1729 Malanai Street Honolulu, HI 96826
Listing
Overview
Price: $1,785,000
Area: MCCULLY
Status: Active
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. Listing by: Five Star Realty, Inc. (808) 255-3839
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- Land Area (sf): 3,800 sf
- Living (sf): 2,363
- Year Built: 1941
- Property Condition: Above Average
- Number of Parking Spaces: 4
- View: None
- Listing Office: Five Star Realty, Inc.
- Land Tenure: FS - Fee Simple
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on August 28, 2026 - 5:28 PM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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