# 1039 Wong Lane, Honolulu, HI 96817

> **TL;DR:** residential multi family, $2,700,000, built 1953. Est. $11,700/mo. Listed 116 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,700,000 |
| Year Built | 1953 |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 116 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $11,700 |
| **Total** | **$11,700** |

## Property Highlights

- Built in 1953
- 16 parking spaces

## Description

### Agent Description
Excellent investment opportunity in Honolulu with NOI of 5%, 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, 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.

## Location

- **Address:** 1039 Wong Lane, Honolulu, HI 96817
- **County:** Oahu
- **Neighborhood:** KAPALAMA
- **Coordinates:** 21.32567, -157.864817
- **Google Maps:** https://www.google.com/maps?q=21.32567,-157.864817

## Listing Agent

- **Name:** Vincent Lao
- **Brokerage:** Five Star Realty, Inc.
- **Phone:** 8083826871
- **Email:** Vincent@FiveStarRealty.org

## Primary Photo

![1039 Wong Lane - Primary Photo](http://lh.rdcpix.com/e8e66679169e108de93553c3f74deccdl-f232047617r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/1039-wong-lane-honolulu-hi-96817-02526036)*

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**MLS#:** 202526036 | **Updated:** 2026-04-27
**Source:** listhub

*Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1039-wong-lane-honolulu-hi-96817-02526036)

---

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