#202426382, Listing office: Five Star Realty, Inc., Top Property Management LLC
Property details
About 1039 Wong Ln
Excellent investment opportunity in Honolulu — ideal for investors looking to start or expand their real estate portfolio. This income-producing property features eight detached homes (addresses 1039A to 1039H) situated on a large, level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes, offering broad rental appeal. Each unit has a separate electric meter, allowing tenants to cover their own utilities and minimizing operating expenses for the owner. Located near Chinatown, Downtown Honolulu, Lanakila Health Center, shopping centers, and major bus lines, the property benefits from high rental demand and strong occupancy potential. One unit (Unit F) has already been renovated with the opportunity to improve other units over time and boost rental income. This is a cash-flowing asset with long-term appreciation potential. The lot size may also offer future development or expansion potential (buyer to verify). Rarely does a property with this scale, flexibility, and location come to market. Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment. Property to be sold in “As Is” condition.
Highlights
Home typeMulti Family
StatusActive
Year built1953
ParkingCovered, Open
MLS #202512903
Summary
- Parking: Covered, Open
- List Price: $3,180,000
- Annual Tax Amount: $9,188
- Tax Year: 2024
- Lot: Cleared, Level
- Year Built: 1953
- Stories: 1
- MLS Number: 202512903
- MLS Name: HICMLS
- Office Name: Five Star Realty, Inc.
- Office Phone: (808) 382-6871
- Agent Phone: (808) 382-6871, (808) 220-3093
- Agent Email: Vincent@FiveStarRealty.org
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 7:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,180,000
1039 Wong Ln
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 30, 2014 | Home Sold | $1,738,000 |
| Jul 03, 2003 | Home Sold | $740,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,639,100 | $9,188 |
| 2023 | $2,625,200 | $7,560 |
| 2022 | $2,160,200 | $7,560 |
| 2021 | $2,129,100 | $7,451 |
| 2020 | $2,176,400 | $7,617 |
| 2019 | $2,232,700 | $6,588 |
| 2018 | $1,882,400 | $6,588 |
| 2017 | $2,237,000 | $7,829 |
History based on county public records data.
Nearby schools
3
Princess Miriam K Likelike Elementary School
Public District PK-5
0.1 mi
•1618 Palama St
9
Lanakila Elementary School
Public District PK-5
0.3 mi
•717 N Kuakini St
6
Princess Victoria Kaiulani Elementary School
Public District PK-5
0.3 mi
•783 N King St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,063. Most Honolulu, HI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
66%
<35k
17%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
8%
Single, with Kids
30%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
7%
12-17 yrs old
17%
18-34 yrs old
34%
35-64 yrs old
31%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1039 Wong Ln
The listing price of 1039 Wong Ln property is $3,180,000.
The property 1039 Wong Ln is a multi located in Honolulu, Hawaii, 96817.
Active Listing: 1039 Wong Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1039 Wong Ln are: Princess Miriam K Likelike Elementary School (GreatSchools Rating 3/10), Lanakila Elementary School (GreatSchools Rating 9/10), Princess Victoria Kaiulani Elementary School (GreatSchools Rating 6/10), King David Kalakaua Middle School (GreatSchools Rating 6/10), Prince David Kawananakoa Middle School (GreatSchools Rating 4/10), Central Middle School (GreatSchools Rating 6/10), Governor Wallace Rider Farrington High School (GreatSchools Rating 3/10), Myron B. Thompson Academy - New Century Public Charter School (GreatSchools Rating 8/10), President Theodore Roosevelt High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $9,188 (source: MLS/based on county public records data).
The last sale was on June 30, 2014 for $1,738,000 (source: MLS/tax record).
The year of construction for 1039 Wong Ln is 1953.
This home is located at 1039 Wong Ln in Honolulu, HI and zip code 96817 in the Kalihi-Palama neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $3,180,000.
In May 2025 more than 47 listings in Honolulu, HI were sold above the asking price. During the same period more than 47 listings were sold at asking price, while more than 171 were sold below. Between April and May 2025, Honolulu, HI real estate market has seen increase in the number of listings by 8.3%. In May 2025 median list price was $715,038 and the average listing age was 66 days.
From Rocket Homes Real Estate and based on county public records data.