412 Launiu St

Honolulu, HI 96815

$18,500,000
Price
66
Beds
—
Baths
30,663 Sq. Ft.
$603 / Sq. Ft.
30,663
Sq. Ft.
$603
per Sq. Ft.
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a building view
a view of city
a view of city with tall buildings
an aerial view of residential houses with outdoor space and parking
a view of a kitchen with electric appliances
a kitchen with white cabinets white stainless steel appliances and wooden floors
an empty room with wooden floor and windows
a kitchen with stainless steel appliances granite countertop a stove a sink and white cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a view of an empty room and wooden floor
a bathroom with a toilet sink and shower
a view of a kitchen with wooden floor and a sink
an empty room with wooden floor and windows
a view of a kitchen with a sink and a refrigerator
an empty room with wooden floor and windows
a bathroom with a toilet sink vanity and shower
an empty room with windows
a view of a cars park in front of building
a utility room with dryer and washer

Description

This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards,...This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
  1. Listed by Peggy SY Tong Kong • License #RB-23606 • Moana Realty LLC • peggyrealtyhawaii@gmail.com
  2. Listed by Hiroko O Miller • License #RB-21675 • Moana Realty LLC • peggyrealtyhawaii@gmail.com

Property Details for 412 Launiu Street

View
City
Zoning
X2 - Apartment Precinct
Neighbourhood
WAIKIKI
Flood Zone
Zone AO
Stories/Levels
4-7
Land Tenure
FS - Fee Simple
LISTING UPDATED: 04/09/2026 08:36 PM

Property Details for 412 Launiu Street

StatusActive
MLS #202604570
Days on Market95
Taxes$2,122 / month
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1971
Lot Size0.21 AC / 9,064 SF
CountyHonolulu County
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Location

Listing Courtesy of Moana Realty LLC, Peggy SY Tong Kong, License #RB-23606; Moana Realty LLC, Hiroko O Miller, License #RB-21675
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Building Information for 412 Launiu Street

Stories-Residences36Year Built1971Building Size-Lot Size0.21 AC / 9,064 SF

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$94,310 per month

30 year fixed, 6.36% Interest

Principal and Interest

$92,188

Property Taxes

$2,122

HOA Dues

$0

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Property Information for 412 Launiu Street

Summary
Location and General Information
  • Topography: Level
  • City: Honolulu
  • County Or Parish: Oahu
  • State Or Province: HI
Taxes and HOA Information
  • Tax Amount: $2,122.00
  • Tax Assessed Value: $7,276,800.00
  • Tax Assessed Value Improvements: $3,651,200.00
  • Tax Assessed Value Land: $3,625,600.00
  • Tax Year: 2026
  • Parcel Number: 1-2-6-017-022-0000
  • HOA YN: No
School Information
  • Elementary School: Jefferson
  • High School: Kaimuki
  • Middle Or Junior School: Washington
Parking
  • Parking Features: Assigned
  • Parking Total: 36
  • Other Parking Features: None
Property
Lot Information
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • SQFT Building: 30663.0
  • Sqft Total: 30663.0
  • Land Recorded: Regular System
  • Lot Features: Clear
  • Lot Size Area: 9064.0
  • Year Built: 1971
  • Building Type: Apartments
Property and Assessments
  • Documents: Lease Documents, Title Search
  • Photo Count: 20
  • Property Condition: Above Average
  • Special Listing Conditions: None
  • Disclosures: None
  • Foreclosure: No
  • Set Backs: Of Record
  • TMK Area: 126
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 22
  • TMKPLAT: 17
  • TMK Section: 6
  • TMK Zone: 2
Utilities
  • Utilities: Cable, Gas, Internet, Public Water, Sewer Fee
  • Sewer: Connected
  • Utilities Meters: Electric, Gas, Water
Interior and Exterior Features
Exterior Features
  • Amenities: A/C
  • Construction Materials: Concrete
  • Easements: None
  • Elevators Number Of: 1
  • Roof: Other
Interior Features
  • Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
  • Studio Units Number Of: 0
  • Unit One Number Of Bed: 6
  • Unit Three Number Of Bed: 0
  • Unit Two Number Of Bed: 30
  • Number Of Units Total: 36
Income & Expenses
  • Total Annual Operating Expenses: $298,060.00
  • Total Income: $984,000.00
  • Expenses Include: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
  • Net Operating Income: $695,940.00
  • Other Income: $.00
Agent
Sale and Listing
  • DOM: 42
  • Immoviewer: No
  • Listing Service: Full Service
  • Management Company Name: Self Managed
  • MLS: HI Central
  • MLS Area Major: Metro
  • Status: Active
  • Public Remarks: This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
  • Possession: At Closing
Showing and Remarks
  • Showing Instructions: Appointment Only, Call Listor
Rental
Rent Information
  • Tenants Responsibilities Include: Cable TV, Other
  • Total Actual Rent: $82,000.00

Property History for 412 Launiu Street

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Listed (Active)

HICENTRAL #202604570

$18,500,000—
DateEvent & SourcePrice
02/26/2026

Listed (Active)

HICENTRAL #202604570

$18,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 412 Launiu Street

Taxable ValueLand$3,625,600Additions$3,651,200Total$7,276,800
Tax Record2026$23,772 ($1,981 / month)
Home Facts
Total Finished SqFt30,663 SqFtAbove Grade Finished SqFt30,663 SqFtStories7Lot Size9,064 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningAPT PRECINCTCountyHONOLULUAPN1-2-6-017-022

Schools near 412 Launiu Street

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
President Thomas Jefferson Elementary School
Public - PK to 5
President George Washington Middle School
Public - 6 to 8
Kaimuki High School
Public - 9 to 12
Kulia Academy
Charter - 6
Rating
School
Distance
President Thomas Jefferson Elementary School
PublicPK to 5

President George Washington Middle School
Public6 to 8

Kaimuki High School
Public9 to 12

Kulia Academy
Charter6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 412 Launiu Street, Honolulu, HI 96815

412 Launiu Street is a multi-family home for sale in Honolulu, HI 96815. This property was listed for sale on February 26, 2026 by Moana Realty LLC, it's currently listed at $18,500,000. This listing's school district is Hawaii Department Of Education. Nearby schools include President Thomas Jefferson Elementary School, President George Washington Middle School and Kaimuki High School. 412 Launiu Street is a 66-bed, 0-bath, 30,663 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Moana Realty LLC, Peggy SY Tong Kong, License #RB-23606; Moana Realty LLC, Hiroko O Miller, License #RB-21675

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.