#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
Home typeMulti Family
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Year built1966
ParkingCovered
MLS #202415757
WaterfrontOther
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.
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: 3/14/2025, 10:20:55 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. Typical income of Honolulu, HI residents is less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
44%
<35k
42%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
63%
Single, No Kids
5%
Single, with Kids
21%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
3%
12-17 yrs old
26%
18-34 yrs old
42%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Live Theatre
Where do the neighbors shop?
Crate & Barrel
H&M
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
BMW
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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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. Between January and February 2025, Honolulu, HI real estate market has seen increase in the number of listings by 10.2%. The median list price of listings available in February 2025 was $699,719, while the average time on the real estate market was 72 days.
From Rocket Homes Real Estate and based on county public records data.