1729 Malanai Street, Honolulu, HI 96826
- $1,785,000
- List Price
- $1,785,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202616551
- Days on Market
- 1
- Land Area
- 3,800
- Year Built
- 1941
- Property Type
- Residential
- Neighborhood
- Mccully
- Land Tenure
- FS - Fee Simple
Property Description
The property features an attractive unit mix of 1 studio, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified tenant profile and broad rental appeal. Current scheduled rents total approximately $8,855/month, with estimated laundry income of $120/month, generating approximately $8,975 in total monthly income or $107,700 annually. Several units are currently rented below market, creating potential for future income growth as leases turn over and rents are adjusted. The property has 5 separate electric meters, allowing electricity to be individually metered for each unit and 1 water meter. Centrally located near McCully, Kalakaua Avenue, Waikiki, Ala Moana, Kapiolani Boulevard, shopping, dining, entertainment, employment centers, schools, parks, and public transportation. The convenient in-town location supports strong rental appeal and accessibility. Whether you’re an experienced multifamily investor expanding your portfolio or seeking an income-producing property with value-add and future rent-growth potential, this property is worth a closer look. Do not disturb tenants or walk onto the property without prior approval. All showings require prior notice and approval.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
- View
- None
- Lot Size
- 3,800
- Construction Materials
- Double Wall, Hollow Tile, Masonry, Concrete, Single Wall, Stucco
- Neighborhood
- Mccully
- Frontage
- Other
- Furnished
- Unfurnished
- Year Built
- 1941
- Sewer
- Connected
- Parking Features
- Assigned, Covered, Open, Tandem
- Lot Features
- Cleared, Other, Level
- Stories
- 1
- Assessed Total
- 1161900
- Water
- Public
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Listing courtesy of Five Star Realty, Inc..
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 382-6871