#202406965, Listing Office: Commercial Inv. Strategies
Property details
About 437 Namahana St
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
Highlights
(Active Under Contract)
Summary
- MLS Number: 202415757
- MLS Name: HICMLS
- Office Name: Standard Management LLC
- Office Phone: (808) 208-8107
- Agent Phone: (808) 208-8107
- Agent Email: mike@standardcommercial.com
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.
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Last updated on: 3/14/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,000,000
437 Namahana St
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Price information
Property sales
Date | Event | Price |
---|---|---|
Nov 09, 2011 | Home Sold | $470,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $2,030,500 | $7,025 |
2023 | $2,007,300 | $6,773 |
2022 | $1,935,200 | $6,773 |
2021 | $1,955,300 | $6,843 |
2020 | $1,895,300 | $6,633 |
2019 | $1,847,100 | $6,381 |
2018 | $1,823,200 | $6,381 |
2017 | $1,774,600 | $6,211 |
History based on county public records data.
Nearby schools
3
Ala Wai Elementary School
Public District PK-5
0.2 mi
•503 Kamoku St
4
King William Lunalilo Elementary School
Public District PK-5
0.6 mi
•810 Pumehana St
4
Prince Jonah Kuhio Elementary School
Public District PK-5
0.7 mi
•2759 S 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 $42,095. The majority of Honolulu, HI residents have income less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
Similar homes for sale
This home is located at 437 Namahana St in Honolulu, HI and zip code 96815 in the Waikiki neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 9, 2024 and is currently priced at $4,000,000.
While more than 24 listings in Honolulu, HI in February 2025 were sold above asking price, there were more than 44 listings sold at asking price, and more than 127 were sold below. The number of listings in Honolulu, HI increased by 10.2% between January and February 2025. While the average time on the market in February 2025 was 72 days, the median list price was $699,719.