operating Expense $63,144
- Net Operating Income $126,456
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,904 | $1,981,100 | $1,688,100 | $293,000 |
| 2024 | $6,904 | $1,972,600 | $1,688,100 | $284,500 |
| 2023 | $6,818 | $1,948,000 | $1,665,000 | $283,000 |
| 2022 | $6,605 | $1,887,100 | $1,618,800 | $268,300 |
| 2021 | $6,659 | $1,902,700 | $1,618,800 | $283,900 |
| 2020 | $6,401 | $1,828,900 | $1,526,300 | $302,600 |
| 2019 | $6,260 | $1,788,500 | $1,480,000 | $308,500 |
| 2018 | $6,166 | $1,761,800 | $1,456,900 | $304,900 |
| 2017 | $6,326 | $1,807,300 | $1,387,500 | $419,800 |
| 2016 | $5,907 | $1,687,800 | $1,271,900 | $415,900 |
| 2015 | $5,054 | $1,443,900 | $1,140,000 | $303,900 |
| 2014 | -- | $1,394,100 | $1,094,400 | $299,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | For Sale | $2,999,000 | +52.2% | $826 / Sq Ft |
| 05/26/2017 05/26/17 | Sold | $1,970,000 | -0.3% | $542 / Sq Ft |
| 04/26/2017 04/26/17 | Pending | -- | -- | -- |
| 03/01/2017 03/01/17 | For Sale | $1,975,000 | -- | $544 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,970,000 | Tg | |
| Warranty Deed | $1,970,000 | Tg | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,850,000 | Commercial | |
| Closed | $1,850,000 | Commercial | |
| Closed | $1,500,000 | Commercial |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202517421
APN: 1-2-6-015-015-0000
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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 2025 HiCentral MLS, Ltd
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