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412 Launiu St, Honolulu, HI 96815
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.
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Multi-family details
1971 year built
- Year Built 1971
- Days on market 20
- Price per sqft $603/sqft
-
Address
412 Launiu St, Honolulu, HI, 96815
- Neighborhood Waikiki
- Land tenure FS - Fee Simple
- Land SqFt 9,064 sqft
- View City
Open Houses
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Monthly payment
Calculate your monthly payments
Mortgage
$94,327
Taxes
$2,122
HOA dues
$0
Mortgage
Down payment
$3,700,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$94,327 / month
Neighborhood: Waikiki
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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High school
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no data
Local airport
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no data
15.67 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
36 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
36
Amenities & Features
36 parking places
Stories
4-7
Construction
Concrete
Utilities
Cable, Gas, Internet, Public Water, Sewer Fee
Property Condition
Above Average
Parking
Assigned
nr.of parking places
36
Amenities
A/C
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Waikiki prices
No information about average prices in this area
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About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.211mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.38mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.38mi |
| School rating | Distance | |
|---|---|---|
|
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.211mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.38mi | |
|
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.68mi | |
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.753mi | |
|
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.93mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.38mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.789mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.988mi | |
|
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.998mi | |
|
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
1.053mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.38mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.789mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.868mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
1.023mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
1.125mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Tax & MLS details 412 Launiu St, Honolulu, HI, 96815
MLS #202604570
Current Property Taxes p/month
$2,122
Assessed Improvement value
$3,651,200
TMK
1-2-6-017-022-0000
Flood Zone
Zone AO
Topography
Level
Lot Description
Clear
Total Assessed value
$7,276,800
Listed by
Moana Realty LLC
peggyrealtyhawaii@gmail.com
peggyrealtyhawaii@gmail.com
MLS #
202604570
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Frequently asked questions for 412 Launiu St
When was this multi-family home built and last sold?
This house was build in 1971.
What is the full address of this multi-family home?
412 Launiu St, Honolulu, HI, 96815.
Are there beaches near 412 Launiu St?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2026 by HiCentral Mls, Ltd. Listing courtesy of Moana Realty LLC. Some 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on February 25, 2026.
Hawaii House Last checked 1 minute ago.
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