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3622 Maunalei Ave, Honolulu, HI, 96816

3beds
2baths
1,184sqft
$1,495,000
$1,263price/sqft
$8,590/moest. monthly cost
$343,600/yrincome needed

About This Home

TWO HOMES. ONE LOT. $6,300/MONTH IN RENTAL INCOME. A rare turnkey income property in one of Honolulu's most sought-after neighborhoods. Set on a quiet, private street minutes from Kahala Mall, KCC, Diamond Head, Waikiki, Dog Parks, and Kaimuki! Just minutes away from amazing boutique restaurants and shops: what makes living in Kaimuki so special! If you enjoy Farmers Markets, this home is just minutes away from the weekly KCC market, so you can enjoy fresh produce, food, and all the fun that it brings. This home offers two fully detached, separately metered homes on a 5,000 sf lot, fully updated in 2023 and PRICED UNDER TAX ASSESSED VALUE! Both units are renovated, move-in ready, and in strong rental demand, over $75,000 in annual gross income with tenants already in place. About as plug-and-play as Honolulu investing gets. For owner-occupants: live in one home and let the other offset your mortgage. A true house-hack in a neighborhood people choose to stay in. Investor, house-hacker, or multi-gen buyer, this home checks every box. Schedule your private showing today. **driveway is owned by 3622a Maunalei Ave, subject property has easement to use driveway**

Getting Around

63
WalkingSomewhat Walkable
54
TransitGood Transit
44
BikeSomewhat Bikeable

Schools

8/10
10/10
Kaimuki Middle SchoolGrades 6-80.5 mi
10/10
Kalani High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Good Condition,Updated/Remodeled
  • Year built: 1945

Materials

  • Construction materials: Hollow Tile,Single Wall,Wood Frame

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage,Detached,Multiplex
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedroom on Main Level,Full Bath on Main Level
  • Flooring: Vinyl

Interior Area

  • Total structure area: 1,184
  • Total interior livable area: 1,184 sqft

Property

Details

  • Parcel number: 1320310260000
  • Zoning description: 05 - R-5 Residential District
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Has view: Yes
  • View description: Coastline,City,Mountain(s)
  • Has water view: Yes
  • Water view: Coastline
  • Topography of land: Level

Lot

  • Features: Cleared,Other,Level

Parking

  • Total spaces: 3
  • Parking features: Carport,Three or more Spaces
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Lightning
Inland Flooding

FEMA Declared Disasters Across Hawaii Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,559$90,708
Home Insurance *$262$3,144
Property Taxes $388$4,656
Electricity $381$4,575
Total$8,590$103,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$294,514/yr
40% on housing$257,700/yr
45% on housing$229,066/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,263This listing

vs Other Active Listings

Avg $/sqft

ZIP 96816$1,116
Honolulu County$747

vs Homes Sold Last Month

Median $/sqft

ZIP 96816$750
Honolulu County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Listed for rent$3,600
2026-06-21Listed for sale$1,495,000
2026-06-07Contingent$1,495,000
2026-05-21Listed for sale$1,495,000
2025-08-02Listing removed$1,490,000
2025-07-29Listing removed$3,600
2025-07-09Listed for rent$3,600
2025-07-04Price change$1,490,000
2025-05-31Listed for sale$1,498,888
2025-05-22Contingent$1,498,888
2025-05-15Listed for sale$1,498,888
2025-05-10Listing removed$3,600
2025-04-19Listed for rent$3,600
2023-11-19Listing removed--
2023-11-05Listed for rent$3,600
2023-03-29Listing removed--
2023-03-05Listed for rent$2,800
2022-09-02Contingent$1,192,000
2022-08-17Listed for sale$1,192,000

For Sale by Agent

AgentDavid W Lee
BrokerageReal Broker

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